Banco do Brasil SA (BBAS3.SA)
R$ 0.48 (+1.76%)
|Market Cap (Mil.):||R$ 78,082.62|
|Shares Outstanding (Mil.):||2,865.42|
UBS Securities analysts led by Sean Glickenhaus introduced an "outperform" recommendation on state-run Banco do Brasil SA's 9 percent and 9.25 percent perpetual bonds only for long-term investors, and "market perform" on the 8.5 percent and 6.25 percent perpetual debt. In a client note released early on Tuesday, Glickenhaus said some of Banco do Brasil's perpetual debt pay compelling yields and the likelihood that the nation's biggest bank by assets hits the write-down trigger remains limited,
RIO DE JANEIRO, Oct 1 - Brazil's government has no plans to sell the shares of state-run Banco do Brasil SA owned by the nation's sovereign wealth fund, to help close a shortfall in the federal budget, a top finance ministry official said on Wednesday.
Brazil's central bank authorized state-run Banco do Brasil SA , the nation's largest lender by assets, to book 8.1 billion reais ($3.4 billion) from a capital injection made by the National Treasury as common capital and Tier 1 capital. The central bank decision, which Banco do Brasil unveiled in a securities filing on Monday, is retroactive to Aug. 28.
SAO PAULO, Aug 18 - Banco do Brasil SA, long a powerhouse in lending and insurance in Latin America's largest economy, is betting big on a segment that has traditionally been dominated by global rivals to bolster its profit outlook.
(Recasts to add forecast on spreads, loan book trends, comments)
Aug 13 - Banco do Brasil's board of directors on Wednesday approved the upgrade of its American depositary receipts to Level II, which requires Brazil's largest lender to provide more corporate information to U.S. regulators.
SAO PAULO, Aug 12 - Brazil's biggest lender Banco do Brasil approved on Tuesday a partnership with Votorantim Financas to expand its businesses with focus on payroll deductible loans.
- A unit of Brazilian state-run lender Banco do Brasil SA plans to launch its first Islamic fund to help raise the profile of its Singapore unit, joining a growing list of asset managers returning to the sharia-compliant sector.
July 17 - A unit of Brazilian state-run lender Banco do Brasil SA plans to launch its first Islamic fund to help raise the profile of its Singapore unit, joining a growing list of asset managers returning to the sharia-compliant sector.
Brazilian state-run lender Banco do Brasil SA said on Monday that $2.45 billion raised from the sale of dollar-denominated, perpetual subordinated bonds were considered eligible to satisfy the bank's Tier 1 capital requirements under the central bank's guidelines to meet Basel III regulations.
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Banco do Brasil SA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
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