15 Best Penny Stocks to Buy According to Billionaires

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7. Banco Bradesco S.A. (NYSE:BBD)

Price: $2.15

Number of Hedge Fund Holders: 18 

Number of Billionaire Investors: 7

Total Value of Billionaire Holdings: $218,772,271

Banco Bradesco S.A. (NYSE:BBD) operates as a diversified financial services provider in Brazil and internationally. It offers a range of banking and non-banking products including deposits, loans, credit cards, and cash management.

In the fiscal fourth quarter of 2024, the company delivered a recurring net income of R$5.4 billion reflecting a 37% year-over-year increase. Moreover, it also grew its loan portfolio by 12% during the same time driven by micro, small, and medium enterprises. Banco Bradesco S.A. (NYSE:BBD) has been focused on strategic restructuring and operational shifts. It worked on improving its digital presence as a result during the quarter, 99% of transactions occurred through digital channels. Moreover, the bank closed its physical branches to support investment in its digital venture. The stock was held by 7 billionaires in Q4 2024, making it one of the best penny stocks to buy according to billionaires.

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