Banco Bradesco Wealth Management Chief Purchases $1.1 Million Preference Shares. Is This Brazilian Financial Powerhouse Stock a Buy?
Jose Augusto Ramalho Miranda bought at $17.98 per share, a significant premium to current market levels, signaling strong conviction in the bank's value.
Overview
Jose Augusto Ramalho Miranda, an Executive Officer of Banco Bradesco (NYSE:BBD), purchased 63,719 shares of the company's preference shares as disclosed in an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average purchase price ($17.98); post-transaction value based on Sept. 18, 2026 market close ($3.43).
Details
Banco Bradesco S.A. is one of Brazil's largest financial institutions, with approximately 82,095 employees and a market capitalization of $37.2 billion. The company leverages its dual Banking and Insurance divisions to deliver integrated financial solutions across retail and institutional markets, maintaining a competitive position through its extensive branch network and diversified service offerings in Brazil and internationally.
Source
Originally published at www.fool.com.