BBAS3.SA - Banco do Brasil S.A.

Sao Paolo - Sao Paolo Delayed Price. Currency in BRL
48.85
+1.65 (+3.50%)
At close: 5:11PM BRT
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Previous Close47.20
Open47.66
Bid48.55 x 0
Ask48.98 x 0
Day's Range47.52 - 49.20
52 Week Range24.14 - 55.91
Volume16,452,300
Avg. Volume11,253,557
Market Cap136.073B
Beta (3Y Monthly)1.93
PE Ratio (TTM)10.76
EPS (TTM)4.54
Earnings DateMay 9, 2019
Forward Dividend & Yield1.29 (2.65%)
Ex-Dividend Date2019-03-12
1y Target Est46.13
  • Moody's13 days ago

    Companhia Siderurgica Nacional (CSN) -- Moody's assigns B3 ratings to CSN's $750 million proposed notes; stable outlook

    Moody's Investors Service ("Moody's") assigned a B3 rating to the $750 million proposed senior unsecured notes due up to 7 years to be issued by CSN Resources S.A. and unconditionally guaranteed by Companhia Siderurgica Nacional (CSN) (B3 stable). The proposed issuance is part of CSN's liability management strategy and proceeds will be used to fund a tender offer of $750 million for CSN's notes maturing in 2019 and 2020.

  • Reuters16 days ago

    Banco do Brasil expects more infrastructure investment after pension reform approval -CEO

    Banco do Brasil SA Chief Executive Officer Rubem Novaes expects infrastructure investors to increase their allocation in Brazil after the approval of pension reform. Speaking at an investment conference ...

  • Moody's24 days ago

    Banco Votorantim S.A. (Nassau Branch) -- Moody's affirms Banco Votorantim's ratings; changes outlook to stable

    Moody's Investors Service ("Moody's") has today affirmed all of Banco Votorantim S.A.'s (BV) ratings, following the affirmation of the bank's ba3 baseline credit assessment (BCA). BV is rated Ba2 and Not Prime for long- and short-term local currency deposits, Ba3 and Not Prime for long- and short-term foreign currency deposits. Banco Votorantim S.A. (Nassau Branch)'s long-term senior unsecured foreign currency debt rating is affirmed at (P) Ba2.

  • Bloomberg24 days ago

    Top Brazil Hedge Fund Doubles Down on State-Controlled Companies

    "These stocks have been lagging behind and are cheap, also taking into account good perspectives for an improvement in fundamentals," said Joao Braga, co-head of equities at XP Asset Management. While Brazil’s equity benchmark Ibovespa index has gained more than 6 percent this year, Banco do Brasil has advanced 2.5 percent and Cemig is down 0.6 percent. According to Braga, there’s room for Brazilian stocks to extend a 9 percent rally since President Jair Bolsonaro was elected last October, as current levels aren’t factoring in the positive impact of lower interest rates and continued economic growth.

  • Reuters29 days ago

    Brazil's Neoenergia taps JPMorgan, BofA and Banco do Brasil for IPO -sources

    Brazilian power company Neoenergia SA has picked the investment banking units of JPMorgan Chase & Co, Bank of America Corp and Banco do Brasil SA to manage its initial public offering, three people familiar with the matter said on Wednesday. Other banks may still join the group managing the IPO, added one of the sources, who asked for anonymity to discuss the plans openly. Neoenergia, JPMorgan, Bank of America and Banco do Brasil declined to comment.

  • Reuterslast month

    Brazil can't pull off pension reform without 1 trln reais in savings -Economy Minister

    Brazil's Economy Minister Paulo Guedes said on Friday that pension reform must deliver at least 1 trillion reais in savings in order to fund a transition from the current system to individual retirement ...

  • Reuterslast month

    State-controlled lender Banco do Brasil prices five-year bond

    State-controlled lender Banco do Brasil SA on Wednesday is pricing $750 million in five-year bonds, a source with knowledge of the matter said on Wednesday. Banco do Brasil is expecting to pay around 5 ...

  • Moody'slast month

    Banco Do Brasil S.A. (Cayman) -- Moody's rates Banco do Brasil's proposed senior unsecured notes Ba2; outlook stable

    Moody's Investors Service (Moody's) has today assigned a Ba2 long-term foreign currency senior debt rating to the proposed senior unsecured notes of Banco do Brasil S.A. (BB), acting through its Grand Cayman branch. For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the credit rating action on the support provider and in relation to each particular credit rating action for securities that derive their credit ratings from the support provider's credit rating.

