Neto Jose Ramos Rocha purchased $1K of BBD (indirect holdings)

Banco Bradesco reported Q2 call highlights: vehicle financing up 26.8% YoY and payroll-deductible lending up 9.3%. Delinquency over 90 days was 2.5% vs 3.3% market. Cost of risk held at 3.5%. CFO said market NII could approach BRL 2 billion and NIM near 9%. Planned BRL 10 billion capital raise pending approval.

Banco Bradesco reported Q2 recurring net income of R$7.05 billion (US$1.38 billion), up 16.2% year over year, with ROE near 16.2%. Total revenues rose to R$37.6 billion. Credit outstanding grew to R$1.14 trillion, while loans over 90 days overdue increased to 4.3% and provisions rose 22.6% to R$10.0 billion. Bradesco is also raising up to R$10 billion via private share subscription.

Banco Itaú Colombia, part of Itaú group, completed the sale of its retail or “persona natural” banking unit in Colombia to Banco de Bogotá (Grupo Aval). The transfer closed July 31, 2026, with migration Aug 1 and access from Aug 2. About 267,000 customers moved. The portfolio transferred was nearly COP 6.45T in loans and COP 4.80T in deposits for about COP 1.64T (US$520M).

Brazilian federal judge Giovana Calmon authorized late-June searches of Itaú, Santander and Bradesco executives in the Americanas fraud case, citing indications the banks helped hide supplier-finance (risco sacado) debts. Police allege supplier-finance was omitted from circularisation letters to auditors. Itaú denies coordination. Americanas’ asset freeze totals up to 54 billion reais.

National Bank Financial analyst Cameron Doerksen raised Bombardier (BBD.B-T) target to C$349 from C$296 ahead of Q2 results July 30, citing strong biz-jet and Defense momentum and valuation concerns. He kept a “sector outperform” rating, noting BBD trades at 16.3x EV/EBITDA vs peers 13.3x. TD Cowen initiated Tecsys (TCS-T) at “buy” with C$39 target, citing SaaS growth and takeout upside.

Bank of Baroda, according to its July 2 regulatory filing, agreed to pay US$600 million to settle NMC Health-related fraud litigation in Abu Dhabi and London without admitting liability. The settlement ends parallel ADGM and England & Wales proceedings and caps BoB’s exposure at US$600 million; settlement terms are confidential.