Marcelo Telles

Itau Rises Most in a Week in Sao Paulo as Credit Suisse Says Buy

Itau Unibanco Holding SA, Latin America’s biggest bank by market value, gained the most in a week after Credit Suisse Group AG raised its recommendation to the equivalent of buy.

Santander Mexico Tumbles After Earnings Miss Prompts Rating Cut

Grupo Financiero Santander Mexico SAB, the Mexican unit of Spain’s biggest bank, fell the most on the MSCI Mexico Index after Morgan Stanley cut its rating on the stock, citing disappointing fourth-quarter earnings.

Itau Slides as Credit Suisse Says Defaults Hurting Brazilian Bank Profits

Itau Unibanco Holding SA, Latin America’s largest bank by market value, led declines for lenders in Sao Paulo after Credit Suisse Group AG cut its rating on concern higher costs for bad loans will crimp profits.

Cetip Gains Most in Six Weeks as Earnings Beat Forecasts

Cetip SA - Balcao Organizado de Ativos e Derivativos , Brazil’s biggest securities clearinghouse, surged in Sao Paulo after fourth-quarter earnings beat analysts’ forecasts.

Rousseff’s Rate Cut Push Undermines Itau’s World-Beating

Brazil’s President Dilma Rousseff has settled on a crowd-pleasing target as part of her campaign to lower interest rates: some of the world’s most profitable banks.

Itau as Worst-Performing Stock Still Tempting Analysts

Itau Unibanco Holding SA, the worst- performing stock among the largest Brazilian banks this year, is the one analysts say will fare the best as the economy rebounds.

Panamericano Sinks After $1.5 Billion Rescue Prompts Probe

Banco Panamericano SA , the Brazilian lender controlled by media mogul Silvio Santos , sank 30 percent and bonds tumbled as the central bank began probing accounting irregularities after a 2.5 billion reais ($1.5 billion) rescue.

Bovespa Posts Weekly Decline as Banks Fall on Consumer Loan Tax Increase

Brazil’s Bovespa stock index posted its first weekly decline in a month as banks fell after policy makers doubled a tax on consumer loans to try to curb inflation.

Bradesco Declines at Bovespa as Profit Misses Estimates

Banco Bradesco SA, Brazil’s second- largest bank by market value, declined in Sao Paulo trading after reporting a smaller increase in fourth-quarter profit than analysts estimated.

Itau Second-Quarter Profit Misses Estimates as Bad-Loan Provisions Rise

Itau Unibanco Holding SA, Brazil’s biggest bank by market value, fell to the lowest in more than two years as second-quarter profit missed analysts’ estimates amid higher provisions to cover soured loans.

"From our conversation with banks and other industry players, banks' relationship with the government and the discussion on credit spreads is better at the margin."

- Marcelo Telles on Mar 18, 2013

Brazil

Sao Paulo

Latin America

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