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← CockpitCompetitor Analysis › BBD Banco Bradesco SA Sponsored ADR PfdOpen in the cockpit ↗

Banco Bradesco SA Sponsored ADR PfdBBDCompetitor analysis, valuation and peers

United States · USD·Financials›Major Banks

Preferred-share ADR of Banco Bradesco, one of Brazil's largest private banks; same underlying business as the BBDO common ADR.

≈ A large Brazilian universal bank plus insurerMomentum laggard 11
Mkt cap
$27.5B
US dollars, full cap
Free float
100%
of shares outstanding
$/day
$202M
20-day average traded
P/B
0.71×
price to book
ROE
14.2%
delivered
Implied ROE
6.2%
what the price asks
Official | Implied
BB / BB+
agencies · bond market
Next earnings
96 days
10 Feb 2027
Close · USD$2.54
1D+1.2%
1W-0.4%
1M-40.1%
3M-23.7%
6M-32.3%
YTD-23.7%
1Y-28.1%
ATR %6.9%
Beta1.08
52w lowhigh44.5% off high

What Banco Bradesco SA Sponsored ADR Pfd does

Preferred-share ADR of Banco Bradesco, one of Brazil's largest private banks; same underlying business as the BBDO common ADR.

Earns from interest on loans and fees on accounts and cards sold through a vast branch network, while Bradesco Seguros, one of Brazil's biggest insurers, adds steadier premium income. This ADR represents non-voting preferred shares, which are paid dividends ahead of the common shares; control sits with the Cidade de Deus holding company.

In one line: A large Brazilian universal bank plus insurer.

Products and services

  • Retail & commercial banking
  • Bradesco Seguros (insurance)
  • Asset management
  • Cards

Customers

  • Brazilian consumers
  • SMEs
  • Corporates

Where it sits in the supply chain

  • Financial services
  • Banking
  • Brazilian universal banking

What could go right

  • Brazilian credit growth
  • Insurance premium growth

What could go wrong

  • Brazilian rate/credit cycle
  • BRL currency volatility for USD holders

Moat: narrow (scale, distribution, brand). Extensive branch network and bancassurance distribution across Brazil.

Headquarters: Osasco, Brazil · Founded: 1943 · Employees: 82,095

Named competitors

Banco Bradesco SA Sponsored ADR Pfd at a glance

Size Banco Bradesco SA Sponsored ADR Pfd (BBD) is a United States Financials company (Major Banks) with a market value of $27.5B, the 394th largest of 3,117 United States companies the cockpit tracks. Shares closed at $2.54 on 6 Nov 2026.

Performance Over six months the shares fell 32.3%, against +2.6% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 21 in its peer set.

Growth Revenue grew 29.0% over the last twelve months (peer median +3.9%); the operating margin is 18.5% (peer median 37.6%).

Valuation It trades at 0.71× book value against a peer median of 1.34× (4th cheapest of 21).

Price implies The share price implies a return on equity of about 6.2%; Banco Bradesco SA Sponsored ADR Pfd delivers 14.2%, so the price asks less than the business earns today.

Credit Banco Bradesco SA Sponsored ADR Pfd has 3 bonds outstanding ($2.25B), rated BB by the agencies and trading like BB+ at a weighted spread of 159 bp.

Short interest Short interest is 0.2% of the free float (15 Oct 2026).

Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026Peer median 106BBD 70
Six months, rebased to 100: Banco Bradesco SA Sponsored ADR Pfd against the median of its 20 peers (local-currency closes).

Banco Bradesco SA Sponsored ADR Pfd financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$78.0B$64.4B$55.6B$60.2B$53.3B
Revenue growth—+16%-8%+13%—
Net income$5.03B$4.24B$3.20B$2.85B$4.11B
Free cash flow$22.5B$46.2B$31.7B$36.4B$28.9B
Capital expenditure$2.16B$2.08B$1.49B$1.83B$1.82B
Total debt$147B$144B$110B$128B$106B

Quarterly statements and history in the cockpit →

Banco Bradesco SA Sponsored ADR Pfd competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%+40%-40%-20%0%8309BAP6818CFG0555502884BPEHBANRF2886SHB-A601009BAMI0867900000011988PKOBCHBBD6-month return →1-month return →
Up and to the right = strong over both horizons. Banco Bradesco SA Sponsored ADR Pfd is the large dot.

Fundamentals: return on equity against price-to-book

5%10%15%20%10×20×8309BAP6818CFG0555502884BPEHBANRF2886SHB-A601009BAMI0867900000011988PKOBCHSABBBDReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Banco Bradesco SA Sponsored ADR Pfd is the large dot.

Capital: ROE delivered against the ROE the price implies

10%20%30%10%20%30%8309BAP6818CFG2884BPEHBANRF2886SHB-A601009BAMI0000011988PKOBCHSABBBDROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Banco Bradesco SA Sponsored ADR Pfd is the large dot.

