|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||6.82 - 7.05|
|52 Week Range||4.96 - 8.77|
|Beta (5Y Monthly)||0.83|
|PE Ratio (TTM)||8.56|
|Forward Dividend & Yield||0.24 (3.29%)|
|Ex-Dividend Date||Sep 13, 2022|
|1y Target Est||9.99|
SAO PAULO (Reuters) -Brazilian state lender Banco do Brasil SA on Wednesday hiked its full-year profit outlook on the back of bigger-than-expected quarterly earnings, helped by higher interest income on a bigger loan book. Banco do Brasil now expects its 2022 profit to reach between 30.5 billion and 32.5 billion reais ($5.9 billion-$6.3 billion), up from a previous range of 27 billion to 30 billion reais. It said its loan book should grow some 15%-17% this year, from a previous forecast of 12%-16%.
BDORY vs. HDB: Which Stock Is the Better Value Option?
Brazil's currency and main stock index rallied in a volatile session on Monday, a day after leftist Luiz Inacio Lula da Silva won the country's presidential election, with investors bracing for a choppy week ahead. The Brazilian real gained more than 2% against the dollar after having fallen 2% overnight. While defeated incumbent Jair Bolsonaro had not made public remarks, some of his key allies have recognized publicly that Lula has won the race, easing concerns of contested election results.