Bradesco Bank (NYSE:BBD)a major Brazilian bank, closed Tuesday at $4.14, up 4.28%. The move could be related to hopes of interest rate cuts in Brazil, potentially starting in March. Rates are currently near 15% and Brazil’s central bank policymakers will meet tomorrow, January 28.

Trading volume reached 60.8 million shares, coming in about 76% above its three-month average of 34.5 million shares. Banc Bradesco went public in 2002 and has grown 387% since its IPO.

S&P 500 (SNPINDEX:^GSPC) added 0.41% to end Tuesday at 6,978.60, while the Nasdaq composed (NASDAQINDEX:^IXIC) rose 0.91% to 23,817.10. Among Brazilian banks, Itaú Unibanco (NYSE:ITUB) closed up 4.65% at $8.78 and Banco Santander (NYSE: BSBR) gained 4.57% to end at $7.10, reflecting broad sector strength.

Banco Bradesco rose alongside other Brazilian banks today as the country’s January inflation data came in slightly below expectations. According to Bloomberg, economists predict that the Selic, its benchmark interest rate, will be cut from 15% to 12.25% by the end of the year. The reduction is likely to start in March.

Brazilian news also reported today that Bradesco plans to strengthen its fixed income team to gain more market share. Bradesco is due to report earnings on February 5, 2026. The bank’s share price is up nearly 115% year-to-date, and investors will be watching to see if it can sustain its momentum.

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Today’s stock market, January 27: Bradesco bank rises ahead of Brazil’s Central Bank meeting was originally published by The Motley Fool