  • Reuterslast month

    State-controlled lender Banco do Brasil eyes partnerships for units

    SAO PAULO/BRASILIA, March 11 (Reuters) - State-controlled lender Banco do Brasil SA is seeking partnerships in its asset management, investment banking and debt collector units rather than listing these businesses, analysts said in notes to clients on Monday. Itaú BBA's analysts said that Chief Finance Officer Carlos Hamilton Vasconcelos Araújo said in a meeting that partnerships would be similar to those forged by BB Seguridade SA, before its initial public offering. BB Seguridade has partnerships with companies such as Principal Financial Group, Mapfre and Icatu Hartford.

  • Reuterslast month

    Brazil power company Neoenergia to seek banks to relaunch IPO -source

    SAO PAULO/BRASILIA, March 11 (Reuters) - Shareholders of Neoenergia SA will soon seek advisers to relaunch an initial public offering (IPO) by the Brazilian power company controlled by Spain's Iberdrola, a person with knowledge of the matter said on Monday. Minority partners Banco do Brasil and Brazilian pension fund Previ intend to partially sell their shares in the offering, added the source. Banco do Brasil and Previ declined to comment on the matter.

  • Reuters2 months ago

    Brazil's workers fund to sell Banco do Brasil, Alupar stakes, seek IPO - sources

    Brazil's government is exploring the sale of assets held by a workers severance fund to raise funds for new infrastructure projects, two people with knowledge of the matter said, as part of a wider effort to unload state-controlled assets. The sources, who requested anonymity to disclose private discussions, said right-wing President Jair Bolsonaro's government believes that some previous investments by the fund, known as FI-FGTS, had appreciated to a point where they were worth selling to fund new projects. Bolsonaro's government has been looking for ways to bolster the country's sagging infrastructure with injections of private capital.

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of BBAS3.SA earnings conference call or presentation 15-Feb-19 1:30pm GMT

    Q4 2018 Banco do Brasil SA Earnings Call

  • Reuters2 months ago

    Banco do Brasil to sell off units; full sale would be better-CEO

    Banco do Brasil SA's chief executive said on Thursday that he plans to sell some of the bank's units, but that he believes a full privatization would be better for the state-controlled lender. “Employees and management would profit from a sale of the bank, but the country is not prepared for this idea”, Rubem Novaes said in a briefing on Thursday, adding that a privatization would likely increase the bank’s return on equity. Novaes, installed as CEO last month by far-right President Jair Bolsonaro, is expected to focus on improving the bank's profitability while selling off assets like its investment banking, asset management and debt collection units.

  • Reuters2 months ago

    Banco do Brasil considers potential sale of Banco Votorantim, CEO says

    State-controlled lender Banco do Brasil SA is in talks with its partner, Grupo Votorantim SA, to explore alternatives for Banco Votorantim SA, Chief Executive Officer Rubem Novaes told journalists on Thursday. ...

  • Reuters2 months ago

    Brazil's reinsurer IRB prepares $650 mln follow-on within weeks -sources

    Shareholders in Brazil's reinsurer IRB Brasil Resseguros SA is preparing a secondary share offering involving at least 9 percent of its capital within weeks, three sources with knowledge of the matter said on Wednesday. State-run bank Caixa Economica Federal is expected to sell an 8.9 percent stake in IRB, worth around 2.4 billion reais ($648.4 million), owned by a Brazil's government fund responsible for financing student loans. State-controlled lender Banco do Brasil SA , for instance, is also considering the sale of some shares, but has not decided yet if it will join Caixa in this offering.

  • Reuters3 months ago

    Banco do Brasil to sell asset management, investment banking and debt collector units

    State-controlled lender Banco do Brasil SA will seek the partial sale of its asset management, investment banking and debt collector units, said Chief Financial Officer Carlos Hamilton Vasconcelos Araújo ...

  • Reuters3 months ago

    Brazil government aims to sell at least $20 billion in assets this year

    Brazilian President Jair Bolsonaro's government wants to sell at least $20 billion in assets of state-owned companies this year including parts of Petrobras and Banco do Brasil, the country's secretary of privatization said on Tuesday. Salim Mattar said the government wants state-controlled oil company Petroleo Brasileiro SA and lenders Banco do Brasil SA and Caixa Economica Federal to sell most of their subsidiaries within four years.

