|Bid||4.6800 x 29200|
|Ask||4.7100 x 36200|
|Day's Range||4.6600 - 4.8699|
|52 Week Range||3.4800 - 9.4000|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||7.33|
|Forward Dividend & Yield||0.16 (3.32%)|
|Ex-Dividend Date||Aug 03, 2020|
|1y Target Est||6.48|
Brazilian homebuilder Yuni Incorporadora Holding SA filed with the country's securities regulator on Friday for an initial public offering, according to a filing. Both the company and its shareholders plan to raise money in the offering, Yuni said. The homebuilder will use the proceeds to acquire land, raise cash and invest in digital businesses.
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%.