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Banco Bradesco (BBD)
NYSE:BBD

Banco Bradesco SA (BBD) AI Stock Analysis

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BBD

Banco Bradesco SA

(NYSE:BBD)

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Outperform 72 (OpenAI - 4o)
Rating:72Outperform
Price Target:
$4.00
▲(16.62% Upside)
Banco Bradesco SA's stock is supported by strong technical indicators and reasonable valuation, despite financial performance challenges related to cash flow and leverage. The positive market momentum and attractive dividend yield enhance the stock's appeal.
Positive Factors
Revenue Growth
Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term financial health.
Strategic Healthcare Expansion
Expanding healthcare partnerships enhances Bradesco's market position in a growing sector, diversifying revenue streams and boosting competitiveness.
Strong Financial Performance
Robust income growth reflects effective cost management and strategic focus, strengthening the bank's financial foundation and market confidence.
Negative Factors
High Leverage
High leverage can increase financial risk and limit flexibility, potentially impacting the bank's ability to navigate economic fluctuations.
Negative Cash Flows
Negative cash flows indicate potential liquidity challenges, which could hinder the bank's ability to invest in growth opportunities and meet obligations.
Operational Margin Fluctuations
Fluctuating margins suggest operational challenges, which may affect profitability and require strategic adjustments to maintain efficiency.

Banco Bradesco SA (BBD) vs. SPDR S&P 500 ETF (SPY)

Banco Bradesco SA Business Overview & Revenue Model

Company DescriptionBanco Bradesco S.A., together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segment, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; debit and business cards; financial and security services; consortium products; auto, personal accident, dental, travel, and life insurance; investment products; pension products; real estate and vehicle auctions; cash management, and foreign trade and exchange services; capitalization bonds; and internet banking services. Banco Bradesco S.A. was founded in 1943 and is headquartered in Osasco, Brazil.
How the Company Makes MoneyBanco Bradesco generates revenue primarily through interest income from its lending operations, which includes personal loans, mortgages, and corporate credit facilities. The bank earns significant fees from its various financial products, such as credit card transactions, asset management fees, and advisory services in investment banking. Additionally, Bradesco's insurance division contributes to its earnings through premiums from life, health, and property insurance policies. The bank's diversified business model allows it to capitalize on multiple revenue streams, while strategic partnerships with other financial entities and technology firms enhance its service offerings and customer reach.

Banco Bradesco SA Earnings Call Summary

Earnings Call Date:Jul 30, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Feb 05, 2026
Earnings Call Sentiment Positive
The earnings call reflects a positive sentiment overall, with significant growth in recurring net income, total revenue, and insurance operations. Although there are challenges such as economic slowdown and issues in private payroll loans, the highlights significantly outweigh the lowlights, indicating strong operational performance and strategic growth initiatives.
Q2-2025 Updates
Positive Updates
Strong Recurring Net Income Growth
Bradesco achieved a recurring net income of BRL 6.1 billion, reflecting a significant 28.6% growth year-over-year, with an ROAE of 14.6%, up 3.2 percentage points year-on-year.
Total Revenue Increase
Total revenue reached BRL 34 billion, up 15.1% year-on-year and 5.2% quarter-on-quarter, demonstrating consistent growth across main revenue streams.
Robust Fee and Commission Income
Fee and commission income increased by over 10% year-on-year and more than 5% quarter-on-quarter, with significant contributions from card income and consortium management.
Insurance Group Performance
Insurance, pension plans, and saving bonds grew 6.5% quarter-on-quarter and 21.7% year-on-year, with strong results across all line items and technical provisions of BRL 425 billion.
Capital Position and Guidance Adjustments
Bradesco's Tier 1 capital ratio is 13%, with a common equity tier of 11.1%. Adjustments were made to guidance for fee and commission income and insurance, indicating strong performance expectations.
Negative Updates
Economic Activity Slowdown
Bradesco noted signs of a slowdown in economic activity, with expectations of slower demand in the second half of the year due to high interest rates.
Challenges in Private Payroll Loans
The private sector payroll deductible loans faced process inefficiencies, with market delinquency rates higher than 16%, affecting growth in this segment.
Operating Expense Growth
Operating expenses increased, attributed to investments in technology and transformation initiatives. While controlled, the expenses grew at the same pace as inflation.
Company Guidance
In the earnings call for the second quarter of 2025, Bradesco reported a recurring net income of BRL 6.1 billion, reflecting a 28.6% growth year-over-year, with a Return on Average Equity (ROAE) of 14.6%, which is an increase of 3.2 percentage points from the previous year. The bank's total revenue reached BRL 34 billion, marking a 15.1% rise year-over-year and a 5.2% increase quarter-on-quarter. The net interest income (NII) showed significant growth, with a year-on-year increase of nearly 16% and a quarter-on-quarter rise of 4.7%. The insurance sector also performed well, with growth of 21.7% year-over-year. The loan portfolio expanded to BRL 1.018 trillion, representing a growth of 11.3% year-over-year. The bank highlighted its strategic focus on utilizing Generative AI to enhance productivity and efficiency across various departments, contributing to its consistent performance despite a challenging macroeconomic environment. The operating expenses were kept under control, growing by only 5.8% year-over-year, which is in line with inflation. The bank's strategic initiatives include a focus on secured loans and government-backed programs, and an emphasis on technological advancements to drive future growth and efficiency improvements.

