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Banco Bradesco
(NYSE:BBDO)
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Rating:58Neutral
Price Target:
$3.00
▼(-0.66% Downside)
Action:Reiterated
Date:10/27/26
The score is driven primarily by mixed financial performance—improving profitability and leverage trends, but elevated leverage and notably volatile cash flow history. Technicals also weigh on the result as the stock trades below all major moving averages despite oversold signals. These negatives are partly offset by attractive valuation (low P/E and high dividend yield) and a generally positive earnings-call outlook, though rising credit costs/NPLs and lower-range guidance cap the upside.
Positive Factors
Capital Strength
The completed BRL 10 billion capital increase and reported CET1 and Level 1 ratios strengthen Bradesco’s capacity to absorb credit losses and support loan growth. A stronger capital base also provides flexibility to invest in technology and pursue opportunities while meeting regulatory requirements.
Negative Factors
Credit Quality Pressure
Higher non-performing loans and credit costs can reduce the benefit of loan growth by increasing provisions and weakening risk-adjusted returns. Pressure in personal loans, cards, agribusiness, SMEs, and guaranteed portfolios suggests asset-quality normalization may remain a material earnings constraint.
Read all positive and negative factors
Positive Factors
Negative Factors
Capital Strength
The completed BRL 10 billion capital increase and reported CET1 and Level 1 ratios strengthen Bradesco’s capacity to absorb credit losses and support loan growth. A stronger capital base also provides flexibility to invest in technology and pursue opportunities while meeting regulatory requirements.
Read all positive factors
Banco Bradesco (BBDO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$31.47B
Dividend Yield10.31%
Average Volume (3M)85.00K
Price to Earnings (P/E)5.9
Beta (1Y)0.42
Revenue Growth29.04%
EPS Growth34.36%
CountryUS
Employees82,095
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.38
Shares Outstanding5,606,747,000
10 Day Avg. Volume88,157
30 Day Avg. Volume84,995
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)0.93
Price to Sales (P/S)0.53
P/FCF Ratio0.64
Enterprise Value/Market Cap4.80
Enterprise Value/Revenue0.43
Enterprise Value/Gross Profit1.57
Enterprise Value/Ebitda0.74
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Banco Bradesco Business Overview & Revenue Model
Company Description
Banco Bradesco S.A., together with its subsidiaries, provides various banking products and services in Brazil and internationally. The company operates in two segments, Banking and Insurance. It engages in banking operations, including investment,...
How the Company Makes Money
Bradesco generates revenue primarily by providing banking and financial services and earning fees for facilitating transactions and distributing financial products. A major source of revenue is net interest income: the bank earns interest and inte...
Banco Bradesco Earnings Call Summary
Earnings Call Date:Oct 22, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Feb 10, 2027
Earnings Call Sentiment Positive
The call was broadly positive, characterized by double-digit loan and revenue growth, strong expansion in targeted secured and corporate portfolios, capital-strength improvement, resilient insurance and treasury contributions, and continued progress in digital transformation and efficiency. The main challenges were portfolio-mix pressure on NIM, higher credit costs and NPLs in specific portfolios, macroeconomic pressure, selected fee-income stagnation, and DCM market weakness. Management remained confident about fourth-quarter growth and the longer-term transformation plan.Positive Updates
BRL 10 Billion Capital Increase Completed
Bradesco completed a capital increase of BRL 10 billion. Management said CET1 was 12.1% and Level 1 capital was 13.7%, providing a solid capital position to continue investing.
Negative Updates
NIM Pressured by Portfolio Mix
Management said the portfolio mix, particularly the growth of large corporates, pressured NIM. NIM was cited at 8.4%, while management said it would have been 9.3% with zero growth in large corporates and 9.3% to 9.4% under the prior third-quarter 2025 mix.
Read all updates
Q3-2026 Updates
Positive
Negative
BRL 10 Billion Capital Increase Completed
Bradesco completed a capital increase of BRL 10 billion. Management said CET1 was 12.1% and Level 1 capital was 13.7%, providing a solid capital position to continue investing.
