(Corrects in the 3rd previous paragraph forecast for the profit of 2025 between $ 37 billion and 41 billion dollars, rather than between $ 37 billion and 40 billion dollars)
São Paulo (Reuters) -Banco do Brasil recorded a rectified net profit of $ 3.784 billion in the second quarter, a drop of 60% in the same period last year, according to the data published on Thursday by the State Control Bank.
The projections compiled by LSEG indicated a net income of $ 5 billion for the period.
Updated BB estimates that had previously suspended, including rectified net income, now calculated between $ 21 billion and $ 25 billion in 2025. Before suspending $ 37 billion and $ 41 billion.
According to a relevant fact, the bank also announced the revision of payment from 2025 to 30% compared to 40% and 45% previously.
Investors were expected to advertise the digits of the second quarter, after the result of the first quarter, presented in mid -May, being “worse than it feared”, as BTG lens analysts wrote after the data.
In the first three months of the year, BB showed a result well below market forecasts, with a rectified net income of $ 7.37 billion dollars, pressed by the worsening of the default of part of the agri -food portfolio and new accounting rules.
The state control bank suspended several performance forecasts in 2025, included for profit. In the first trading session after the release of the budget, the shares have even collapsed by almost 15% at the worst moment.
Since then, in the middle of the prospective revisions of the bank and the new noises involving the number of the central bank on the sector, the documents have accumulated a loss of over 30%.
Source: Terra
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