Banco Bradesco SA Sponsored ADR Pfd competitors and peer comparison

Head to head with its named competitors (BBD vs ITUB vs BSBR vs NU)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
Banco Bradesco SA Sponsored ADR Pfd BBD$27.5B-32%+29%14%0.71×6.2%
Itau Unibanco Holding S.A. Sponsored ADR Pfd ITUB$84.9B-12%+8%22%1.84×11.8%
Banco Santander (Brasil) S.A. Sponsored ADR BSBR$17.4B-20%+18%10%2.10×12.6%
Nu Holdings Ltd. Class A NU$58.1B-13%+54%32%4.39×32.4%

How Banco Bradesco SA Sponsored ADR Pfd compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Banco Bradesco SA Sponsored ADR Pfd against its 20 peers (data as of 6 Nov 2026)
MeasureBBDPeer medianRank in peer set
1-month return-40.1%+0.5%lowest of 21
6-month return-32.3%+2.6%lowest of 21
Return on equity14.2%11.0%6th highest of 21
Price / book0.71×1.34×4th cheapest of 21
Trailing P/E5.3×11.9×3rd cheapest of 20
ROE the price implies6.2%9.6%8th least demanding of 21
ROE delivered14.2%11.6%6th highest of 19
Bond spread159 bp81 bpwidest of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Banco Bradesco SA Sponsored ADR Pfd BBDUnited States$27.5B-32%+29%14%0.71×6.2%14.2%
Sumitomo Mitsui Trust Gp 8309.TJapan$27.4B+38%+5%11%1.18×7.5%10.9%
Credicorp BAPUnited States$27.6B+5%+24%21%2.47×17.9%20.6%
China Everbright Bank 6818.HKHong Kong$26.6B-10%-3%5%0.28×3.9%5.5%
Citizens Financial CFGUnited States$26.5B-1%+4%9%1.16×11.5%8.9%
ShinhanGroup 055550.KSSouth Korea$29.2B-13%+32%9%0.78×5.2%n/a
E Sun Financial 2884.TWTaiwan$25.2B+55%+36%15%2.70×7.6%14.7%
BPER Banca BPE.MIItaly$30.4B+2%+15%15%1.49×18.6%14.9%
Huntington Bancshares HBANUnited States$31.2B-3%+24%9%1.06×10.2%9.1%
Regions Financial RFUnited States$24.1B+2%+1%12%1.46×13.2%12.4%
Mega Financial 2886.TWTaiwan$24.0B+37%+1%10%1.97×5.9%10.0%
Svenska Handelsbanken SHB-A.STSweden$32.6B+23%-14%12%1.68×9.0%12.2%
Bank of Nanjing 601009.SSChina$22.8B+5%+6%12%0.77×2.8%11.9%
Banco BPM BAMI.MIItaly$22.8B+1%-4%12%1.30×13.5%12.5%
Hanafinancialgr 086790.KSSouth Korea$22.5B-7%+39%10%0.79×5.3%n/a
KeyCorp KEYUnited States$22.0B-3%+9%11%1.39×13.1%11.2%
Ping An Bank 000001.SZChina$34.4B+3%-9%9%0.48×3.6%9.0%
China Minsheng Banking 1988.HKHong Kong$21.9B-13%-5%4%0.20×3.8%4.2%
PKO Bank Polski PKO.WAPoland$36.5B+18%-2%20%2.56×31.9%20.1%
Banco de Chile Sponsored ADR BCHUnited States$19.6B+7%+4%22%3.15×13.6%21.8%
Banco de Sabadell SAB.MCSpain$19.2B+8%-35%5%1.40×15.5%5.1%

Banco Bradesco SA Sponsored ADR Pfd bonds and credit

Banco Bradesco SA Sponsored ADR Pfd has 3 bonds outstanding with $2.25B face value. The agencies rate it BB; its bonds trade like BB+. Weighted yield 6.19%, a spread of 159 bp over government bonds.

Every bond, yield and spread in the cockpit →

Questions

Who are Banco Bradesco SA Sponsored ADR Pfd's main competitors?
Named competitors: Itau Unibanco (ITUB), Banco Santander Brasil (BSBR), Banco do Brasil (private or unlisted), Nubank (NU). The cockpit's measured peer set (industry) also includes Sumitomo Mitsui Trust Gp (8309.T), Credicorp (BAP), China Everbright Bank (6818.HK), Citizens Financial (CFG), ShinhanGroup (055550.KS), E Sun Financial (2884.TW).
Is Banco Bradesco SA Sponsored ADR Pfd expensive compared with its peers?
On price / book it trades at 0.71× against a peer median of 1.34×, 4th cheapest of 21 in its peer set. The share price implies a return on equity of about 6.2%; Banco Bradesco SA Sponsored ADR Pfd delivers 14.2%, so the price asks less than the business earns today.
How has Banco Bradesco SA Sponsored ADR Pfd stock performed?
Over six months to 6 Nov 2026 the shares returned -32.3% against +2.6% for the median peer; over one year -28.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.