Bradesco: Betting On A Slow But Steady Turnaround

Group 1 - The initial thesis on Bradesco was bearish, highlighting it as the Brazilian player with the worst efficiency among its peers and the highest default rates [1] - The analysis is conducted by a researcher and operations manager at DM Martins Research, who has experience contributing to various financial platforms [1] - The focus of the analysis is on providing insights into foreign equities, particularly in emerging markets, to aid informed investment decisions [1] Group 2 - The analyst has a beneficial long position in shares of NU, ITUB, and BBD through stock ownership, options, or other derivatives [2] - The article expresses the analyst's own opinions and is not influenced by compensation from any company mentioned [2] - There is no business relationship with any company whose stock is discussed in the article [2]