

Nasdaq vs Bradesco
Global stock exchange operator and financial technology provider vs Major Brazilian bank with banking and insurance services. Which is the better buy for your portfolio in September 2026? Plain-English answer below.
Nasdaq runs the exchange infrastructure and financial technology platforms that power capital markets while Bradesco is one of Brazil's largest private banks serving tens of millions of retail and corporate clients. Both businesses thrive when financial activity accelerates, whether through trading volumes, loan demand, or capital raising. Nasdaq vs Bradesco sets a U.S. exchange operator's recurring SaaS-like software revenue against a Brazilian banking giant's net interest margins and credit quality in an emerging-market environment.
Nasdaq runs the exchange infrastructure and financial technology platforms that power capital markets while Bradesco is one of Brazil's largest private banks serving tens of millions of retail and cor...
Why It’s Moving

Nasdaq leans into IPO momentum, AI and tokenization as investors weigh growth against execution risk.
- At the September 14 Barclays conference, management pointed to a strong IPO pipeline, improving capital-markets activity and continued demand for index and data products, supporting the company’s recurring-revenue outlook.
- Nasdaq announced a $100 million investment in Payward, Kraken’s parent, alongside work on tokenized equities, 24/7 trading infrastructure and market surveillance; the move opens a new growth avenue but adds regulatory and execution risk.
- Nasdaq completed its acquisition of Dasseti, an AI-powered due-diligence and monitoring platform, expanding its fintech offering across public and private markets and reinforcing its push into software and data services.

BBD’s rebound faces fresh pressure as weaker profit estimates and credit risks cap optimism.
- On September 8, Bank of America reduced its 2027 earnings estimate for Bradesco by 8%, signaling that analysts see a slower profit recovery despite maintaining a constructive view.
- Bradesco was removed from Santander’s September model portfolio, although Santander reportedly kept a positive recommendation, underscoring the gap between near-term positioning and longer-term views.
- Credit-quality concerns remain a key overhang: Brazilian banks are facing higher funding costs and elevated delinquencies, which could limit loan growth and increase provisions.

Nasdaq leans into IPO momentum, AI and tokenization as investors weigh growth against execution risk.
- At the September 14 Barclays conference, management pointed to a strong IPO pipeline, improving capital-markets activity and continued demand for index and data products, supporting the company’s recurring-revenue outlook.
- Nasdaq announced a $100 million investment in Payward, Kraken’s parent, alongside work on tokenized equities, 24/7 trading infrastructure and market surveillance; the move opens a new growth avenue but adds regulatory and execution risk.
- Nasdaq completed its acquisition of Dasseti, an AI-powered due-diligence and monitoring platform, expanding its fintech offering across public and private markets and reinforcing its push into software and data services.

BBD’s rebound faces fresh pressure as weaker profit estimates and credit risks cap optimism.
- On September 8, Bank of America reduced its 2027 earnings estimate for Bradesco by 8%, signaling that analysts see a slower profit recovery despite maintaining a constructive view.
- Bradesco was removed from Santander’s September model portfolio, although Santander reportedly kept a positive recommendation, underscoring the gap between near-term positioning and longer-term views.
- Credit-quality concerns remain a key overhang: Brazilian banks are facing higher funding costs and elevated delinquencies, which could limit loan growth and increase provisions.
Investment Analysis

Nasdaq
NDAQ
Pros
- Nasdaq operates a highly scalable and diversified business model spanning market data, technology, and listings services.
- The company maintains a strong balance sheet with consistent cash flow generation and a history of prudent capital allocation.
- Nasdaq benefits from global regulatory tailwinds and increasing demand for market infrastructure and cybersecurity solutions.
Considerations
- Nasdaq's revenue is sensitive to trading volumes and market volatility, which can impact its core transaction-based businesses.
- The company faces intense competition from other global exchanges and alternative trading platforms.
- Expansion into new markets and technologies carries execution risks and may require significant investment.

Bradesco
BBD
Pros
- Bradesco offers a high dividend yield, supported by a solid payout ratio and a history of consistent shareholder returns.
- The bank maintains a leading market position in Brazil with strong profitability metrics and a diversified financial services portfolio.
- Bradesco's share buyback program and robust capital adequacy support shareholder value and financial flexibility.
Considerations
- Bradesco's performance is closely tied to Brazil's economic conditions, exposing it to currency and macroeconomic volatility.
- The bank faces regulatory risks and potential margin compression in a competitive domestic banking sector.
- Preferred shares lack voting rights, limiting shareholder influence over corporate decisions.
Nasdaq (NDAQ) Next Earnings Date
Nasdaq, Inc. (NDAQ) is expected to report its next earnings on October 20, 2026. The release is expected to cover the third quarter of 2026, ending September 30. The date remains an estimate rather than a formally confirmed announcement.
Bradesco (BBD) Next Earnings Date
Banco Bradesco S.A. (NYSE: BBD) is expected to report its next earnings on November 4, 2026. The release is expected to cover the third quarter of fiscal 2026. The date remains subject to confirmation by the company.
Nasdaq (NDAQ) Next Earnings Date
Nasdaq, Inc. (NDAQ) is expected to report its next earnings on October 20, 2026. The release is expected to cover the third quarter of 2026, ending September 30. The date remains an estimate rather than a formally confirmed announcement.
Bradesco (BBD) Next Earnings Date
Banco Bradesco S.A. (NYSE: BBD) is expected to report its next earnings on November 4, 2026. The release is expected to cover the third quarter of fiscal 2026. The date remains subject to confirmation by the company.
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