Banco do Brasil Cuts 2026 Profit Forecast by Half After Earnings Miss
The Brazilian state-run lender also reduced its expected shareholder payout after third-quarter results missed analysts’ estimates, citing higher agribusiness delinquency.
Brazilian state-run lender Banco do Brasil BMFBOVESPA:BBAS11 on Wednesday cut its 2026 profit forecast by half and reduced its expected payout to shareholders after third-quarter results came in below analysts' estimates on higher agribusiness delinquency.Banco do Brasil cut its yearly adjusted net…