Banco Bradesco S.A. research snapshot
BBDO AI stock analysis as of the August 2, 2026 data cutoff reads Banco Bradesco as an improving Brazilian financial franchise whose common ADR closed at $3.44 on July 31, 2026, up 6.50% on the day, with a reported market capitalization near $35.77 billion, re-verified during this full refresh as $3.44 times 10.57 billion shares for a calculated $36.36 billion, a 1.65% difference that is within the acceptable range. The Q1 2026 results, reported May 7, 2026, delivered recurring net income of R$6.811 billion, up 16.1% year over year for a ninth consecutive quarter of growth, with total revenue up 14.0% and ROAE at 15.8%. On July 29, 2026, Bradesco approved a capital increase of up to R$10 billion at R$15.43 per common share and R$17.64 per preferred share, with a firm commitment from controlling shareholders for up to R$8 billion, a preemptive rights period from August 6 to September 4, 2026, and an estimated 0.9 percentage point addition to its common equity ratio. The stock now trades at 8.03x trailing earnings and 6.16x forward earnings on StockAnalysis, 1.04x book value, and a 5.01% dividend yield, while 14-day RSI near 70 signals overbought conditions after a 36.51% 52-week gain. The page presents a scenario framework, not a certain price prediction, and is for information only.
Current price
$3.44 at the July 31, 2026 close
Market cap
$35.77 billion reported market capitalization
AI score
64 / 100
Rating
Improving Brazilian banking franchise with strong revenue momentum, higher profitability, and a repaired uptrend, balanced against a dilutive capital increase, an overbought chart, and Brazilian macro and credit risk
Trend status
Bullish above the 20-day, 50-day, 100-day, and 200-day moving averages, with near-term momentum extended
Data cutoff (updated monthly)
August 4, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | Bradesco earns from retail and commercial banking, consumer finance, cards and payments, insurance, pensions, capitalization products, investments, asset management, cash management, and wholesale banking. Q1 2026 total revenue of R$36.9 billion grew 14.0% year over year, driven by net interest income, fees, and insurance. | High |
| Moat | Banking licenses, a long-established brand, deposits, distribution, transaction data, risk systems, payments infrastructure, insurance relationships, and scale form the moat. Incumbent banks, digital banks, fintechs, and price-sensitive consumers limit pricing power. | Medium-high |
| Management | Management is pursuing a profitability recovery through customer focus, technology, efficiency, and risk discipline. Q1 2026 delivered a ninth consecutive quarter of recurring net income growth, cost-to-income of 46.9%, and a higher ROAE of 15.8%, but the R$10 billion capital increase announced July 29, 2026 adds execution and dilution questions. | Medium |
| Financial trend | FY2025 IFRS net income was R$23.925 billion versus R$17.542 billion in FY2024. Bradesco reported R$6.811 billion recurring net income and 15.8% ROAE in Q1 2026, with total revenue up 14.0%, cost-to-income at 46.9%, and full-year 2026 guidance of 8.5% to 10.5% loan growth and net interest income net of provisions of R$42 billion to R$48 billion. | High |
| Valuation | Using the $3.44 July 31, 2026 BBDO close, $0.42 trailing EPS, $3.26 book value per ADR, and $0.17 annual dividend, financial_rigor.py calculates 8.19x PE, 1.06x PB, and a 4.94% dividend yield, close to StockAnalysis figures of 8.03x, 1.04x, and 5.01%. The multiple has expanded as the stock rallied 36.51% over 52 weeks. | High |
| Technical trend | BBDO closed at $3.44 on July 31, 2026, above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, with 14-day RSI near 70.02 and 14-day ADX near 21.74. The trend is bullish but extended after a 6.50% one-day gain. | Medium |
| Risk level | Risk is elevated by the pending R$10 billion capital increase, Brazil rates near 14.75% Selic, consumer and corporate credit losses, provisioning, funding, regulation, currency translation, an overbought technical chart, and changes in investor risk appetite for emerging-market financials. | High |
| AI confidence | Historical filings, the Q1 2026 press release, the July 29, 2026 capital increase filing, and calculation inputs are well documented and cross-validated. Forecast confidence is lower because AI cannot know future credit costs, policy, currency moves, capital increase subscription, results, or valuation multiples. | High data confidence |
| Investment certainty | BBDO is not an automatic buy at $3.44 after a strong run. A stronger case needs evidence that recurring returns, credit quality, capital, and earnings conversion keep improving while the stock digests the capital increase and the overbought technical condition. | Medium-low |
BBDO AI stock forecast
The BBDO AI stock forecast uses the July 31, 2026 ADR close of $3.44, trailing EPS of $0.42, and a three-year scenario calculation audited with financial_rigor.py. It produces bearish, base, and bullish values near $2.5, $4.0, and $5.7 before dividends, using 2%, 8%, and 15% EPS growth and 6x, 8x, and 9x exit multiples. These ranges are not price promises and assume the capital increase is fully absorbed without additional dilution.
