Shares of Bank Bradesco SA (BBD) skyrocketed 16.70% in Thursday's trading session, building on the pre-market momentum following the release of its impressive first-quarter 2025 earnings report. The Brazilian banking giant's financial results exceeded analyst expectations, triggering a surge of investor confidence.

Bank Bradesco reported adjusted earnings per share of 10 cents for the quarter ended March 31, surpassing the mean analyst estimate of 9 cents. The company's quarterly revenue increased by 4.7% year-over-year to $3.82 billion, demonstrating resilience in a challenging economic environment. Notably, the bank's net income for the quarter reached an impressive $957.9 million, further solidifying its strong financial position.

The market's enthusiastic response to Bank Bradesco's earnings release reflects growing investor optimism about the company's performance and growth trajectory. Prior to this announcement, the stock had already gained 23.0% year-to-date, with a 5.4% increase in the current quarter alone. While the average analyst rating on Bank Bradesco shares remains a "hold" with a median 12-month price target of $2.55, the strong Q1 results may prompt analysts to reconsider their outlook and potentially lead to upgrades in the near future.