5 Most Profitable Penny Stocks Now

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

Trailing Twelve Month Net Income: $3.87 billion (1BRL = 0.19USD)

Number of Hedge Fund Holders in Q3 2022: 15

Banco Bradesco S.A. (NYSE:BBD) is a Brazilian regional bank that provides both banking and insurance services. The firm is based in Osasco, Brazil.

Banco Bradesco S.A. (NYSE:BBD) disappointed investors when it reported its 2022 financial results in February 2023 as it posted a massive 75% drop in net income and increased its loan loss provisions. As part of their September quarter of 2022 shareholdings, 15 of the 920 hedge funds surveyed by Insider Monkey had held a stake in the bank.

Out of these, Ken Fisher’s Fisher Asset Management is Banco Bradesco S.A. (NYSE:BBD)’s largest investor. It owns 22 million shares that are worth $66 million.

Follow Banco Bradesco S A (NYSE:BBD)