Banco do Brasil SA (BBAS3.SA)
R$ 0.08 (+0.35%)
|Market Cap (Mil.):||R$ 64,758.43|
|Shares Outstanding (Mil.):||2,865.42|
The board of Brazilian state-controlled lender Banco do Brasil said on Friday it approved a plan to buy back up to 50 million shares for a period of 365 days.
By Guillermo Parra-Bernal, Aluísio Alves and Natalia Gómez
* Recurring profit at $1.3 bln misses estimates in poll * Drastic cut in provisions helped offset lower revenue * Management vows to maintain loan book growth guidance * Recurring ROE dips to lowest level in over four years By Guillermo Parra-Bernal SAO PAULO, May 15 - Banco do Brasil SA missed first-quarter profit estimates on Wednesday, as declining revenue at Brazil's largest bank by assets offset the effects of faster loan disbursements and a reduction in pro
SAO PAULO, May 15 - Banco do Brasil SA, the nation's largest bank by assets, is eyeing currencies other than the U.S. dollar for a potential bond issuance this year, Chief Financial Officer Ivan Monteiro said in a conference call on Wednesday.
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.
SAO PAULO, May 15 - Banco do Brasil SA missed first-quarter profit estimates on Wednesday after declining revenue at Brazil's largest bank by assets offset the effects of faster disbursements and a reduction in bad loan provisions.
* Vale shares rise after 1st-quarter earnings beat estimates * Santander, Banco do Brasil weigh on Brazil's Bovespa * Bovespa dips 0.04 pct, Mexico IPC rises 0.6 pct By Asher Levine and Roberta Vilas Boas SAO PAULO, April 25 - A recent rally in Brazilian stocks lost steam on Thursday after shares failed to break a resistance level for the second straight session, while Mexican equities rebounded from a more than one-month low. Brazil's benchmark Bovespa stock inde
* Vale shares rise after Q1 earnings beat estimates * Santander, Banco do Brasil weigh on Brazil's Bovespa * Bovespa adds 0.49 pct, Mexico IPC drops 0.18 pct By Asher Levine and Roberta Vilas Boas SAO PAULO, April 25 - Brazilian stocks rallied for the sixth straight day on Thursday as a gain in mining giant Vale offset a decline in bank shares. Bottling group Femsa dragged Mexico's IPC index to its second straight loss, while Chile's bourse edged lower. Brazi
SAO PAULO, April 17 - Banco do Brasil SA said on Wednesday that securities regulator CVM had lifted the suspension of the initial public offering of its BB Seguridade insurance unit, according to a securities filing.
SAO PAULO, April 15 - Brazil securities regulator CVM on Monday suspended the initial public offering of Banco do Brasil SA's insurance unit BB Seguridade for 30 days, citing irregularities in the use of advertising materials.
Earnings vs. Estimates
Analyst Research Reports
Banco do Brasil SA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Thomson Reuters StreetEvents
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