Banco Bradesco (BBD)

• Market cap: $20.8B
• 1 day: 0.00%
• 5 days: 4.26%
• 1 month: 3.16%
• 3 months: -26.32%
• 6 months: -13.66%
• Year to date: 0.00%
• 1 year: -36.77%
• 5 years: -67.06%
• 10 years: -63.50%

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 Q3 regulatory filings by fund managers ($100M+ AUM)

29% more repeat investments, than reductions

Existing positions increased: 98 | Existing positions reduced: 76

23% more capital invested

Capital invested by funds: $1.87B [Q2] → $2.3B (+$435M) [Q3]

1.19% more ownership

Funds ownership: 15.73% [Q2] → 16.91% (+1.19%) [Q3]

2% less funds holding

Funds holding: 241 [Q2] → 235 (-6) [Q3]

12% less first-time investments, than exits

New positions opened: 30 | Existing positions closed: 34

21% less call options, than puts

Call options by funds: $8.05M | Put options by funds: $10.2M

33% less funds holding in top 10

Funds holding in top 10: 6 [Q2] → 4 (-2) [Q3]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $2.30 17% upside
• Avg. target: $2.55 30% upside
• High target: $2.80 43% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

HSBC Carlos Gomez-Lopez 100% 1-year accuracy 3 / 3 met price target	43% upside $2.80	Buy Upgraded	13 Jan 2025
Goldman Sachs Tito Labarta 27% 1-year accuracy 4 / 15 met price target	17% upside $2.30	Buy Maintained	10 Jan 2025