SAO PAULO, June 28, 2026, 18:05 (BRT)
- Banco Bradesco’s preferred shares picked up 2.6% last week. The move trailed the Ibovespa, which rose 3.0%.
- BBDC4 saw 56.5% of its weekly turnover packed into two midweek trading days as shares dipped.
- Banco Bradesco S.A. set July 3 as the dividend record date and July 6 as the ex-date. Those dates will be on traders’ calendars this week.
B3 was closed Sunday, with trading set to resume Monday at 10:00 a.m. and run through 4:55 p.m. Banco Bradesco S.A. BVMF:BBDC4 heads into the new week coming off a 1.7% gain last session, ending Friday at 17.92 reais.
Investors shouldn’t focus on the Friday move. The key was volume. BBDC4 gained 2.58% over the week to June 26, but over half of weekly trading came on June 24 and 25, as the price dropped from 17.84 reais to 17.62 reais.
All price numbers are from Friday’s close. Weekly return figures use June 19 closes for Bradesco, Itaú, Banco do Brasil, and Santander from StockAnalysis, and Ibovespa numbers from ADVFN.
| Security | Friday close | Week change | Friday change |
|---|---|---|---|
| Banco Bradesco S.A. preferred BVMF:BBDC4 | R$17.92 | up 2.58% | added 1.70% |
| Banco Bradesco S.A. common BVMF:BBDC3 | R$15.64 | rose 3.17% | up 1.82% |
| Itaú Unibanco Holding S.A. preferred BVMF:ITUB4 | R$42.24 | gained 5.94% | advanced 1.29% |
| Banco do Brasil S.A. common BVMF:BBAS3 | R$20.34 | up 4.74% | increased 1.45% |
| Banco Santander Brasil S.A. unit (BVMF:SANB11) | R$26.35 | fell 1.97% | rose 0.57% |
| Ibovespa (INDEXBVMF:IBOV) | 173,295.14 | up 2.95% | added 0.76% |
Bradesco is still trading like a laggard, not a sector leader, as the gap shows. BBDC4 outperformed Santander Brasil but still trailed Itaú by 3.36 points and Banco do Brasil by 2.16. Common shares climbed 3.17%. But the preference shares are still where most trading happens.
| BBDC4 session | Close | Change | Volume |
|---|---|---|---|
| June 22 | R$17.68 | up 1.20% | 21.73 mln |
| June 23 | R$17.84 | added 0.90% | 21.95 mln |
| June 24 | R$17.65 | fell 1.07% | 76.07 mln |
| June 25 | R$17.62 | down 0.17% | 51.81 mln |
| June 26 | R$17.92 | rose 1.70% | 54.80 mln |
June 24 and 25 saw 127.9 million shares trade hands, making up 56.5% of this week’s 226.4 million total. Volume bounced Friday with 54.8 million shares, about 1.9 times the average 28.69 million figure on Google Finance.
Valuation gives both sides something. BBDC4 at 17.92 reais is still trading 17.7% below its 52-week high of 21.77 reais, but sits 24% above the 52-week low of 14.46 reais. Google Finance shows it at 7.97 times earnings, with a 5.67% dividend yield and market cap of 177.62 billion reais.
Bradesco’s latest quarter offered a clear number for investors. Recurring net income came in at 6.811 billion reais in Q1, up 16.1% year-on-year. Net interest income was also higher, climbing 16.4%. But loan-loss provisions jumped 26.5%, and loans over 90 days past due were at 4.2%.
Brazil’s rate outlook stayed muddled. The IPCA-15 inflation print came in at 0.41% for June, with 12-month inflation at 4.80%. IBGE had jobless numbers at 5.6% for the quarter ending May and said usual real earnings rose 4.0% year-on-year. That still puts the Bradesco trade squarely on two things: credit demand, and how fast the central bank cuts rates.
Brazil’s central bank lowered the Selic rate to 14.25% last week, but officials later clarified their policy horizon is unchanged after markets were confused by the latest inflation comments. Alberto Ramos of Goldman Sachs said, “We expect the Copom to halt the rate normalization cycle and to resume cuts at the earliest by fourth quarter of 2026.” Reuters
Bradesco is in focus this week with a dividend event. S&P Capital IQ data on MarketScreener shows the bank set a semiannual payout of 0.2862 real per share. The record date is July 3, ex-date July 6. Friday’s close puts the yield at about 1.6% for BBDC4.
