7/102 sources · 2 publishersUpdated Oct 26, 13:59 UTC
HSBC downgrades Banco Bradesco to Hold, sets $3.90 target, shares plunge 28.75%
HSBC lowered its rating on Banco Bradesco S.A. (BBD) from Buy to Hold and posted a $3.90 price target. The downgrade triggered a 28.75% drop in BBD shares on October 26, 2026. The bank reported $105.3 billion in revenue and a pretax profit margin of 34.6%, while its price‑to‑earnings ratio sits near 10.34. Analysts now view near‑term upside as limited unless new catalysts emerge.
Why it matters
The downgrade and target suggest limited upside, so investors may see further price pressure around the $3.90 level. The sharp 28.75% decline also reduces the stock’s market value and may prompt range‑bound trading.
Key facts
- 1HSBC cut Banco Bradesco’s rating from Buy to Hold and set a $3.90 price target. timothysykes.com
- 2Banco Bradesco shares fell 28.75% on Monday, October 26, 2026. timothysykes.com
- 3The bank generated roughly $105.3 billion in revenue. stockstotrade.com
- 4Pretax profit margin was 34.6%. timothysykes.com
- 5Price‑to‑earnings ratio was near 10.34. stockstotrade.com
- 6Total assets were about $2.33 trillion. timothysykes.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.