2024-05-30 10:36:31 ET
Summary
- Banco do Brasil has a strong presence in agribusiness, which has been driving the country's GDP growth.
- The bank has the best financial indicators among Brazilian private peers.
- Although, Banco do Brasil has the lowest P/E multiple among its competitors, indicating a cheap valuation and potential for significant upside.
Investment Thesis
I recommend buying Banco do Brasil ( BDORY ) shares. Historically, the bank has good credit portfolio management, with controlled default rates, diversification and an excellent presence in agribusiness, which has been the main Brazilian sector for some years....
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For further details see:
Banco do Brasil: Stronger Fundamentals Than Private Competitors