STXNEWS LATAM-Brazil stocks open lower on weaker Banco do Brasil

Wed May 15, 2013 9:23am EDT

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Brazilian stocks fell early on Wednesday, with shares of Banco do Brasil contributing most to the loss after the state-controlled lender reported weaker than expected first quarter earnings.

Shares of Banco do Brasil were down 2 percent, while the benchmark Bovespa stock index lost 0.21 percent to 54,551.75 points.