JPMorgan Downgrades Banco Bradesco S.A. to Neutral From Overweight
JPMorgan has downgraded its rating for Banco Bradesco S.A. from Overweight to Neutral.
Stocks · News reference
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
JPMorgan has downgraded its rating for Banco Bradesco S.A. from Overweight to Neutral.
Bradesco announced a 10 billion Brazilian reais capital increase and double-digit year-over-year loan growth in Q3 2026. The bank is shifting toward collateralized credit and digital automation to maintain profitability while managing credit risk in a high interest rate environment. Rising non-performing loans from government-backed programs are offset by sovereign collateral protection, and AI-driven automation has quadrupled technology delivery capacity without adding staff.
Bradesco BBI has shifted its investment stance on Brazil from overweight to neutral, citing market uncertainty and the recent strong performance of Brazilian equities.