Brazil Banks – Stick with Buys on Bradesco and Inter, Calling Time on Banrisul Long
Bradesco's re-rating supported by insurance operations, Inter remains deep value but investors advised to lighten positions, downgrading Banrisul...
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Japanese Big Cap Banks – Taking Profits on Shizuoka
Expecting a 25bps rate hike at June BoJ meeting, valuations recovering post-Iran war lows; we expect turbulent markets, so we remove Shizuoka from...
90 Views
Payment Companies Update: Reining in Positive Recommendations
In the present volatile investment climate, only Klarna remains on our buy list due to solid execution and attractive valuations; our caution...
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China Banks – Interest Margin Headwinds Receding, Credit Quality Hurdles Remain
Chinese banks may face credit quality challenges, but interest margin erosion should lessen with policy rate reductions mainly in the past. Ping...
87 Views
EM Neobanks – Re-Instating the Buy Rating on Inter (INTR US)
Upgrading Inter to buy for its sound credit quality and valuations-to-growth, global benchmark Nubank is one to watch; PicPay and Agibank face NPL...
141 Views