$5 to $6
More likely if EPS compounds near 15%, recurring profitability improves, credit costs stay contained, the real is supportive, investors pay about 9x earnings, and the R$10 billion capital increase is fully subscribed and funds growth rather than just balance sheet repairs.
$3.5 to $4.5
More likely if EPS grows near 8%, credit expansion stays selective, returns improve gradually, the ADR is valued near 8x earnings, and the capital increase dilutes per-share figures only modestly after preemptive rights.
$2 to $2.5
More likely if delinquencies and provisions rise, margins or fees weaken, macro conditions deteriorate, the real depreciates, capital pressure increases, the capital increase discounting pressures the price, or the multiple falls toward 6x earnings.
BBDO AI technical analysis
BBDO AI technical analysis is bullish but extended as of the August 2, 2026 data cutoff. The stock closed at $3.44 on July 31, 2026, above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, with 14-day RSI near 70.02 and 14-day ADX near 21.74. A 52-week high of $3.80 remains the key overhead reference.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $3.44 | NYSE common ADR close on July 31, 2026, up 6.50% on the day, per StockAnalysis.com real-time quote; market cap math uses 10.57 billion shares outstanding. |
| Near support | $3.20 to $3.28 | The 5-day moving average near $3.28 and the 100-day moving average near $3.23 as of July 31, 2026 form the first pullback zone below the current price. |
| Next support | $3.07 to $3.21 | The 50-day moving average near $3.07 and the 200-day near $3.21 on July 31, 2026 form a support cluster, per Barchart and StockAnalysis. |
| Near resistance | $3.44 to $3.80 | The immediate upside is the open air between the current price and the 52-week high of $3.80, a reference area rather than a target. |
| 50-day moving average | $3.07 to $3.08 | Barchart reported the 50-day moving average near $3.07 and StockAnalysis near $3.08 on July 31, 2026. |
| 200-day moving average | $3.21 | Barchart and StockAnalysis both reported the 200-day trend line near $3.21, below the current price and confirming the longer-term uptrend. |
| Momentum | RSI near 70, ADX near 22 | 14-day RSI was near 70.02 on Barchart, overbought, and 14-day ADX near 21.74 showed a building trend after the July 31 breakout. |
| Volume | About 74,000 daily, 98,900 20-day average | StockAnalysis listed July 31 volume near 74,462 with a 20-day average near 98,944, and Barchart listed the 20-day average near 98,905, useful for judging breakout quality. |
| Volatility | Elevated near earnings and news | Barchart reported 14-day historical volatility near 33.86% and 9-day near 36.19%, so position sizing should account for sharp moves around results, rate decisions, and the August 6 to September 4 capital increase subscription window. |
| Invalidation | Close below $3.20 | A decisive close back below the 5-day and 100-day moving average zone near $3.20 to $3.28 would cool the short-term trend; a close below the 50-day near $3.07 would weaken the repair. |
BBDO AI trading strategy
The BBDO AI trading strategy below is a research framework, not personal advice. It combines price behavior with recurring profit, ROAE, credit costs, delinquencies, provisions, margins, fees, deposits, capital, the R$10 billion capital increase calendar, Brazilian macro data, and the real-dollar exchange rate.
Wait for BBDO to hold above the 20-day moving average near $3.17 and the 50-day near $3.07, with volume confirmation on any push toward the $3.80 high, while Q2 2026 results due August 5, 2026 support stable credit costs, margins, and return on equity.
A daily close back below the 20-day moving average or a failed attempt at the 52-week high should trigger a stop and review. Treat the 14-day RSI near 70 as a caution flag for chasing strength.
If the ADR pulls back toward the $3.20 to $3.28 zone or the $3.07 to $3.21 support cluster without material deterioration in asset quality, compare updated earnings, book value, dividends, capital, provisions, and Brazil macro conditions with the current price.
