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Banco Bradesco Stock Price Slides 5% as Brazil Bank Shares Drop Ahead of Rate Call
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Banco Bradesco Stock Price Slides 5% as Brazil Bank Shares Drop Ahead of Rate Call
Banco Bradesco’s U.S.-listed ADRs fell about 5% to $3.65 Thursday amid a broad selloff in Brazilian bank stocks. The drop followed mixed February inflation data and uncertainty over Brazil’s central bank rate decision next week. Bradesco shareholders approved a 6.67 billion-real capital increase and advanced plans to fold healthcare assets into Odontoprev, to be renamed Bradsaúde. The post Banco Bradesco Stock Price Slides 5% as Brazil Bank Shar…
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