US EditionBANCO DO BRASIL (BBAS3): Legacy maintains a position sold and projects drastic cut in dividends - Global Happenings
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BANCO DO BRASIL (BBAS3): Legacy maintains a position sold and projects drastic cut in dividends - Global Happenings
(Image: Marcelo Camargo/Agência Brasil) THE Legacy Capital told investors that maintain a position sold (shorts) in Banco do Brasil’s actions (BBAS3) and that projects a strong reduction in the payment of dividendswhich may fall in half or more. Continues after advertising Continues after advertising According to the manager, who manages $ 15 billion, the increase in provisions should press profits and compromise distribution, which weaken…
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