🔴 Banco Bradesco is trading 19.88% down today as Brazil reprices assets after Lula’s reelection

Banco Bradesco is trading at BRL 14.47, down 19.88%, as Brazilian assets reprice after Luiz Inácio Lula da Silva’s surprise October 25 reelection.

• Reports linked a broad selloff in Brazilian shares and banks to investor concern over the election; U.S. markets were modestly higher.
• The move points to a Brazil-specific political and macro shock, rather than the positive global equity trend. Recent credit-quality concerns added pressure.