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

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 BBDO.

As of April 22, 2024, BBDO stock price declined to $2.30 with 25,582 million shares trading.

BBDO has a beta of 0.88, meaning it tends to be less sensitive to market movements. BBDO has a correlation of 0.13 to the broad based SPY ETF.

BBDO has a market cap of $24.43 billion. This is considered a Large Cap stock.

In the last 3 years, BBDO stock traded as high as $4.86 and as low as $2.12.

BBDO has underperformed the market in the last year with a price return of +1.0% while the SPY ETF gained +22.3%. BBDO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -19.2% and -10.2%, respectively, while the SPY returned +3.9% and -3.6%, respectively.

BBDO support price is $2.28 and resistance is $2.38 (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 BBDO stock will trade within this expected range on the day.