|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||3.2400 - 3.2400|
|52 Week Range||2.6400 - 8.1500|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Brazil's second-largest private-sector lender Banco Bradesco SA is considering a spinoff and listing of its broker unit Agora, Goldman Sachs' analysts said in a note to clients. "Bradesco's plan is to raise capital with the intention to support Agora's investments in human resources, marketing, horizontal M&A, and corporate governance in order to prepare for an eventual IPO," the analysts wrote, adding the plans were unveiled by the bank's investor relations executives in a video conference. Leandro Miranda, Bradesco's investor relations officer, said an IPO will occur within 4-5 years, while the spinoff would happen by year-end.
Brazilian lender Banco Bradesco SA has reached an agreement with its employees to permanently adopt remote work, the bank's human resources director said. Under the agreeement, which is supported by the bank employees union, individuals may be assigned to work from home as many days as each worker and Bradesco agree. Currently, 94% of its administrative employees and half of those from branches are working from home.
Brazil's largest lender Itau Unibanco Holding SA has laid off at least 130 employees in its car loan unit, according to a statement by a bank employees union on its website. The union added Itau has also fired an undisclosed number of workers located at bank branches. Itau, which ended June with roughly 95,000 employees, pledged not to cut any jobs for an unspecified period of time during the coronavirus pandemic.