Banco Bradesco Shares Hold Steady as Brazil Cuts Rates
Banco Bradesco’s preferred shares finished unchanged at R$17.47 in São Paulo on Friday. Investors didn’t see much reaction to the latest Brazilian rate cut. The stock moved in a tight range from R$17.40 to R$17.59 before ending about 1.9% lower than a week ago. The Ibovespa ticked up 0.03% to 168,334 points. Itaú Unibanco slipped 0.80%, Banco do Brasil shed 0.56%.