Bradesco Stock Is Sliding Despite a Profit Beat — Credit Risk Is Why
Banco Bradesco’s U.S.-listed shares dropped $0.115 to $3.455 Friday after the bank reported a 16.1% rise in recurring net income to R$6.81 billion but a 26.5% jump in loan-loss provisions. Investors reacted to higher credit costs and a 54% profit drop at state-run Banco do Brasil, which also cut its 2026 forecast. The Selic rate remains at 14.50% after two cuts.