Read all positive updates
Company Guidance
Management said it will continue to grow NIM and that “in the fourth quarter, we'll see a higher NIM as well”; it expects “a higher” market in client NII in Q4 2026, while NII net of provisions has guidance of “BRL 42 billion-BRL 48 billion in the year,” is “in the lower range,” and has “a slightly better expectation for Q4 as regards our guidance.” Treasury is expected to be “around BRL 3 billion this year,” with “similar numbers in the fourth quarter,” and management said it is “still expecting about 40 points of efficiency” over “the next two to three years.” For FGI and FGO, management said the curve will “probably” decline “in the second quarter or in the third quarter,” while it will continue to grow its loan portfolio where it has risk appetite and “will continue to grow liability, we will grow fee and commissions.”Banco Bradesco Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
56
Neutral
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 351.47B | 311.66B | 249.61B | 254.71B | 239.65B | 157.55B |
| Gross Profit | 96.08B | 89.14B | 78.69B | 68.16B | 82.50B | 93.07B |
| EBITDA | 203.86B | 28.09B | 23.63B | 16.73B | 30.28B | 38.63B |
| Net Income | 26.15B | 23.67B | 17.25B | 14.25B | 21.22B | 23.17B |
Balance Sheet | ||||||
| Total Assets | 2.53T | 2.33T | 2.07T | 1.93T | 1.79T | 1.68T |
| Cash, Cash Equivalents and Short-Term Investments | 152.73B | 254.98B | 476.88B | 522.98B | 367.61B | 394.23B |
| Total Debt | 769.97B | 793.84B | 689.53B | 631.89B | 571.92B | 238.94B |
| Total Liabilities | 2.33T | 2.15T | 1.90T | 1.76T | 1.63T | 1.53T |
| Stockholders Equity | 196.89B | 178.42B | 168.41B | 166.33B | 159.53B | 149.78B |
Cash Flow | ||||||
| Free Cash Flow | 98.34B | 258.03B | -93.62B | -9.32B | 40.36B | -106.41B |
| Operating Cash Flow | 103.03B | 263.05B | -91.33B | -177.63M | 49.77B | -102.00B |
| Investing Cash Flow | -271.75B | -437.05B | -5.01B | 83.61B | -17.78B | -19.31B |
| Financing Cash Flow | 220.05B | 161.17B | 117.88B | -23.06B | 21.92B | -1.61B |
Banco Bradesco Technical Analysis
Negative
3.02
Price Trends
3.26
Negative
3.14
Negative
3.21
Negative
Market Momentum
0.05
Positive
32.25
Neutral
25.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BBDO, the sentiment is Negative. The current price of 3.02 is below the 20-day moving average (MA) of 3.55, below the 50-day MA of 3.26, and below the 200-day MA of 3.21, indicating a bearish trend. The MACD of 0.05 indicates Positive momentum. The RSI at 32.25 is Neutral, neither overbought nor oversold. The STOCH value of 25.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BBDO.
Banco Bradesco Risk Analysis
Banco Bradesco disclosed 42 risk factors in its most recent earnings report. Banco Bradesco reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Banco Bradesco Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $24.72B | 9.31 | 19.85% | 4.06% | 7.13% | -22.31% | |
72 Outperform | $14.87B | 13.33 | 22.63% | 4.68% | 7.69% | 9.88% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $19.46B | 15.82 | 21.49% | 5.65% | 3.94% | 3.40% | |
59 Neutral | $18.35B | 26.84 | 11.81% | 3.06% | 20.73% | 27.11% | |
58 Neutral | $31.47B | 5.90 | 14.24% | 10.31% | 29.04% | 34.36% | |
54 Neutral | $6.21B | 55.06 | 2.13% | 4.67% | 3.21% | -89.45% |
* Financial Sector Average
BBDO
Banco Bradesco
2.76
-0.05
-1.81%
BCH
Banco De Chile
38.73
5.78
17.53%
BSBR
Banco Santander Brasil
4.82
-0.40
-7.70%
BSAC
Banco Santander Chile
31.66
4.43
16.27%
CIB
Grupo Cibest
96.40
42.86
80.05%
GGAL
Grupo Financiero Galicia SA
35.35
-15.21
-30.08%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.