AllAnalyst Report
logoMorningstarMarch 12, 2021

Banco Bradesco S.A.: Banco Bradesco Emerges From 2020 With Healthy Reserve Levels Intact

Symbols
BBD
Sector(s)
Financial Services
Rating
Current Price
$5.53
Fair Value
Economic Moat
Stewardship
Summary

Banco Bradesco is Brazil's fourth-largest bank, with about 15% of deposits, and the largest insurance provider in Brazil, with roughly 25% market share. The bank provides services through a network of more than 4,600 branches, the largest footprint of all privately controlled banks in Brazil. Banking provides roughly 70% of profits, while the insurance segment contributes the remaining 30%. In 2016, Bradesco acquired the Brazilian operations of HSBC.

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