From The Motley Fool · Brendan Coffey · · 1m 10s
Banco Bradesco Director Buys $562k Shares
Banco Bradesco director Nunes buys $562,000 preferred shares as Bradesco rallies.
In brief
Banco Bradesco director Nunes buys $562,000 preferred shares as Bradesco rallies. Banco Bradesco director Regina Helena Jorge Nunes purchased 31,266 preferred shares worth $562,000, signaling bullish confidence in the bank's share price. Originally reported by The Motley Fool.
Banco Bradesco Director Nunes
Regina Helena Jorge Nunes, a Banco Bradesco S.A. director, reported a direct purchase of 31,266 shares in a SEC Form 4 filing.
Purchase Details
Nunes bought 31,266 preferred shares at $17.98 per share, totaling $562,163.
Post-Transaction Value
The purchase value is $107,242.38 based on Sept. 18, 2026 market close price of $3.43 per share.
Market Context
Banco Bradesco reported a 5% total return over the past 12 months with BRL 341.3 billion revenue and BRL 24.3 billion net income.
Insider Buying Significance
Insider purchases typically signal bullish confidence, with studies showing higher share prices 30 days later.
Recent Market Trends
Brazil's economy performed better than expected with unemployment at 5.4% and interest rates falling to 14% in August.
Investor Reaction
Bradesco shares rose after a JP Morgan upgrade, aligning with Nunes's timing and bullish expectations.
At a glance
Banco Bradesco director Regina Helena Jorge Nunes purchased 31,266 preferred shares worth $562,000, signaling bullish confidence in the bank's share price.
