BBD Stock Summary and Trading Ideas (Bank Bradesco | NYSE:BBD)

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.

Bank Bradesco trades on the NYSE stock market under the symbol BBD.

As of January 29, 2025, BBD stock price declined to $2.00 with 28,913,917 million shares trading.

BBD has a beta of 0.19, meaning it tends to be less sensitive to market movements. BBD has a correlation of 0.01 to the broad based SPY ETF.

BBD has a market cap of $21.19 billion. This is considered a Large Cap stock.

In the last 3 years, BBD traded as high as $4.74 and as low as $1.84.

The top ETF exchange traded funds that BBD belongs to (by Net Assets): ILF, EDIV, SPEM, VWO, VEU.

BBD has underperformed the market in the last year with a return of -30.3%, while the SPY ETF gained +24.9%. In the last 3 month period, BBD fell short of the market, returning -22.0%, while SPY returned +4.0%. However, in the most recent 2 weeks BBD has outperformed the stock market by returning +3.6%, while SPY returned +3.4%.

BBD support price is $1.98 and resistance is $2.07 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BBD shares will trade within this expected range on the day.