JPMorgan upgrades Banco Bradesco stock to Overweight

Published on 10/07/2026 at 05:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter net income rose 16.2 percent to BRL 7.1 billion. JPMorgan sets Overweight on Banco Bradesco stock before October 22 results.

BBD, US0594603039, Illustration mit AI erstellt.

JPMorgan upgraded Banco Bradesco stock from Neutral to Overweight, putting the Brazilian lender's improved second-quarter earnings at the center of the latest market debate.

JPMorgan raises the rating

StockAnalysis reported that JPMorgan upgraded Banco Bradesco from Neutral to Overweight as it updated its Brazilian financial models after a risk-on rally linked to the first round of the presidential election. The change gives the stock a fresh institutional signal after its sharp October rebound.

The rating shift is material because the bank's recent earnings showed stronger profitability alongside continued credit expansion. It also places greater weight on execution, since the next report will show whether the second-quarter improvement carried into the third quarter.

Profit growth supports the case

According to StockAnalysis, Banco Bradesco reported BRL 7.1 billion in net income for the second quarter of 2026, up 16.2 percent from the same quarter a year earlier and 3.5 percent from the previous quarter. Return on average equity reached 16.2 percent in the period.

The earnings mix matters for investors. Secured lending and loan growth supported income, while management highlighted controlled credit costs and capital discipline. A stronger return profile can improve valuation support, but the next update will also test whether provisions remain contained as lending expands.

Market value and next date

Banco Bradesco's NYSE-listed ADR had a market value of USD 43.7 billion on October 7, 2026, according to the quoted market data on Investing.com. The same page showed a USD 2.98 to USD 4.58 52-week range and identified October 22, 2026 as the next earnings date.

The calendar also carries a shareholder date. Deutsche Boerse identified October 5, 2026 as the ex-dividend date for the instrument tied to ISIN US0594603039.

Euro reference stays dated

The prior close at Lang & Schwarz was EUR 4.01 on October 5, 2026. The next earnings report on October 22 will give investors the clearest test of whether the 16.2 percent second-quarter profit growth can persist.

The further course of trading is shown by the continuously updated real-time quote of Banco Bradesco stock.