Goldman Sachs analyst Tito Labarta has maintained a Sell rating on Banco do Brasil S.A. (BBAS3), setting a price target of BRL19.50. Labarta, who covers the Financial sector, has a 2-star ranking on TipRanks with a 48.59% success rate and an average return of 0.5%.
The bank's current analyst consensus is Moderate Sell, with a price target consensus of BRL18.75. Banco do Brasil S.A. recently reported its earnings for the quarter ending June 30, with revenue of BRL88.67 billion and a net profit of BRL2.4 billion. Comparatively, the same period last year saw revenue of BRL88.01 billion and a net profit of BRL2.78 billion.
Labarta's coverage extends to other financial stocks, including Nu Holdings, Banco Santander Chile, and Grupo Cibest. The article notes that it contains syndicated content, which has not been reviewed or endorsed by The Globe and Mail.