Banco Bradesco stock gained 4.16 percent as JPMorgan upgraded it

Published on 10/07/2026 at 00:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan moved Banco Bradesco from Neutral to Overweight on October 6, 2026. Q2 2026 net income rose 16.2 percent year over year to BRL 7.1 billion.

BBD, US0594603039, Illustration mit AI erstellt.

Banco Bradesco stock (ISIN US0594603039) was last at USD 4.51 on the NYSE on October 6, 2026 at 4:00 p.m. ET, up 4.16 percent from the prior close. The move followed JPMorgan's upgrade from Neutral to Overweight, reported by MarketBeat on October 6, 2026.

JPMorgan changes its view

JPMorgan changed its rating after previously assigning Banco Bradesco a Neutral recommendation. MarketBeat said three analysts rated the stock Buy and one assigned Hold, resulting in a Moderate Buy average rating. The report did not attach a new JPMorgan price target.

The rating change came as the stock approached its yearly peak. Banco Bradesco traded between USD 4.42 and USD 4.58 on October 6, 2026, putting the last price directly at the 52-week high. Volume reached 92,143,435 shares, compared with an average volume of 35,388,980 shares cited by MarketBeat.

Q2 profit gives the move substance

Banco Bradesco's second-quarter 2026 recurring net income rose 16.2 percent from a year earlier to BRL 7.1 billion, according to StockAnalysis. The same report said profit increased 3.5 percent from the prior quarter, giving investors a concrete comparison beyond the share-price rally.

Credit growth and secured lending were highlighted in the Q2 discussion, while the Brazilian lender continues to combine banking with insurance and other financial products. The earnings trend matters because the current market capitalization is USD 47.7 billion as of October 6, 2026, and the stock now trades at the top of its 52-week range.

Third-quarter date is October 22

Banco Bradesco's next scheduled checkpoint is the third-quarter 2026 information release on October 22, 2026. The company's filing, carried by StockTitan, also schedules an analyst videoconference for October 23, 2026.

For investors, the central test is whether the next report can extend the 16.2 percent year-over-year profit growth while the share price sits at USD 4.51. JPMorgan's Overweight call adds a positive valuation signal, but the upcoming results will provide the next company-specific measure of operating progress.

Stock reaches its yearly high

Banco Bradesco stock was last at USD 4.51 on the NYSE on October 6, 2026 at 4:00 p.m. ET. Its 52-week range was USD 2.98 to USD 4.58, and market capitalization stood at USD 47.7 billion.