By Gustavo Stenzel, Executive Vice President, Director of Latin America Strategy, Franklin Templeton Emerging Markets Equity
The coronavirus pandemic is hurting Brazilian banks in the near term, but is the outlook entirely grim? Franklin Templeton Emerging Markets Equity's Gustavo Stenzel explains why certain banks could emerge from the outbreak stronger relative to a new pack of financial technology competitors.
Bank stocks globally have been weak as economic activity collapsed amid the COVID-19 pandemic. Expectations of slowing loan growth, falling margins and rising bad debts have hurt near-term earnings forecasts. Many countries have also called upon