2 Followers USX:BBD - Bank Bradesco SA Banco Bradesco SA ADR
Sector: Financials, Industry: Regional Banks
Next Earnings: 9 May 2024
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USD 2.91    +0.05 (+1.75%)
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27 Mar 2024


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General

CEO: Mr. Marcelo de Araujo Noronha

IPO: 2001-11-23

Headquarters: US

Employees: 74,746

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Description

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.

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