Itaú, Bradesco, Banco do Brasil, and Santander Show Strength in Crisis with Q2 Figures

Despite a sharp drop in profit and bullish provisions, the balance was perceived as positive - however, recent news flow is not "sector friendly". Three risks remain on the sector's radar.

RIO DE JANEIRO, BRAZIL - The second quarter, the peak of the coronavirus pandemic in Brazil - and also the worst economic moment in the country's history - was highlighted by Itaú Unibanco Executive Vice President Milton Maluhy.

Thus, it was expected that, as in the first quarter, banks would also suffer a sharp drop in their profits in the period, amid increased provisions to address the economic impact of the pandemic.

According to the . . .

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