Bradesco stock jumps in New York as Brazil inflation hits target ceiling and rate decision looms
Banco Bradesco ADRs jumped 4.5% to $4.15 in New York trading Tuesday, tracking gains across Brazilian banks after Brazil’s IPCA-15 inflation preview hit 4.50% year-on-year, the top of the target band. Investors await Wednesday’s Copom policy decision and Bradesco’s earnings report on February 5.