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Top related persons:
Alexsandro Broedel - 2 Leonard Linnet - 1 Unibanco - 1 Ed Yardeni - 1 Morgan Stanley - 1 Broedel - 1 That's - 1 Itaú's Linnet - 1
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Brazil U.S New York Latin America Rio de Janeiro
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Federal - 1 Brazil — - 1 CNBC - 1 Yardeni Research - 1 Petrobras - 1 Vale - 1 REUTERS - 1 SAO PAULO - 1

Search resuls for: "Broedel"


4 mentions found


☆ There's a bull case emerging in Brazilian stocks for long-term investors
  + stars: | 2024-06-02 | by ( Fred Imbert | ) www.cnbc.com   time to read: +4 min
Recent struggles in Brazilian stocks could be an opportunity for investors to buy into Latin America's largest economy at a discount. There are also other factors that can boost Brazilian stocks going forward, including an attractive valuation and investor positioning. Low valuations and strong consumer Brazilian stocks are very cheap, especially compared to the other emerging markets. Another catalyst for Brazilian stocks may be stronger consumer spending. How to invest Investors in the U.S. can gain exposure to Brazilian stocks via the EWZ ETF and its small-cap counterpart, the EWZS.
Persons: Leonard Linnet, Unibanco, Ed Yardeni, Morgan Stanley, Alexsandro Broedel, Broedel, That's, Itaú's Linnet Organizations: Federal, Brazil —, CNBC, Yardeni Research, Petrobras, Vale Locations: Brazil, U.S, New York, Latin America
☆ Profits for Brazil's Itau Unibanco up 14%, beat expectations
  + stars: | 2023-08-07 | by ( Peter Frontini | ) www.reuters.com   time to read: +2 min
A man is reflected in an Itau branch window in Rio de Janeiro, Brazil April 29, 2019. REUTERS/Sergio Moraes/File PhotoSAO PAULO, Aug 7 (Reuters) - Brazilian lender Itau Unibanco (ITUB4.SA) reported a 14% increase in second-quarter net profit from a year earlier, beating expectations, while also keeping default rates stable, the bank said in a securities filing on Monday. Latin America's biggest private sector lender posted recurring net profit of 8.74 billion reais ($151 million) during the April-to-June period, while analysts polled by Refinitiv expected 8.63 billion reais. Delinquency, measured by a 90-day default ratio, came in at 3.0%, essentially flat compared to the first quarter. Credit costs during the quarter grew 25% from a year earlier to reach 9.44 billion reais, as the lender set aside more money for customers defaulting on loans.
Persons: Sergio Moraes, Itau, Alexsandro Broedel, Peter Frontini, Carolina Pulice, David Alire Garcia, David Gregorio, Kim Coghill Organizations: REUTERS, SAO PAULO, Citi, Santander, Bradesco, Thomson Locations: Rio de Janeiro, Brazil
☆ Bigger loans help Brazil bank Itau's earnings outclass peers
  + stars: | 2022-11-11 | by ( ) www.reuters.com   time to read: +2 min
Latin America's largest bank reported a third-quarter recurring net income of 8.08 billion reais ($1.51 billion), landing just below the 8.11 billion reais estimate of analysts polled by Refinitiv. Itau hiked its provisions for bad loans by nearly 50% to 8.27 billion reais, though unlike its peers, it did not raise its 2022 forecast for loan-loss provisions. The size of its loan book surged 15.5% year-on-year to reach 1.11 trillion reais, fueled by more personal loans. The company also reported higher income from interest it earned on customer debt. Its customer net interest income (NII) jumped 33% from a year earlier to reach 23.38 billion reais.
☆ Brazilian lender Itau's higher profits slightly miss forecasts on bad loan provisions
  + stars: | 2022-11-10 | by ( ) www.reuters.com   time to read: +1 min
SAO PAULO, Nov 10 (Reuters) - Brazilian lender Itau Unibanco SA (ITUB4.SA) on Thursday posted a 19% jump in recurring net profit, which nevertheless landed slightly below expectations as it raised provisions for bad loans amid soaring interest rates. Latin America's largest bank reported a third-quarter recurring net income of 8.08 billion reais ($1.51 billion). Analysts polled by Refinitiv had expected profit of 8.11 billion reais. Net interest income (NII) from its customers jumped 33% from a year earlier to reach 23.38 billion reais. Itau reported a 90-day default ratio of 2.8% at the end of September, rising above the previous quarter's 2.7% albeit at a much slower pace than its peers.
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