A lower price is not automatically value. Avoid averaging down if credit losses, funding conditions, rate expectations, the real, or the capital increase discounting are deteriorating.
Track recurring net income, ROAE, net interest income, fees, insurance contribution, efficiency, loan growth, NPLs, credit-cost ratio, deposits, capital ratios, dividends, Brazilian rates, inflation, employment, USD/BRL, and the subscription progress and dilution of the R$10 billion capital increase.
Position sizing should reflect Brazilian banking, currency, common-share rights, and regulatory risk rather than relying on one valuation multiple or dividend yield, and should be reassessed when the capital increase closes.
Investment research summary
Customers pay Bradesco to save, borrow, pay, insure, invest, finance purchases, manage cash, and access consumer, business, and wholesale financial services. The group monetizes long-running customer relationships across banking and insurance, with Q1 2026 total revenue up 14.0% year over year.
Its moat comes from brand trust, licenses, deposits, distribution, transaction data, payments and risk infrastructure, insurance relationships, and scale. The moat is moderated by Brazilian bank competition, fintech adoption, and customers who can compare products digitally.
The thesis can fail if high rates, inflation, or weak employment produce greater credit losses, provisions rise faster than income, margins compress, funding costs rise, the real weakens, regulation changes, digital competitors take profitable customers, or the R$10 billion capital increase dilutes per-share returns and pressures the ADR.
Management is pursuing a profitability recovery through customer focus, technology, efficiency, and risk discipline. The key question is whether the ninth consecutive quarter of recurring income growth and 15.8% ROAE can persist through the capital increase while preserving underwriting quality, capital, and customer retention through a volatile macro cycle.
Brazilian digital banking, instant payments, financial inclusion, insurance, wealth services, and formal credit support long-term demand. The sector remains capital intensive, regulated, cyclical, and exposed to rates, inflation, employment, government policy, and fintech competition.
A sub-book multiple around 1.04x price to book and a trailing PE near 8x can offer a margin of safety only if earnings, credit quality, capital, and dividend capacity remain durable. After a 36.51% 52-week gain and with the capital increase pending, the margin of safety is thinner than it was in mid-2026.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| BBDO common ADR identity and rights | BBDO is Bradesco’s NYSE common-share ADR with a 1:1 ordinary-share to ADR ratio. Common shares have voting rights and 100% tag-along rights; Bradesco states that preferred shares receive dividends 10% higher than common shares and have 80% tag-along rights. | Banco Bradesco investor relations; Bradesco ADR and shares page | August 2, 2026 |
| BBDO ADR quote and market capitalization | $3.44 at the July 31, 2026 close, up 6.50%, with 10.57 billion shares outstanding and a reported market cap of $35.77 billion. financial_rigor.py calculates $36.36 billion from $3.44 x 10.57 billion shares, a 1.65% difference within the acceptable range. | StockAnalysis.com BBDO quote and statistics; Pineify financial_rigor.py | August 2, 2026 |
| Q1 2026 recurring profitability | Recurring net income of R$6.811 billion, up 16.1% year over year for a ninth consecutive quarter of growth, with 15.8% ROAE, 46.9% cost-to-income, and book net income of R$5.030 billion after a R$1.781 billion non-recurring tax item. | Banco Bradesco Q1 2026 press release (Form 6-K) | May 7, 2026 |
| Q1 2026 revenue drivers | Total revenue of R$36.9 billion up 14.0% year over year, net interest income of R$20.051 billion up 16.4%, fee and commission income of R$10.373 billion up 6.2%, insurance income of R$6.384 billion up 20.4%, and expanded loan portfolio of R$1,090 billion up 8.4%. | Banco Bradesco Q1 2026 press release (Form 6-K) | May 7, 2026 |
| 2026 full-year guidance | Expanded loan portfolio growth of 8.5% to 10.5%, net interest income net of provisions of R$42 billion to R$48 billion, fee and commission income growth of 3% to 5%, operating expense growth of 6% to 8%, and insurance, pension, and capitalization bond income growth of 6% to 8%. | Banco Bradesco Q1 2026 press release (Form 6-K) | May 7, 2026 |
