Oswaldo Tadeu Fernandes, Executive Officer at BANK BRADESCO (BBD), bought 79,782 shares at $17.98 ($1.4M) on 2026-09-18, disclosed to the SEC on 2026-09-22.
Executive Officer Oswaldo Tadeu Fernandes purchased 79,782 shares for $1.43M at $17.98, marking the largest insider purchase in the company's history. This significant capital commitment suggests the insider views the current valuation as attractive relative to the bank's strong recent earnings performance.
The stock is up 13.0% over the last 30 days and trades at a forward P/E of 6.49, sitting 17.85% below its 52-week high of $4.29. The recent surge in price comes on the heels of Q2 2026 earnings that beat expectations with a 16.2% year-over-year increase in net income.
Q2 2026 earnings on August 7, 2026, showed a 16.2% year-over-year increase in net income to BRL 7.1 billion, beating market expectations. The company is expanding into crypto offerings for retail clients, a trend highlighted in news from September 7, 2026. Analysts recently fine-tuned their fair value estimate for Banco Bradesco from R$23.17 to R$22.62 on August 23, 2026.
Nu Holdings was cut to Market Perform on September 16, 2026, citing Brazil credit risk and potential macroprudential measures. The bank is also facing challenges with household debt, as Reuters reported on August 14, 2026, that Brazil's largest lenders are growing more cautious on credit.
Something here stands out, but not much.