Bradesco (preferred ADR) is Brazil's second-largest private bank by assets and is mid-way through a multi-year cost and digital transformation under CEO Marcelo Novaes. Credit quality improvements are ahead of schedule after the 2023 spike in default rates. Next Bradesco (digital bank) scaling with lower cost-to-serve. The preferred share structure offers higher dividend yield than the common. Brazil macro (Lula fiscal policy) remains the primary overhang.
Thesis reviewed May 29, 2026
Banco Bradesco S.A. (preferred ADR) is headquartered in Brazil, which is currently showing moderate signals.
🇧🇷Brazil60NEUTRALView Brazil risk detail →🏦Financials100NEUTRAL| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| GGAL | Grupo Financiero Galicia S.A. | 90 | +13% | ↓54% | ENTRY |
| MELI | MercadoLibre | 90 | -14% | ↓54% | AVOID |
| BBAR | BBVA Banco BBVA Argentina SA | 90 | +21% | ↓54% | ENTRY |
| BBD | Banco Bradesco S.A. (preferred ADR) | 90 | +5% | ↓54% | NEUTRAL |
| VIV | Telefonica Brasil (Vivo) | 90 | +8% | ↓54% | ENTRY |
| UBS | UBS Group AG | 90 | +17% | ↓54% | ENTRY |
| CIB | Bancolombia S.A. | 90 | +9% | ↓54% | NEUTRAL |
Investors who hold BBD may also have indirect exposure through these country funds.
Bradesco Q4 delinquency rate drops 40bps QoQ; provisioning costs fall
Next digital bank reaches 22M customers; credit NPS improving
Bradesco raises dividend payout guidance for 2026 on capital build
Estimates · Yahoo Finance · Not audited figures