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Bb's Horror Three: 8% Roe, Falls in the Guide, Dividends
Summary by braziljournal.com
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The Bank of Brazil reported a result to be forgotten in the second quarter, delivering only 8.4% ROE, reducing its profit guidance for the year and cutting dividends, one of the main attractions of its action. The figures came down to 30% below the expectations already low in the sellside, and led to a drop in the market opening, after the paper had already spent 17% since the beginning of the year. The drop was only not greater because the mark…
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