|Bid||34.38 x 0|
|Ask||34.54 x 0|
|Day's range||0.00 - 0.00|
|Beta (5Y monthly)||1.36|
|PE ratio (TTM)||6.55|
|Earnings date||11 Feb 2021 - 15 Feb 2021|
|Forward dividend & yield||1.90 (5.55%)|
|Ex-dividend date||17 Nov 2020|
|1y target est||46.13|
UBS Group (UBS) gets approval to set up a majority-owned joint venture in Brazil, in turn expanding its footprint in the nation.
Brazil has chosen Andre Brandao, head of global banking and markets for the Americas at HSBC in the country, as the new chief executive of state-controlled lender Banco do Brasil SA, a government source said on Saturday. Investment banker Brandao, who has around 20 years experience with HSBC, Citi and others, will replace Rubem Novaes, who tendered his resignation last month and will leave later in August. Local media, including newspapers Valor Economico and O Globo, had reported earlier on Saturday that Economy Minister Paulo Guedes has given the green light to Brandao's nomination, but it will not be officially announced for a few days.
Novaes gave his resignation under the "understanding that the company needs renewal to confront coming times with many innovations in the banking system." Novaes, a 74-year-old University of Chicago-trained economist, was appointed by far-right President Jair Bolsonaro. Since taking the helm of the bank in January 2019, Novaes has been arguing that Banco do Brasil should be privatized in order to better compete with its private peers.