Banco Bradesco Clears Acquisition Rumor While Posting Strong Quarterly Earnings

Banco Bradesco S.A. (NYSE:BBD) is one of the 14 Best Cheap Dividend Stocks to Buy Under $10.

The company denies an acquisition rumor and reports strong earnings during the second quarter.

Banco Bradesco Clears Acquisition Rumor While Posting Strong Quarterly Earnings

Based in Brazil, Banco Bradesco S.A. (NYSE:BBD) is one of the largest financial services companies in the country. Listed on the New York Stock Exchange as an American Depositary Receipt (ADR), the bank offers a wide range of financial products and services. Its product portfolio includes services such as commercial banking, insurance, and asset management. The company serves both individuals and businesses in Brazil and internationally.

On July 24, 2025, Banco Bradesco S.A. (NYSE:BBD) provided clarification on the rumours regarding the acquisition of Alelo by iFood for R$5 billion. The company holds notable shares in Alelo, and an acquisition of the latter could affect Banco Bradesco S.A. (NYSE:BBD)’s share price. But the company denied receiving any formal proposals or agreements regarding the acquisitions, thus ending the rumor for the time being.

In its Q2 earnings call, released on July 30, 2025, the company reported a net income of $6.1 billion, reaching a year-on-year growth of 28.6%. The revenue growth also stood positive at 15.1%. The bank also reported that the use of Gen AI has improved productivity and anticipates a bigger contribution to growth in the upcoming quarters.

Banco Bradesco S.A. (NYSE:BBD) offers a dividend yield of 5.53% and its price as of August 28, 2025, stands at $3.11.

While we acknowledge the risk and potential of BBD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BBD and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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