TD Cowen Maintains a Hold Rating on Banco Bradesco S.A. (BBD)
Key takeaways
- TD Cowen Maintains a Hold Rating on Banco Bradesco S.A.
- (NYSE:BBD) was reiterated with a Hold rating at TD Cowen.
- On the bright side, Banco Bradesco expanded its loan portfolio to reach R$1.09 trillion, reflecting 8.4% year-over-year increase.
TD Cowen Maintains a Hold Rating on Banco Bradesco S.A. (BBD) Talha Qureshi Sun, June 21, 2026 at 1:53 AM GMT+7 2 min read BBD BBDO Banco Bradesco S.A. (NYSE:BBD) is one of our Best Undervalued Stocks to Buy Under $5. The stock trades at a forward price to earnings ratio of around 6.7, which is below the sector average of 11. Moreover, analysts see more than 31% upside for the stock over the next 12 months.
Recently, on June 8, Banco Bradesco S.A. (NYSE:BBD) was reiterated with a Hold rating at TD Cowen. The firm did not disclose any price targets. The rating comes almost a month after the company released its fiscal Q1 2026 earnings. The stock has fallen around 6.4% since the release. During the quarter, the company reported R$36.9 billion in revenue, which fell significantly short of the estimated R$36.18 billion.
On the bright side, Banco Bradesco expanded its loan portfolio to reach R$1.09 trillion, reflecting 8.4% year-over-year increase. This was driven by a strategic shift toward secured lending products like payroll-deductible loans and real estate. Despite missing the Q1 guidance, management maintained its 2026 guidance and projected loan growth of around 9.5%, risk-adjusted Net Interest Income growth of 12.5% for the full year.