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0 0.000848896434634956 0 0.000848896434634956 -0.00509337860780989 -0.00594227504244485 -0.00509337860780989 -0.00254668930390502
Stock impact report

Betting Against Lula Means Missing Out on Brazilian Bank's 76% Return [BNN Bloomberg (Canada)]

Banco Santander Brasil SA American Depositary Shares, each representing one unit (BSBR) 
Last banco santander brasil sa american depositary shares, each representing one unit earnings: 11/1 04:01 pm Check Earnings Report
Company Research Source: BNN Bloomberg
da Silva would hurt the company's performance by using it to juice the nation's economy. State-controlled Banco do Brasil was the best-performing bank on the benchmark Ibovespa index in 2023, posting a total return roughly 30 percentage points higher than Itau Unibanco Holding SA, the nation's largest bank by assets. The performance gap is likely to continue this year, according to analysts' forecasts. “The market over-penalizes Banco do Brasil given that the bank has delivered great results with a return on equity comparable to a first-rate, non-government-owned bank,” Ricardo Peretti, a strategist at Banco Santander Brasil SA, said in an interview. On the campaign trail, Lula promised to combat poverty and bring back the type of prosperity that Latin America's largest economy experienced when he oversaw the nation at the start of the century. That led to fears among some investors that Banco do Brasil, with 2.2 trillion reais ($450 billion) in assets, might get tapped to fund Show less Read more
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