|Bid||22.12 x 0|
|Ask||22.13 x 0|
|Day's Range||21.95 - 22.16|
|52 Week Range||16.11 - 38.00|
|Beta (5Y Monthly)||1.29|
|PE Ratio (TTM)||12.18|
|Earnings Date||Jan 31, 2018 - Feb 05, 2018|
|Forward Dividend & Yield||0.23 (1.04%)|
|Ex-Dividend Date||Sep 02, 2020|
|1y Target Est||41.11|
Brazil's Senate approved on Thursday evening a bill to limit interest rates charged on credit card debt and overdraft lines, a move aimed at helping consumers suffering the fallout from the COVID-19 pandemic, but that could weigh on banks' 2020 profit. Lawmakers proposed a cap of 30% per year on debt rolled over on credit cards and overdraft lines for all loans extended by banks from March until the end of state of emergency declared by Brazil's government. The current average interest rate for overdraft lines is 110% and for rolled-over credit card debt it stands at 300%.
Brazil's top four listed lenders are giving months-long extensions for consumers and companies to repay 235 billion reais ($43.98 billion) in outstanding loans, a move to give financially squeezed borrowers breathing room. The loans subject to forbearance programs, which range from 13% of Banco Santander Brasil SA's portfolio to 10% of Itau Unibanco Holding SA's, are an indicator of potential defaults. Banco do Brasil SA has offered extensions on 11.6% of its portfolio, while Banco Bradesco SA has done so on 12.75%.
Brazilian lender Banco Bradesco SA <BBDC4.SA> plans to have employees work from home an average of one week per month permanently in order to save on rent and sell some real estate, Chief Executive Octavio de Lazari Junior said in an interview. Bradesco's remote work plans for its nearly 97,000 workers are the latest example of how the coronavirus pandemic has major companies rethinking real estate and redefining the workplace. "Remote work full time is not productive, as people must exchange ideas and understand the bank's culture," Lazari said, explaining the balance between working from home and the office.