Business · Markets · 4 hrs ago
Bradesco approves 18-month share buyback
Bradesco's board approved a share buyback on Thursday.
The Brazilian bank plans to repurchase about 3.55% of its outstanding common shares and 1% of its preferred shares.
It may buy back up to 53,413,506 common shares and 53,171,375 preferred shares.
The programme will run for 18 months, according to the bank.
Bradesco shares fell on Thursday, with common shares closing down 1.97% and preferred shares down 2.08%.
The bank can carry out the buyback during the programme period, though no further timing details were given.
Bradesco’s board approved an 18-month share buyback program, the bank announced on Thursday, October 22.
The program covers about 3.55% of Bradesco’s outstanding ordinary shares and about 1% of its preferred shares.
Bradesco may repurchase up to 53,413,506 ordinary shares and 53,171,375 preferred shares.
The bank disclosed the approval in a material fact notice.
Bradesco’s ordinary shares closed at 17.91 reais, down 1.97% for the session, while preferred shares closed at 20.22 reais, down 2.08%.
- Who
- Bradesco’s board approved the program.
- What
- Bradesco approved a share buyback of up to 53,413,506 ordinary shares and 53,171,375 preferred shares.
- When
- Thursday, October 22, 2026.
- Where
- Not stated.
- Why
- Not stated.
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- Program duration
- 18 months
- Ordinary shares
- Up to 53,413,506
- Preferred shares
- Up to 53,171,375
- Ordinary share price
- 17.91 reais at Thursday’s close
- Preferred share price
- 20.22 reais at Thursday’s close