Banco Bradesco SA Financial Statement Overview

Summary
Banco Bradesco SA demonstrates strong revenue growth and profitability, but faces challenges with high leverage and negative cash flows. The company needs to address its cash flow issues to ensure long-term financial stability while maintaining its growth trajectory.
Income Statement
75
Positive
Banco Bradesco SA has shown a solid revenue growth rate of 6.71% in the TTM, indicating a positive trajectory in income generation. The gross profit margin and net profit margin are healthy, reflecting efficient cost management and profitability. However, the EBIT and EBITDA margins have seen fluctuations, suggesting some operational challenges.
Balance Sheet
68
Positive
The company's debt-to-equity ratio is relatively high at 4.26, indicating significant leverage, which could pose risks in volatile markets. However, the return on equity is strong at 12.38%, showcasing effective use of equity to generate profits. The equity ratio is moderate, suggesting a balanced asset structure.
Cash Flow
55
Neutral
The cash flow situation is concerning, with negative operating and free cash flows in the TTM. The free cash flow to net income ratio is high, indicating reliance on non-operational sources for cash generation. The negative free cash flow growth rate further highlights potential liquidity challenges.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue293.70B249.61B254.71B239.65B157.55B130.94B
Gross Profit87.18B78.69B68.16B82.50B93.07B63.66B
EBITDA25.58B23.63B16.73B30.28B38.63B10.00B
Net Income21.32B17.25B14.25B21.22B23.17B15.84B
Balance Sheet
Total Assets2.20T2.07T1.93T1.79T1.68T1.60T
Cash, Cash Equivalents and Short-Term Investments265.44B292.77B41.54B28.55B21.28B23.85B
Total Debt747.48B689.53B359.49B338.99B284.55B181.72B
Total Liabilities2.03T1.90T1.76T1.63T1.53T1.46T
Stockholders Equity175.64B168.41B166.33B159.53B149.78B145.62B
Cash Flow
Free Cash Flow-105.59B-93.62B-9.32B32.35B-106.41B138.17B
Operating Cash Flow-97.84B-91.33B-177.63M41.77B-102.00B142.43B
Investing Cash Flow59.17B-5.01B83.61B-17.78B-19.31B20.46B
Financing Cash Flow51.73B117.88B-23.06B21.92B-1.61B-36.41B

Banco Bradesco SA Technical Analysis

Technical Analysis Sentiment
Positive
Last Price3.43
Price Trends
50DMA
3.44
Positive
100DMA
3.30
Positive
200DMA
2.97
Positive
Market Momentum
MACD
0.03
Negative
RSI
59.23
Neutral
STOCH
58.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BBD, the sentiment is Positive. The current price of 3.43 is above the 20-day moving average (MA) of 3.39, below the 50-day MA of 3.44, and above the 200-day MA of 2.97, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 59.23 is Neutral, neither overbought nor oversold. The STOCH value of 58.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BBD.

