- Possibly helping sentiment for the thoroughly roughed-up names is Banco Bradesco's (BBD +7.4%) cancellation of a capital raise.
- SEC Form 6-K
- Also headed higher is Itau Unibacno (ITUB +5.8%) after yesterday's post-earnings plunge. The lender beat trimmed down estimates, but also said it expected loan-loss provisions to rise 38% this year. NPLs in Q4 were 3.5%, up 20 basis points from Q3 and 40 bps from a year ago.
- The Bovespa is up 2.15% in today's session. EWZ +4.35%
- ETFs: EWZ, BRF, BRZU, EWZS, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