|Bid||43.11 x 0|
|Ask||43.26 x 0|
|Day's range||0.00 - 0.00|
|Beta (5Y monthly)||0.84|
|PE ratio (TTM)||7.10|
|Earnings date||09 Feb 2022 - 14 Feb 2022|
|Forward dividend & yield||1.80 (5.01%)|
|Ex-dividend date||14 Jun 2022|
|1y target est||50.83|
SAO PAULO (Reuters) -Brazilian state-controlled lender Banco do Brasil SA on Wednesday increased its full-year 2022 results forecasts after delivering better-than-expected second quarter earnings, boosted by higher net interest income and cost control measures. The company said in a securities filing it now expects full-year adjusted net profit to reach between 27 billion and 30 billion reais ($5.30 billion-$5.89 billion), up from a range of 23 billion to 26 billion in the previous forecast. The move came even as Banco do Brasil projected higher provisions for bad credit, which are now seen between 14 billion and 17 billion reais this year, up from the 13 billion-16 billion range previously estimated.
Brazilian state-controlled lender Banco do Brasil SA said in a filing on Monday that its 2022 net income is likely to rise by up to 23.7% from last year, despite a slower loan book growth. Banco do Brasil forecast a recurring net income, which excludes one-off items, between 23 billion reais ($4.4 billion) and 26 billion reais this year, compared to 21 billion reais in 2021. The bank indicated it plans to weather Brazil's dim growth outlook with good asset quality, higher net interest income, and sales of financial services.