Banco do Brasil’s second quarter results led to an exclamation of shocked surprise from one Santander analyst, whose report carried the headline: ‘BBAS3 porrada!’ Depending on your translation of Brazilian slang, this may or may not be a palavrao (swear word) – a surprisingly complicated question, judging from the opinions of the Brazilians I polled on the subject – but it refers to a fight, or brawl.
What’s surely more certain is that the state bank’s surprising set of results will have turned the air blue at Bradesco.
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