7 Best Emerging Markets Stocks To Buy Now

5. Banco Bradesco S.A. (NYSE:BBD)  

Number of Hedge Fund Holders: 22

Country: Brazil

Banco Bradesco S.A. (NYSE:BBD) is one of Brazil’s largest banks, offering a comprehensive range of financial services, including loans, insurance, and asset management. The bank generates income through interest on loans, insurance premiums, and transaction fees. To drive growth, Banco Bradesco S.A. (NYSE:BBD) is investing heavily in digital banking platforms and expanding its insurance and wealth management segments.

Banco Bradesco S.A.’s (NYSE:BBD) growth trajectory is driven by its expanding client base, improved profitability, and strategic initiatives. In Q3, the bank’s net income increased 11%  to  $868.01 million, an 11% growth compared to the previous quarter. The bank’s loan portfolio grew by 3.5% quarter-on-quarter, with a notable 17% growth in small and medium-sized enterprises (SMEs) lending. Additionally, the bank added 1.8 million new clients.

Banco Bradesco S.A. (NYSE:BBD) emphasizes customer-centricity, ensuring its actions revolve around client needs. With extensive nationwide coverage and strategic international locations, the bank has streamlined its organizational structure for quicker decision-making and enhanced client support. Additionally, it has adapted its service model through a broad distribution network. Furthermore, the bank is launching a new segment for high-net-worth individuals, which is expected to enhance its service offerings and attract more affluent clients.