New York, Feb 12, 2026, 07:48 EST — Premarket
- Bradesco’s preferred ADRs trading under the BBD ticker in the U.S. climbed roughly 4% ahead of the open.
- Executive officers offloaded non-voting shares in January, a new Form 6-K shows. The controlling group’s stake didn’t budge.
- Bradesco preferred shares (BBDC4) climbed close to 3% in Brazil on Wednesday, with investors looking ahead to pivotal March shareholder votes.
Banco Bradesco S.A.’s preferred ADRs in the U.S. jumped roughly 4% ahead of Thursday’s open, trading at $4.16. The stock had settled just under $4.00 at the close the previous day.
That initial jump is under the microscope, as investors keep parsing governance and payout cues across Brazilian banks—routine filings alone can stir up fresh arguments over capital, control, and distributions. Bradesco’s name is flashing again after a turbulent run. Now traders are watching to see if buying interest sticks after the cash market bell.
Bradesco shares dropped last week, weighed down after the bank’s 2026 guidance landed below what analysts were looking for. Margin pressures and uncertainties around credit costs kept the spotlight off the headline profit, showing that forward-looking statements can easily overshadow recent results. 1
Bradesco executives offloaded 41,869 non-voting shares in January, pulling in R$771,813.04, according to a Form 6-K filed Wednesday. The board also logged a securities-lending credit for 3,942 non-voting shares worth R$72,059.76. End of period, the filing put the executives’ totals at 68,136 common shares and 10,767,054 non-voting shares. As for the controlling shareholder group, no trades—positions held steady. 2
Bradesco’s preferred shares (BBDC4) closed Wednesday in São Paulo at R$21.54, gaining 2.96%. The stock moved between R$20.99 and R$21.60 over the session, with volume topping 1 billion shares. 3
Bradesco shares are listed in Brazil under BBDC3 for common stock and BBDC4 for preferred. In New York, investors find the bank’s ADRs: BBDO covers the common shares, BBD tracks the preferred. More details on Bradesco’s shares are at 5 .
Bradesco has lined up its annual and special shareholders’ meetings for March 10. U.S. holders of the ADR will be eyeing the March 4 ex-dividend date, with the next earnings report set for April 29. 4
Still, that premarket surge is fragile. Global sentiment can sour in a blink, or shifting bets on Brazil’s rates might reset the mood. Any jitters about credit quality — whether on consumers or companies — tend to drag attention straight back to asset risk. And if insiders sell, even modest amounts, skittish shareholders could bail when conviction’s weak.
Thursday brings a test for BBD: can those early gains hold when markets open? Some are also waiting to see if the filing draws out more questions before the March votes arrive.
Next up: the ADR goes ex-dividend on March 4. Then, March 10 brings shareholder meetings—investors hoping for more clarity on governance and any potential capital decisions.
