Bradesco Sinks 5% on Itau BBA Downgrade as Brazilian Bank Stocks Slide
Banco Bradesco (BBD) fell 5% after downgrades from Itaú BBA and Citi, citing a tougher 2027 earnings outlook. Itaú Unibanco (ITUB) and Santander Brasil (BSBR) dropped 4%, Nu Holdings (NU) fell 3%. Bradesco's Q3 net income rose 15% to R$7.1B, but bad loan provisions increased 24%. Analysts expect Bradesco's EPS to rise 13% in 2027, but downgrades may reduce this estimate.




