Banco do Brasil: Q2 Shows The Effect Of Lower Rates, Long-Term Buy
BDORYBanco Do Brasil(BDORY) Seeking Alpha·2024-09-05 09:32

RafaPress Banco do Brasil's (OTCPK:BDORY) 2Q24 results aligned with their yearly guidance, although analysts were concerned about an increase in allowances, challenges in the agricultural segment, and a continued fall in margins. Looking long-term, the company seems strongly positioned to grow with Brazil, being one of the strongest banks in the system. It is not as affected by competition from fintechs and has good average ROE and book growth. The main risk for the stock is the devaluation of the Brazilian ...