Banco Bradesco S.A. (BVMF:BBDC4) shares drop under rights issue price amid credit cost pressures

Preferred shares of Banco Bradesco finished Friday beneath the price set for its capital offering. What was meant to be a 6% discount on subscriptions instead turned into a 1.9% premium. The Brazilian cash market was not open at the time of publication due to the weekend.

Bradesco (BVMF:BBDC4) up 3.4% on the day as holders see 5.3% gross return

Bradesco (BVMF:BBDC4) up 3.4% on the day as holders see 5.3% gross return

Banco Bradesco S.A. investors with preferred shares on July 3 who held through Friday got a nominal gross return of around 5.3%. That’s the share move plus the payout, compared to the straight price gain of 3.4% from close-to-close. The stock closed at R$18.86 on July 10, up from R$18.24. Holders picked up R$0.346894939 a share in interest on shareholders’ equity, or JCP, Bradesco's cash return to holders. Net JCP after 17.5% withholding is R$0.286188324, putting the net total return near 5.0%. Bradesco said it will pay by Jan. 29, 2027.

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