|Day's Range||7.74 - 8.56|
|52 Week Range||6.48 - 11.00|
|PE Ratio (TTM)||8.72|
|Dividend & Yield||0.01 (0.11%)|
|1y Target Est||N/A|
Banco Santander Brasil SA, Itau Unibanco Holding SA, and Banco Bradesco SA are plunging on news that Brazilian President Michel Temer is involved in his own bribery and corruption scandal.
The mushrooming number of digital financial companies in Brazil is forcing Itau Unibanco Holding (ITUB), Banco Bradesco (BBDO) and other big players to close physical branches. Of late, the issue for branches is damage: protests in Brazil against austerity resulted in shattered bank windows. Moody's Financial Services noted last week that Brazil bank Itau has closed 10% of its branch network in the last three years, and Banco Bradesco plans to shut branches after buying HSBC's Brazilian operations.