Banco Bradesco Executive Purchases $1.1 Million in Preference Shares
Jose Augusto Ramalho Miranda, an executive officer at Banco Bradesco (NYSE: BBD), purchased approximately $1.1 million worth of preference shares through a direct acquisition of 63,719 shares as disclosed via SEC Form 4 filing. The purchase was made at a price significantly higher than the recent market close prices—$17.98 per share compared to $3.43 on Sept. 18, 2026 and $3.52 by Sept. 21, 2026—which suggests high conviction in the stock's long-term value despite its current trading levels. Miranda’s ownership increased by 41%, bringing his total direct holdings to over 220,933 shares valued at approximately $757,800. As head of Bradesco’s Global Private Bank division, Miranda has extensive experience in wealth management and investment strategies for high-net-worth individuals.
