Key Highlights

  • Banco Bradesco (NYSE:BBD) traded at USD 4.08 on October 21, 2026, down 0.12%, with a market value of USD 45.373 billion, a trailing P/E of 8.74 and a PEG of 0.26.
  • Third quarter results are expected on October 22, 2026, so today's session is a pre-results move, and no other company announcement dated October 21 was found.
  • HSBC cut the stock to Hold on October 8 with a USD 3.90 target, while Goldman Sachs raised its target to USD 4.20 from USD 3.80 and kept Neutral.
  • Published reports show directors and executives bought preferred shares between late September and October 13, with single purchases of about USD 0.8 million to USD 5.6 million.

A Quiet Day Before Results

Early-session volume was 3.783 million shares against a 3-month average of 34.74 million, so turnover was still building ahead of the October 22 report. Analyst views have split. JPMorgan upgraded the stock to Overweight about October 6, citing a risk-on rally after the first round of Brazil's election, while HSBC cut it to Hold on October 8 with a USD 3.90 target, about 4.4% below today's quote, simple arithmetic. Goldman Sachs lifted its target to USD 4.20 on about October 9 and stayed Neutral. Insider purchases of preferred shares reported from late September through October 13 add a company-side signal, though they do not guarantee results.

What the Valuation Figures Show

A P/E of 8.74 means investors pay about USD 8.74 for each USD 1 of trailing earnings, well inside the 0 to 20 band. A PEG of 0.26 implies a growth input near 34%, simple arithmetic, which depends on analyst forecasts. A published summary of the second quarter showed net income of about BRL 7.1 billion, up 16.2%. Brazilian banks earn money on the gap between loan rates and funding costs, so credit quality and the policy rate drive results. The receipts trade in dollars, so the real adds currency risk. Published dividend data lists an ex-dividend date of November 5, 2026, and payouts are not guaranteed.

Risks and What to Watch

Loan losses in consumer and small-business credit, margins under high policy rates and the currency are the main risks. The 52-week range of about USD 2.98 to USD 4.58 puts today's quote about 10.9% below the high and 36.9% above the low, simple arithmetic. Brazil's presidential runoff on October 25 can move bank receipts sharply in either direction. Investors should watch the October 22 report for loan growth, provisions and return on equity, and the bank's commentary on guidance, which will test whether the low P/E reflects real earnings power. Provisions for bad loans are the line to read first, because a rise there would quickly erode the earnings that the low multiple assumes. A miss on credit quality could reverse the gains made since the first round.

Where Things Stand

Banco Bradesco (NYSE:BBD) reports third quarter results on October 22, 2026, so the question is what the numbers will show. The low P/E of 8.74 and PEG of 0.26 reflect strong recent profit growth, but they rest on forecasts and a volatile currency. Analysts are split, with a recent upgrade, a downgrade and a target raise. The runoff on October 25 follows closely. This is not investment advice.