Banco Bradesco (ADR)
Runs nationwide banking and insurance franchises through branch, digital and acquisition-built distribution.
Something off on this page? Send us feedback.
Profile
Provides banking, credit, investment and insurance services across Brazil through two reportable segments. Nationwide distribution combines branches with digital channels, while acquisitions expanded the franchise and foundation-linked holdings control the voting common shares behind the preferred ADS structure.
Provides retail, middle-market and corporate banking across Brazil, alongside leasing, investment banking, private banking, asset management and consortium administration. Insurance covers life, pensions, health, non-life policies and capitalization bonds.
Built nationwide reach through branch expansion, acquisitions, and successive electronic and digital channels. A mass-market service model dating to 1943 now pairs physical branch distribution with internet, mobile and AI-enabled tools.
Operates under Brazilian banking, competition and data rules, with disclosed U.S. compliance obligations for advisory affiliates. Foundation-linked holdings control the common shares, while BBD represents preferred-share ADSs that ordinarily lack meeting votes.
Company facts
Categories
Key statistics
Year to date −3.3% · Average volume (30d) 28.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating |
|---|---|---|---|---|
| Oct 14, 2025 | Goldman Sachs | Upgrade | Sell | Neutral |
| May 28, 2025 | Citigroup | Upgrade | Neutral | Buy |
| May 8, 2025 | B of A Securities | Upgrade | Neutral | Buy |
| Feb 12, 2025 | Goldman Sachs | Downgrade | Buy | Sell |
| Jan 13, 2025 | HSBC Securities | Upgrade | Hold | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.13 | $0.13 | 0.0% | $7.21B | $7.36B | +2.0% | −2.01% |
| May 6, 2026Q1 FY26 | $0.12 | $0.12 | 0.0% | $7.06B | $7.50B | +6.2% | −3.11% |
| Feb 5, 2026Q4 FY25 | $0.11 | $0.11 | 0.0% | $6.57B | $6.91B | +5.1% | −0.50% |
| Oct 29, 2025Q3 FY25 | $0.11 | $0.09 | −18.2% | $6.68B | $15.12B | +126.2% | −3.69% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $13.49B | $14.70B | $15.50B | $16.24B | $17.04B | $16.79B | |
| Gross profit | $4.36B | $4.34B | $4.05B | $4.43B | $4.87B | $4.60B | |
| Operating income | $1.16B | $831.7M | $937.6M | $1.10B | $1.50B | $1.41B | |
| Net income | $1.08B | $1.17B | $1.06B | $1.25B | $994.7M | $1.37B | |
| Diluted EPS | $0.10 | $0.11 | $0.10 | $0.12 | $0.09 | $0.12 | |
| Gross margin | 32.3% | 29.5% | 26.1% | 27.3% | 28.6% | 27.4% | |
| Operating margin | 8.6% | 5.7% | 6.0% | 6.8% | 8.8% | 8.4% |
Fiscal years (4-quarter sums)FY21 $30.27B · FY22 $45.71B · FY23 $49.27B · FY24 $47.90B · FY25 $59.94B
Balance sheet, Jun 30, 2026Cash & short-term investments $52.22B · Total debt $154.68B · Total assets $474.28B · Shareholders' equity $34.83B
Dividends
Last cut to $0.0037 from $0.067 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 5, 2026 | Aug 5 | Sep 9 | $0.0037 | cut from $0.067 |
| Jul 7, 2026 | Jul 7 | Feb 8 | $0.067 | raised from $0.0037 |
| Jul 6, 2026 | Jul 6 | Aug 13 | $0.0037 | |
| Jun 3, 2026 | Jun 3 | Jul 9 | $0.0037 | cut from $0.0038 |
| May 6, 2026 | May 6 | Jun 8 | $0.0038 | cut from $0.0569 |
| Apr 8, 2026 | Apr 8 | Nov 9 | $0.0569 | raised from $0.0038 |
| Apr 6, 2026 | Apr 6 | May 14 | $0.0038 | raised from $0.0036 |
| Mar 4, 2026 | Mar 4 | Apr 8 | $0.0036 | cut from $0.0037 |
Ownership
Shares outstanding 10.58B · Float 7.47B
Insiders — filings are in the shares behind the receipt.
This issuer lists more than one class and the share count spans them all, so a stake here reads as a share of the whole company, not of this class.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % of company | Form | Filed |
|---|---|---|---|---|
| Aquamarine Financial (Cayman) Ltd | 186.95M | 1.77% | 13F | Aug 12, 2026 |
| Wellington Management Group LLP | 73.50M | 0.69% | 13F | Aug 14, 2026 |
| Arga Investment Management, LP | 70.72M | 0.67% | 13F | Jul 31, 2026 |
| Arrowstreet Capital, Limited Partnership | 70.72M | 0.67% | 13F | Aug 13, 2026 |
| Goldman Sachs Group Inc | 61.52M | 0.58% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Miranda Jose Augusto Ramalho | officer: Executive Officer | −6,377 | $16.61 |
| Aug 13, 2026 | Miranda Jose Augusto Ramalho | officer: Executive Officer | −9,360 | $0.0600 |
| Jul 1, 2026 | Julio Cesar Bueno | officer: CLO and Executive Officer | +110,441 | $18.10 |
| Jun 24, 2026 | Jose Ramos Rocha Neto | officer: Vice President Officer | +57 | $17.68 |
| Jun 1, 2026 | Mauricio Machado de Minas | officer: Board Member | −29,800 | $17.56 |
Peers
- Itaú Unibanco (ADR)
Broad overlap across Brazilian banking, cards, investments, and insurance
- Santander Brasil (ADR)
National banking rival spanning retail, auto finance, wealth, and insurance
- Nu
Digital challenger across accounts, deposits, cards, loans, and investments
- XP
Investment-platform rival expanding into wealth, pensions, credit, and insurance
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Banco Bradesco (ADR) | $3.28 | +0.92% | $34.37B | 7.5 | 7.4 | 0.5 | −47.8% |
| Itaú Unibanco (ADR) | $7.50 | +0.13% | $82.66B | 9.6 | 9.9 | — | −51.6% |
| Santander Brasil (ADR) | $5.81 | −0.17% | $43.50B | 10.8 | 9.1 | 1.1 | −54.6% |
| Nu | $14.32 | +0.21% | $69.26B | 19.3 | 14.4 | 3.6 | +66.0% |
| XP | $17.66 | +0.01% | $9.24B | 9.1 | 9.9 | 2.5 | +16.7% |
| Median | 10.2 | 9.9 | 2.5 | −17.4% |