Bradesco ADRs Climb 3.9% as Real’s Strength Fuels Recovery Rally
Banco Bradesco S.A. (BBD) ADRs rose 3.9% to $3.45, boosted by a 0.8% appreciation in the Brazilian real. The bank's Q2 recurring profit increased 16.2% to R$7.05 billion, with loans growing 11.6%. Shareholders must exercise capital-increase rights by September 4. Other Brazilian banks, including Itaú Unibanco (ITUB), Banco Santander (BSBR), and Nu Holdings (NU), also saw gains.




