Bank Bradesco SA logo

Bank Bradesco SA - ADR

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NYSE:BBD (Brazil)   ADR
$ 2.65 -0.01 (-0.38%) 10:08 PM EST
9.46
P/B:
0.77
Market Cap:
$ 28.14B
Enterprise V:
$ 64.73B
Volume:
10.33M
Avg Vol (2M):
14.45M
Also Trade In:
Volume:
10.33M
Avg Vol (2M):
14.45M

Business Description

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.