Banco Bradesco SA ADR

Bradesco has completed the first pilot transaction using Bank of America's Cross-Border Real-Time Payments solution, Bank of America announced. The payment was initiated through Bradesco's existing Swift connectivity and delivered in Hong Kong dollars to a local beneficiary through Hong Kong's Faster Payment System. Bank of America's solution, announced in June 2026, is designed for high-volume, low-value payments and provides real-time tracking, full-principal delivery and payment certainty, with future availability through the CashPro digital banking platform. Christian Stolcke, head of Global Financial Institutions, Nonbank Financial Institutions and Governments in Global Payments Solutions at Bank of America, said the pilot shows how the bank can connect existing channels to real-time payment capabilities in markets around the world. Daniel Stanton, Payments Product Head in GPS at Bank of America, said completing the first transaction demonstrates the practical application of the solution and is an important step as the capability expands to more countries, currencies and client payment types. Building on the collaboration, Bradesco and Bank of America are also piloting a separate U.S. payment route through Swift to improve the speed, predictability and transparency of consumer and small-business international payments.

Oswaldo Tadeu Fernandes, an Executive Officer at Banco Bradesco S.A., reported a direct purchase of 79,782 of the company's preference shares for $1.4 million on Sept. 18, 2026, according to an SEC Form 4 filing. The acquisition raised Fernandes's total direct position to 348,575 shares, a 30% increase in the number of shares he held before the filing. Shares were acquired at a weighted-average price of $17.98, while the stock closed at $3.43 on the transaction date and stood at $3.52 as of the Sept. 21, 2026 market close. No indirect holdings or derivative securities were reported, leaving his equity position concentrated entirely in direct ownership. Banco Bradesco, one of Brazil's largest financial institutions, has a market capitalization of $37.2 billion and approximately 82,095 full-time employees.

Guidewire Software reported strong cloud deal activity and expanding AI adoption in its fiscal third quarter of 2026, closing 11 cloud deals including a seven-year expansion with Auto Club of Southern California and a strategic net-new cloud win with Bradesco Seguros in Brazil. The company also completed five ProNavigator deals, embedding AI-driven workflow automation into core insurance operations, and secured three PricingCenter wins, including its first U.S. deal at Oklahoma Farm Bureau. However, services revenue surged 32% year over year to $71.8 million, carrying a non-GAAP gross margin of just 14.3% compared with 74.1% for subscription and support, which dilutes the benefits of subscription-led growth. For fiscal 2026, Guidewire expects services revenues of about $270 million and a services gross margin of about 14%, while the stock currently carries a Zacks Rank #3 (Hold) with a Growth Score of B but weaker Value and Momentum scores.

Banco Bradesco holds a Zacks Rank #2 (Buy) and a Value grade of A, signaling it may be undervalued. The stock trades at a P/E of 7.33, well below the foreign bank industry average of 11.08, and its PEG ratio of 0.42 compares favorably to the industry's 0.67. BBD's price-to-book ratio of 1.15 is less than half the industry's 2.85, while its price-to-sales ratio of 0.8 and price-to-cash-flow ratio of 7.59 also sit far below industry averages of 2.22 and 18.20, respectively. Macro Bank, another foreign bank with a Zacks Rank #1 (Strong Buy) and Value grade of A, shows similarly attractive valuations, including a forward P/E of 5.21 and a PEG of 0.38.