Banco Do Brasil’s Profit Slumps as Farm Defaults and Tough Rules Shock System

Banco do Brasil’s Profit Slumps as Farm Defaults and Tough Rules Shock System

Banco do Brasil, Brazil’s biggest state-owned bank, just took a major financial hit. Its latest results show profits for the second quarter fell 60% to R$ 3.8 billion ($691 million), missing analyst expectations. For four years, Banco do Brasil’s profits kept climbing. Now, after just two rough quarters, that streak has been broken. So, what […]

Banco do Brasil (BBAS3) Will they fall? How the market should react to results - Global Happenings

With regard to the quality of the BB credit portfolio, the signs followed very bad (image: Marcelo Camargo/Agência Brasil) With profit well below expectation, at R $ 3.8 billion, and a ROE (Return on Equity) of only 8%, worst level in decades, it is expected that the Banco do Brasil (BBAS3) Handle again. Continues after advertising Continues after advertising Since August 1, when he leaned at the minimums of the year, the action had a slig…