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The latest announcement is out from Banco Bradesco SA ( (BBD) ).
In a recent announcement, Banco Bradesco S.A. disclosed that its Board of Directors decided to cancel over 50 million shares, including both common and preferred shares, as part of a buyback program initiated in November 2023. This action, reported on February 7, 2025, reflects the company’s strategic financial management and aims to amend its bylaws, with the proposed changes to be discussed in an upcoming special shareholders’ meeting. The cancellation of shares signifies a move to optimize the company’s capital structure and potentially enhance shareholder value.
More about Banco Bradesco SA
Banco Bradesco S.A. is a major financial institution in Brazil, primarily engaged in providing banking and financial services. With a strong presence in the banking sector, the company focuses on a range of products, including personal and corporate banking, insurance, and asset management, catering to both domestic and international markets.
YTD Price Performance: 19.25%
Average Trading Volume: 39,930,214
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $21.83B
Find detailed analytics on BBD stock on TipRanks’ Stock Analysis page.
