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| Bearing fruit: Banco do Brasil |
Banco do Brasil’s turnaround story continues to impress, but equity analysts that cover the bank say investors tend to have a misconception about the bank’s risk fundamentals.
As a state bank, it is perhaps unsurprising that Banco do Brasil sold off more than the other Brazilian banks during recent bouts of political volatility.
However, with the Brazilian economy improving and the bank’s management continuing to execute on its plan to place profitability at the heart of the bank’s strategy, some analysts believe it now offers a leveraged play on the country’s anticipated economic recovery.
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