Why Banco Bradesco's Stock Is Trading Higher Today

Banco Bradesco BBD shares are trading higher on Tuesday. The shares of several Brazilian companies are trading higher after the Brazilian government announced the extension of emergency aid.

Banco Bradesco is Brazil's fourth-largest bank, with about 15% of deposits, and the largest insurance provider in Brazil, with roughly 25% market share. The bank provides services through a network of more than 4,600 branches, the largest footprint of all privately controlled banks in Brazil.

Banco Bradesco's stock traded up 4.11% at $3.92 per share at the time of publication on Tuesday. The stock has a 52-week high of $8.47 and a 52-week low of $2.68.