Banco BradescoBBD
About: Banco Bradesco is Brazil's second-largest private bank, with about 15% of deposits, and the largest insurance provider in Brazil, with roughly 20%-25% market share. The bank is majority controlled by the Bradesco foundation—a private nonprofit institution focused on education. Banking provides roughly 70% of profits, while the insurance segment contributes the remaining 30%. The bank is also a major asset manager with high-single-digit market share. In 2016, Bradesco acquired the Brazilian operations of HSBC.
Employees: 86,222
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
20% more funds holding in top 10
Funds holding in top 10: 5 [Q1] → 6 (+1) [Q2]
0% less funds holding
Funds holding: 240 [Q1] → 239 (-1) [Q2]
0.59% less ownership
Funds ownership: 16.24% [Q1] → 15.65% (-0.59%) [Q2]
4% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 28
11% less repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 95
25% less capital invested
Capital invested by funds: $2.46B [Q1] → $1.86B (-$604M) [Q2]
55% less call options, than puts
Call options by funds: $3.62M | Put options by funds: $8.03M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Goldman Sachs Tito Labarta 33% 1-year accuracy 5 / 15 met price target | 21%upside $3.20 | Buy Maintained | 20 Aug 2024 |