  • Reuters3 months ago

    Brazil govt aims to sell at least $20 bln in assets this year

    Brazilian President Jair Bolsonaro's government wants to sell at least $20 billion in assets of state-owned companies this year including parts of Petrobras and Banco do Brasil, the country's secretary of privatization said on Tuesday. Salim Mattar said the government wants state-controlled oil company Petroleo Brasileiro SA and lenders Banco do Brasil SA and Caixa Economica Federal to sell most of their subsidiaries within four years.

  • Reuters3 months ago

    Brazil official says Petrobras, BB and Caixa should sell subsidiaries

    Brazil's secretary of privatization said on Tuesday the government wants state-controlled companies Petroleo Brasileiro SA and banks Banco do Brasil SA and Caixa Economica Federal to sell most of their ...

  • Moody's3 months ago

    GPAT Compania Financiera S.A.U. -- Moody's assigns B1/Aa3.ar debt ratings to GPAT Compañía Financiera S.A.U.'s XXXIII expected series issuance of local currency notes

    Moody´s Latin America Agente de Calificación de Riesgo S.A., ("Moody´s") has assigned a B1 global local currency senior debt rating and a Aa3.ar national scale local currency debt rating to GPAT Compañía Financiera S.A.U. (GPAT)'s XXXIII expected series issuance. The ratings have a stable outlook.

  • Exclusive: Brazil's Odebrecht offers debt-for-equity swap for Atvos unit - sources
    Reuters3 months ago

    Exclusive: Brazil's Odebrecht offers debt-for-equity swap for Atvos unit - sources

    Corruption-ensnared Odebrecht SA [ODBES.UL] has proposed that creditors take over its sugar and ethanol unit, Atvos Agroindustrial Participacoes SA, in exchange for reducing Odebrecht's huge debt load, according to two sources with knowledge of the matter. The move is the latest sign of the radical way in which Brazilian conglomerate Odebrecht, best known for its engineering and construction operations, is remaking itself to renegotiate 70 billion reais in consolidated debt. Accused of bribing politicians and executives to get contracts throughout Latin America, Odebrecht made a deal two years ago with U.S, Brazilian and Swiss authorities, paying a record $3.5 billion in fines to settle charges.

  • Exclusive: Brazil's Odebrecht offers debt-for-equity swap for Atvos unit - sources
    Reuters3 months ago

    Exclusive: Brazil's Odebrecht offers debt-for-equity swap for Atvos unit - sources

    The move is the latest sign of the radical way in which Brazilian conglomerate Odebrecht, best known for its engineering and construction operations, is remaking itself to renegotiate 70 billion reais in consolidated debt. Accused of bribing politicians and executives to get contracts throughout Latin America, Odebrecht made a deal two years ago with U.S, Brazilian and Swiss authorities, paying a record $3.5 billion in fines to settle charges. Atvos has about 12 billion reais ($3.25 billion) in debt with various lenders, including state-controlled Banco do Brasil SA , Caixa Economica Federal and development bank BNDES, as well as private Banco Bradesco SA , Itau Unibanco Holding SA and Banco Santander Brasil SA .

  • Moody's3 months ago

    GPAT Compania Financiera S.A.U. -- Moody´s affirmed debt ratings and assigned deposit ratings to GPAT Compañia Financiera; outlook stable

    Moody's Latin America Agente de Calificación de Riesgo S.A. (Moody's) has today affirmed all debt ratings assigned to GPAT Compañía Financiera S.A.U. (GPAT), and assigned global and national scale local currency deposit ratings of B1 and Aa3.ar, respectively, as well as a b2 standalone baseline credit assessment (BCA) and a b1 adjusted BCA that incorporates support from its ultimate Brazilian parent Banco do Brasil S.A. (Ba2 stable, ba2). At the same time, Moody's also assigned to GPAT global and national scale foreign currency deposit ratings of B3 and Baa1.ar, respectively, and global scale counterparty risk assessments of Ba3(cr) and Not Prime(cr), for long and short-term, respectively.

  • Reuters3 months ago

    Brazil's Caixa CEO rules out its own privatization

    The new chief executive of Brazilian state-controlled bank Caixa Econômica Federal, Pedro Guimarães, ruled out on Monday that he would seek to privatize the organization he now leads, saying he will only ...