$BBDO

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).

Multiple Canadian-listed stocks hit 52-week highs. Bombardier rose to $20.27 after its 200th Challenger 3500 delivery. Benz Mining reached $3.65 as sampling begins on the Chateaufort gold property. Definity climbed to $80.71 ahead of Q2 results July 30. Others cited include ADF Group, Element 29, kneat.com, Manulife, Power, Russel Metals, Sun Life, Exco, and dividend announcements.

Airbus announced a US$19-billion order for 150 A220 jets from AirAsia, described by Airbus as its biggest Canadian-made commercial airplane order. The article cites Canada aerospace revenue rising 76% to $45.7B over five years to end-2025 and exports reaching $28.2B in 2025. It also highlights workforce growth and new facilities by Bombardier and de Havilland.

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.

The article notes several Canadian-listed stocks hitting 52-week highs: Air Canada at $25.06, Allied Critical Metals at $2.39, Bombardier at $340.31, CN at $173.09, and others. It cites Air Canada cutting/delaying eight U.S. routes, Allied Critical reporting first assays at its Borralha tungsten project, and Bombardier’s role in NATO’s planned radar jets. Additional items include bond offerings, earnings dates, and distributions.

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.

Bueno Julio Cesar (CLO and Executive Officer) purchased 110,441 shares of BANK BRADESCO (BBD) at an average of $18.10 ($18.10–$18.11, $2.00M total) across 2 trades on 2026-07-01.

Analysts issued mixed calls on Canadian telecoms and Bombardier. TD Cowen upgraded BCE to buy, citing a 13% post–early-June drop as “overdone,” a $37 target, and expectations of no 2026 guidance changes at Aug. 6 Q2 results. National Bank cut BCE and Telus forecasts, including a potential Telus dividend policy reset. Stifel initiated Bombardier coverage with a buy, citing stronger industry and upside to $550.