Banco Bradesco SA Risk Analysis

Banco Bradesco SA disclosed 42 risk factors in its most recent earnings report. Banco Bradesco SA 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 SA Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
72
Outperform
$34.53B9.9711.78%2.48%5.89%34.68%
71
Outperform
$19.95B15.8521.29%5.56%-11.64%-8.75%
71
Outperform
$19.46B19.3817.06%10.29%-6.79%16.13%
69
Neutral
$15.84B14.0624.13%4.29%12.43%56.30%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
65
Neutral
$6.18B21.437.66%2.37%-55.81%-78.94%
64
Neutral
$23.11B21.859.34%4.98%1.13%-11.93%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
BBD
Banco Bradesco SA
3.53
1.68
90.91%
BCH
Banco De Chile
40.11
17.34
76.15%
BMA
Banco Macro SA
92.67
-8.27
-8.19%
BSBR
Banco Santander Brasil
6.13
2.14
53.71%
BSAC
Banco Santander Chile
33.31
14.53
77.37%
CIB
Grupo Cibest
75.75
46.53
159.24%

Banco Bradesco SA Corporate Events

Banco Bradesco Discloses Minimal Insider Share Dealings for December 2025
Jan 12, 2026

In a Form 6-K filed for January 2026, Banco Bradesco reported that in December 2025 there were no transactions in securities and derivatives involving its controlling shareholder group and their dependants, and that the group’s holdings in Bradesco’s common and non-voting shares remained unchanged over the month. Over the same period, members of the Board of Directors and their families executed a modest sale of 57,095 non-voting shares of Banco Bradesco through broker Ágora C.T.V.M. S/A, reducing their stake slightly, while their common share position was unchanged and Bradesco Leasing’s board and related parties reported no shareholdings or transactions, underscoring limited insider trading activity and stable ownership structures at year-end 2025.

The most recent analyst rating on (BBD) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Banco Bradesco SA stock, see the BBD Stock Forecast page.

Banco Bradesco Approves R$3.9 Billion Supplementary Interest on Shareholders’ Equity for 2025
Dec 19, 2025

On December 18, 2025, Banco Bradesco’s board of directors approved a substantial supplementary interest on shareholders’ equity totaling R$3.9 billion, equivalent to R$0.351190748 per common share and R$0.386309823 per preferred share, with shareholders of record on December 29, 2025 entitled to the payment and the shares trading ex-rights from December 30, 2025. Net of withholding tax, these amounts will be paid by July 31, 2026 and, together with monthly and interim interest on equity already paid or declared for 2025, bring total interest on equity for the year to about R$14.5 billion, underscoring Bradesco’s robust capital position and shareholder-return policy while these distributions count toward the mandatory dividend for the fiscal year.

The most recent analyst rating on (BBD) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Banco Bradesco SA stock, see the BBD Stock Forecast page.

Banco Bradesco Sets 2026 Monthly Interest-on-Equity Payment Schedule
Dec 19, 2025

On December 18, 2025, Banco Bradesco S.A. announced its planned 2026 monthly interest on shareholders’ equity schedule, setting declaration, ex-right and payment dates from January 2026 through January 4, 2027, for holders of common and preferred shares. The bank fixed gross monthly distributions at R$0.017249826 per common share and R$0.018974809 per preferred share (with net amounts after 15% withholding tax for most investors), detailed operational procedures for payments via custodians and bank accounts, and instructed shareholders with outdated registration data to update their information at Bradesco branches, signaling continuity of its existing monthly remuneration policy while reserving the right to adjust dates or amounts if needed.

The most recent analyst rating on (BBD) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Banco Bradesco SA stock, see the BBD Stock Forecast page.

Banco Bradesco Reports November 2025 Share Transactions
Dec 12, 2025

In November 2025, Banco Bradesco S.A. reported no operations involving securities and derivatives for its administration and family dependents. However, the Board of Directors conducted several transactions involving non-voting shares, resulting in a total sale of 53,290 shares, amounting to R$1,018,897.68. This activity reflects the company’s ongoing management of its shareholdings and could impact its financial strategy and shareholder value.

The most recent analyst rating on (BBD) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Banco Bradesco SA stock, see the BBD Stock Forecast page.

Banco Bradesco Announces 2026 Corporate Events Calendar
Dec 11, 2025

Banco Bradesco S.A. has released its annual calendar of corporate events for the year 2026, detailing key dates for financial disclosures and shareholder meetings. The announcement outlines the schedule for the release of financial statements, governance information, and quarterly reports, which are crucial for stakeholders to track the company’s financial health and strategic direction.

The most recent analyst rating on (BBD) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Banco Bradesco SA stock, see the BBD Stock Forecast page.

Banco Bradesco’s October 2025 Securities Transactions Update
Nov 12, 2025

In October 2025, Banco Bradesco S.A. reported no operations involving securities and derivatives for some of its administration and family dependents. However, the Board of Directors engaged in significant transactions involving non-voting shares, purchasing and selling substantial quantities through Ágora C.T.V.M. S/A. These activities reflect the bank’s strategic financial maneuvers, potentially impacting its market position and stakeholder interests.

