Banco Bradesco Stock Falls as AI Push Meets Credit-Cost Test in Brazil
Bradesco’s preferred shares fell 2.31% in São Paulo on Monday, trading at 18.12 reais after the bank reported a 16.1% jump in first-quarter recurring net income to 6.811 billion reais and a 26.5% rise in loan-loss provisions. The bank highlighted new technology initiatives, including its AI platform Bridge, as key to future growth.