Seeking Alpha
27 Oct 2026, 11:45 UTC · 1h ago
Bradesco: The Election Repriced The Risk, So I'm Downgrading To Hold
Impact · against what's priced in
Bradesco's downgrade is driven by deteriorating credit quality and heightened macroeconomic risk in Brazil, which offset positive Q3 efficiency gains. While net income grew, rising NPLs to 4.6% suggest a trend of credit stress that will likely pressure margins.
- BBD−0.40
No priced-in read yet
- In context
The rise in non-performing loans to 4.6% and falling coverage ratios signal deteriorating credit quality that outweighs the 14.6% year-over-year growth in net income.
Read from the article alone
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