Banco Bradesco Director Purchases $562K in Preferred Shares Amid Market Volatility
Regina Helena Jorge Nunes, a director at Banco Bradesco S.A. (NYSE: BBD), purchased 31,266 preferred shares for approximately $562,000 based on the weighted average price of $17.98 per share as reported in an SEC Form 4 filing. The transaction occurred on September 18, 2026, when common shares were trading at a significantly lower value ($3.43), compared to the purchase price. The director now holds these preferred shares directly and owns 0.0003% of Banco Bradesco's equity based on this transaction alone. The company has reported trailing twelve-month revenue of BRL 341.3 billion (approximately $68B) and net income of BRL 24.3 billion ($5B), operating primarily in Brazil through its Banking and Insurance divisions. The broader economic context includes a slowing interest rate environment, with the Brazilian central bank cutting rates to 14% by August 2026 from earlier highs at 15%. This trend is expected to support Banco Bradesco's loan growth. However, as of September 21, 2026, BBD shares were trading near $3.52, reflecting ongoing market volatility.
Topics: Banco Bradesco insider buying SEC Form 4
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