Bank Bradesco SA logo

Bank Bradesco SA

$ 2.67 -0.12 (-4.3%) 11:08 PM EST
P/E:
5.23
P/B:
0.81
Market Cap:
$ 28.41B
Enterprise V:
$ 54.15B
Volume:
24.35M
Avg Vol (2M):
36.54M
Also Trade In:
Volume:
24.35M
Market Cap $:
28.41B
PE Ratio:
5.23
Avg Vol (2-Month):
36.54M
Enterprise Value $:
54.15B
PB Ratio:
0.81

Business Description

Description
Banco Bradesco is Brazil's second largest private bank, with about 15% of deposits, and the largest insurance provider in Brazil, with roughly 20%-25% market share. The bank is majority controlled by the Bradesco foundation--a private non-profit institution focused on education. Banking provides roughly 70% of profits, while the insurance segment contributes the remaining 30%. The bank is also a major asset manager with high-single-digit market share. In 2016, Bradesco acquired the Brazilian operations of HSBC.