Tag Archives: BBD

BTG Pactual IPO: carnival time for Brazilian banks?

posted on April 25, 2012 at 4:00 pm by Sean Geary

Brazil’s largest independent investment bank BTG Pactual is set to offer the world’s fourth largest initial public offering for the year 2012 in Brazil this week. The bank is looking to raise around $2 billion in the oversubscribed offering.

Banks Brazil BRICs Emerging Markets Stocks

Boom! Worst day for Brazilian banks since last August

posted on April 25, 2012 at 1:00 pm by Scott Martin

Shares of Itau Unibanco (ITUB, quote) are down over 5% this morning as traders digest news that the quality of Brazil’s leading investment bank’s balance sheet is indeed deteriorating, taking profits down with it.

Banks Brazil Latin America Stocks

Brazilian banks have to lend – or else

posted on April 18, 2012 at 6:00 am by Scott Martin

Stocks around the emerging world have had a tough week, but the Brazilian financial sector has been lagging the rest of the Bovespa, not to mention banks elsewhere. There’s a good reason for this, and it hasn’t been reported widely.

Banks Brazil Latin America Politics Stocks

Looking for exposure to the Brazilian middle class?

posted on April 12, 2012 at 8:00 am by Sean Geary

Companies like Companhia de Bebidas das Américas (ABV, quote) and Companhia Brasileira de Distribuição (CBD, quote) may offer better pure plays on the Brazilian middle class, but neither can match the exposure to middle class growth and cheap valuation that Itaú Unibanco (ITUB, quote) offers.

Banks Brazil BRICs Stocks

Which Indian bank deserves your money?

posted on April 4, 2012 at 8:00 am by Scott Martin

ICICI Bank (IBN, quote) and HDFC Bank (HDB, quote) tend to be lumped together by U.S. traders so eager to get exposure to the Indian banking sector they’re willing to gloss over the distinction between two very different stocks.

Asia Banks India Interest Rates Stocks

Brazilian banks continue to be more profitable than U.S. peers

posted on March 15, 2012 at 4:19 pm by Marta Dhanis

Brazilian banks are more profitable than Americans for the eighth consecutive year, according to a recent survey from consulting Economatica.

Banks Brazil ETFs Latin America Stocks

Moody puts negative outlook on Brazilian banks

posted on March 14, 2012 at 12:10 pm by Marta Dhanis

The rating agency Moody’s has put the ratings of the nine biggest banks doing business in Brazil on negative credit outlook.

Banks Brazil Latin America Stocks

Valuation keeps Bradesco interesting to Raymond James

posted on March 7, 2012 at 11:30 am by Marta Dhanis

Raymond James recently issued note on Banco Bradesco (BBD, quote), downgrading its target price to $23 from previous $25. However, the analysts restated their “outperform” recommendation on the bank’s shares.

Banks Brazil Latin America Stocks

Fitch rates Bradesco’s proposed issuance “BBB”

posted on March 5, 2012 at 7:15 am by Marta Dhanis

Fitch Ratings has assigned a preliminary rating “BBB” to the proposed issuance of a subordinated note from Banco Bradesco (BBD, quote). The final rating is contingent upon the receipt of final documents conforming to information already received.

Banks Brazil BRICs Latin America Markets Stocks

Raymond James likes Bradesco and Itau over Santander

posted on March 2, 2012 at 7:15 am by Marta Dhanis

Financial services holding company Raymond James recently initiated coverage on Banco Santander Brasil (BSBR, quote) with a “market perform” rating, stating their clear preference for rival banks Bradesco (BBD, quote) and Itaú Unibanco (ITUB, quote), both rated “outperform.”

Banks Brazil Latin America Stocks

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