Goldman Sachs Upgrades Banco Bradesco (BBD) on Improved Capital Generation and Earnings Momentum

Core Insights - Banco Bradesco S.A. has been upgraded by Goldman Sachs from Sell to Neutral, with a new price target of R$17, reflecting improved capital generation and earnings momentum [3]. Financial Performance - In Q2 2025, Banco Bradesco reported revenue of R$34.0 billion, a 15.1% year-over-year increase, driven by strong performance in net interest income, fees, commissions, and insurance income [4]. - Net interest income for the quarter reached R$18.0 billion, marking a 4.7% increase from the previous quarter and a 15.8% increase year-over-year [4]. Dividend Information - Banco Bradesco offers a monthly dividend to shareholders, with a current dividend yield of 7.05% as of October 28 [5].