Banco Bradesco S.A. American Depositary Shares (Each representing one Preferred Shares)

About Banco Bradesco S.A. American Depositary Shares (Each representing one Preferred Shares)

Banco Bradesco is Brazil's second-largest private bank, with about 10%-15% of deposits, and the largest insurance provider in Brazil, with roughly 20%-25% market share. The bank is majority controlled by the Bradesco foundation, a private nonprofit institution focused on education. The bank is also a major asset manager with high-single-digit market share. In 2016, Bradesco acquired the Brazilian operations of HSBC.