Citigroup Rates Banco Bradesco (BBD) Neutral

On October 27, 2026, Citigroup downgraded Banco Bradesco S.A. (BBD) to a Neutral rating. This change comes as the bank's shares are currently trading at $2.93, a significant move considering the company's performance and market conditions.

BBD Banco Bradesco S.A.

$2.91 ▼ -7.91% year to date

1M 3M YTD

Daily close · Oct 27, 2026

What Changed in Citigroup's Banco Bradesco Position

Citigroup lowered its rating on Banco Bradesco S.A. to Neutral. This adjustment reflects the bank's recent performance and market factors affecting its outlook. The stock has struggled, trading well below its 50-day and 200-day moving averages by 18.6% and 20.1%, respectively.

Other Institutional Activity in Banco Bradesco

Aquamarine Financial Ltd grew its holdings by 30,099,293 shares, ending with 186,948,134 shares worth about $544 million. Franklin Resources, Inc. added 546,283 shares, bringing its total to 48,465,825 shares valued at approximately $141 million. Meanwhile, ARGA Investment Management, LP reduced its stake by 4,425,975 shares, ending with 70,717,908 shares worth about $206 million. Arrowstreet Capital, Limited Partnership also cut its position by 8,793,873 shares to 70,716,729 shares valued at approximately $206 million. Fisher Asset Management, LLC pared down its holdings by 1,779,467 shares, concluding with 51,497,981 shares worth about $150 million.

Banco Bradesco S.A. Stock Holds Steady

Banco Bradesco’s shares recently traded at $2.93, which is about 36.0% below its 52-week high of $4.58. The stock is also currently below both its 50-day and 200-day moving averages, indicating a challenging trading environment for investors.

Recent Earnings

Banco Bradesco reported trailing twelve-month revenue of approximately $95.9 billion, with an EPS of $0.45. The company has shown a year-over-year revenue growth of 12.4%, and its net margin stands at 27.3%. The next earnings report is scheduled for February 4, 2027.

Dividend

Banco Bradesco has an annual dividend rate of $0.23 per share, which gives it a yield of 7.94%. The dividend payout ratio is 53.5%, indicating a balanced approach to returning value to shareholders.

Insider Buying and Selling at Banco Bradesco S.A.

Jose Ramos Rocha Neto, an officer at Banco Bradesco, bought 57 shares at an average price of $3.37 on June 24, 2026, totaling $192. Another insider, Denise Aguiar Alvarez, a director, purchased 345,000 shares at $3.25 each on August 25, 2026, amounting to about $1.12 million.

Analysts Set New Price Targets

On October 6, 2026, JP Morgan upgraded its rating on Banco Bradesco to Overweight. HSBC downgraded its rating to Hold on October 8, 2026, with a price target of $3.90. Citigroup's downgrade to Neutral on October 27, 2026, does not include a new price target.

About Banco Bradesco

Banco Bradesco S.A. is a major financial institution in Brazil, offering a wide range of banking and insurance services. It operates in both domestic and international markets, focusing on investment banking, corporate banking, and financial management.

Bottom Line

Investors will be watching Banco Bradesco closely as it approaches its next earnings report on February 4, 2027. The recent downgrade by Citigroup may influence market sentiment, particularly as the stock trades below its historical averages and targets.