Banco do Brasil shares fell 7% on disappointing data

infomoney.com.br (Portuguese)

Banco do Brasil shares dropped 7% after the Central Bank released disappointing operational data. The data revealed a net profit of R$516 million for May, significantly below market projections and indicating a weaker than expected second quarter. Analysts cited concerns about the agribusiness loan portfolio and potential structural issues impacting the bank's performance.


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Banco do Brasil shares fell 7% on disappointing data | News Minimalist