Itaú BBA Lowers Nubank and Elects Bradesco Favorite
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Forbes, the world's most well-conceived business and economic magazine. In New York, around 2:15 p.m., Nubank's shares fell almost 3%, to US$13.77 The post Itaú BBA Corta Nubank for "Market Perform" in Pausa to Assess Next Phase of the Digital Bank appeared first in Forbes Brazil.
From a top-down view, they pointed out that uncertainty is increasing because the environment for the mass consumer in Brazil can become more challenging
The battle between fintechs and bankers may even have lost strength, but in the stock market, the dispute continues. In a new review of estimates for the Brazilian banking sector, Itaú BBA made important changes in the projections and placed Bradesco (BBDC4) as its main exposure among the big banks. At the same time, BBA [...]
Illustrative image Photo: PexelsItaú BBA shorts bank sector projections, lowers Nubank and keeps Bradesco as the only purchase
Analysts have strengthened their preference for capital market-related companies, such as B3 (B3SA3), BTG Pactual (BPAC11) and XP (BDR: XPBR31), to the detriment of traditional banks
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