The most recent analyst rating on (BBD) stock is a Buy with a $3.50 price target. To see the full list of analyst forecasts on Banco Bradesco SA stock, see the BBD Stock Forecast page.

Banco Bradesco Expands Healthcare Partnership with Rede D’Or
Nov 10, 2025

On November 10, 2025, Banco Bradesco S.A. announced that its indirectly controlled investment company, Atlântica Hospitais e Participações, S.A., signed an Investment Agreement with Rede D’Or São Luiz S.A. Group to include Maternidade São Luiz Star in the ‘Atlântica D’Or’ structure. This expansion, part of a partnership initially disclosed in May 2024, aligns with Atlântica’s strategy to invest in the healthcare value chain. The transaction, which maintains the current ownership structure, is pending regulatory approvals and is expected to enhance Bradesco’s positioning in the healthcare sector.

The most recent analyst rating on (BBD) stock is a Buy with a $3.50 price target. To see the full list of analyst forecasts on Banco Bradesco SA stock, see the BBD Stock Forecast page.

Banco Bradesco Reports Strong Q3 2025 Financial Results
Oct 30, 2025

Banco Bradesco S.A. reported strong financial performance for the third quarter of 2025, with a recurring net income of R$6.2 billion, marking an increase of 2.3% quarter-over-quarter and 18.8% year-over-year. The bank’s revenue reached R$35.0 billion, driven by growth in net interest income, fee and commission income, and insurance operations. The bank maintained stable delinquency rates and improved its credit portfolio quality while continuing its transformation plan to enhance competitiveness and sustainability efforts. Bradesco’s strategic focus on risk-adjusted returns and operational efficiency has resulted in a robust capital position and a stable efficiency ratio.

The most recent analyst rating on (BBD) stock is a Buy with a $3.50 price target. To see the full list of analyst forecasts on Banco Bradesco SA stock, see the BBD Stock Forecast page.

Banco Bradesco S.A. Reports Strong Q3 2025 Financial Performance and Strategic Expansion
Oct 30, 2025

In the third quarter of 2025, Banco Bradesco S.A. reported significant financial and strategic developments. The bank revised its 2025 income projections upwards for fee and commission income as well as income from insurance and pension plans. Additionally, Bradesco expanded its partnership with Rede D’Or São Luiz S.A. by including Hospital Glória D’Or in its network, reflecting its strategy to invest in the health sector. The bank also approved a substantial interest payment on equity, showcasing its strong financial performance. Bradesco continues to advance its digital transformation, leveraging artificial intelligence to improve customer service and operational efficiency, while introducing new features in its digital banking platforms to enhance user convenience and security.

The most recent analyst rating on (BBD) stock is a Buy with a $3.50 price target. To see the full list of analyst forecasts on Banco Bradesco SA stock, see the BBD Stock Forecast page.

Banco Bradesco Reports Strong Q3 2025 Performance with Strategic Growth Initiatives
Oct 30, 2025

In the third quarter of 2025, Banco Bradesco SA reported a recurring net income of R$6.2 billion, marking an 18.8% increase year-over-year, driven by strong performances across net interest income, fee and commission income, and insurance operations. The bank’s total revenue rose to R$35.0 billion, with a notable expansion in its loan portfolio, particularly in the MSME and individual segments. Bradesco continued its transformation plan, enhancing client services and focusing on sustainable financing, achieving its socio-environmental target by allocating R$350 billion to beneficial sectors by the end of September 2025. The bank maintained a stable delinquency ratio and robust capital ratios, underscoring its competitive positioning and commitment to long-term growth.

The most recent analyst rating on (BBD) stock is a Buy with a $3.50 price target. To see the full list of analyst forecasts on Banco Bradesco SA stock, see the BBD Stock Forecast page.

Banco Bradesco’s September 2025 Share Transactions Unveiled
Oct 14, 2025

In September 2025, Banco Bradesco S.A. reported no operations involving securities and derivatives for its administration and family dependents. However, the Board of Directors engaged in several transactions involving non-voting shares, purchasing a total of 972,701 shares valued at approximately R$17.15 million. This activity reflects the bank’s strategic decisions regarding its shareholding structure and may impact its market positioning and stakeholder interests.

The most recent analyst rating on (BBD) stock is a Buy with a $22.00 price target. To see the full list of analyst forecasts on Banco Bradesco SA stock, see the BBD Stock Forecast page.

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.Date of analysis: Nov 27, 2025