| Capital increase approved July 29, 2026 | Capital increase of up to R$10 billion at R$15.43 per common share and R$17.64 per preferred share, with a firm commitment from controlling shareholders for up to R$8 billion, a preemptive rights period from August 6 to September 4, 2026, and an estimated 0.9 percentage point addition to the common equity ratio. | Banco Bradesco July 29, 2026 Form 6-K | July 29, 2026 |
| Capital ratios Q1 2026 | Basel total ratio of 14.9%, Tier I ratio of 12.0%, and common equity ratio of 10.2% as of March 31, 2026; on a pro forma basis including the Bradsaude consolidation the ratios were 17.4%, 14.5%, and 12.7% respectively. | Banco Bradesco Q1 2026 press release (Form 6-K) | May 7, 2026 |
| FY2025 IFRS income and assets | R$23.925 billion IFRS net income and R$2.330 trillion total assets. StockAnalysis.com reports FY2025 net income of R$23.673 billion and the company reports R$23.925 billion, a 0.53% difference with the company figure used as primary. | Banco Bradesco 2025 IFRS 6-K; StockAnalysis.com financials | August 2, 2026 |
| FY2024 IFRS income | FY2024 IFRS net income of R$17.542 billion, used as the comparison base for the FY2025 recovery. | Banco Bradesco 2025 IFRS 6-K | August 2, 2026 |
| Valuation check | 8.03x trailing PE, 6.16x forward PE, 1.04x price to book, 1.18x price to tangible book, 2.04x price to sales, and 13.37% return on equity using the $3.44 price. | StockAnalysis.com BBDO statistics | August 2, 2026 |
| financial_rigor.py valuation verification | 8.19x trailing PE, 1.06x price to book, and 4.94% dividend yield calculated from $3.44 price, $0.42 EPS, $3.26 book value per share, and $0.17 dividend, close to the StockAnalysis figures of 8.03x, 1.04x, and 5.01%. | Pineify financial_rigor.py using StockAnalysis inputs | August 2, 2026 |
| TTM income statement and balance sheet | Trailing twelve-month revenue of $17.57 billion, net income of $4.46 billion, EPS of $0.42, cash of $67.73 billion, total debt of $162.76 billion, and book value of $34.56 billion per StockAnalysis S&P Global classification. | StockAnalysis.com BBDO statistics | August 2, 2026 |
| Dividend and shareholder return | Annual dividend of $0.17 per ADR for a 5.01% yield with a 40.87% payout ratio, ex-dividend date July 7, 2026. Bradesco also announced the advance of R$6.5 billion of interest on shareholders equity payments to September 15, 2026. | StockAnalysis.com BBDO statistics; Banco Bradesco July 29, 2026 Form 6-K | August 2, 2026 |
| Short interest | 3,141 shares short, 0.00% of shares outstanding, with 0.04 days to cover as of the latest reported period. | StockAnalysis.com BBDO statistics | August 2, 2026 |
| Analyst recommendation mix (preferred BBDC4) | Of 14 analyst reports analyzed for the preferred shares BBDC4 in Q1 2026, 9 were Buy, 4 Hold, and 1 Sell, per the Bradesco Q1 2026 managerial report. | Banco Bradesco Q1 2026 managerial report (Form 6-K) | May 7, 2026 |
| Technical snapshot | 5-day SMA near $3.28, 20-day SMA near $3.17, 50-day SMA near $3.07 to $3.08, 100-day SMA near $3.23, 200-day SMA near $3.21, 14-day RSI near 70.02, 14-day ADX near 21.74, and 14-day historical volatility near 33.86%. | Barchart and StockAnalysis.com technical snapshots | August 2, 2026 |
| 52-week range and return | 52-week range of $2.37 to $3.80, with a 52-week price return of +36.51% and a beta of 0.25. | StockAnalysis.com BBDO statistics | August 2, 2026 |
| PE ratio history | Trailing PE of 8.19x at the July 31, 2026 price, versus 7.52x at March 31, 2026, 6.59x at December 31, 2025, and 5.23x at December 31, 2024, reflecting both earnings recovery and a sharply higher price. | Macrotrends BBDO PE ratio history | August 2, 2026 |
| Next earnings date | The next confirmed earnings date is Wednesday, August 5, 2026, after market close, for the Q2 2026 results. | StockAnalysis.com BBDO overview | August 2, 2026 |
This BBDO AI stock analysis is an informational research tool only. It is not investment advice, a recommendation, or a guarantee of future performance. Forecast scenarios are based on available filings, market data, and assumptions as of the stated cutoff date and may be wrong. The pending R$10 billion capital increase, Brazilian macro conditions, and market moves after the cutoff date can change the picture materially.
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