StocksMedium•12 November 2026•
1 min read
Banco do Brasil Slashes 2024 Profit Outlook on Agricultural Loan Losses
Key Facts
1Banco do Brasil lowered its 2024 adjusted net income outlook to a range of 9 billion to 11 billion reais.
2The bank increased expected credit costs to between 80 billion and 83 billion reais due to agricultural lending difficulties.
Banco do Brasil lowered its 2024 adjusted net income outlook to a range of 9 billion to 11 billion reais. Briefs Finance reported that the bank increased its expected credit costs to between 80 billion and 83 billion reais due to difficulties in agricultural lending. The revision follows the failure of relief programs to successfully improve payment performance, leading to higher anticipated credit losses.
BDORY closed at $3.1 on November 11, 2026, as the updated guidance signals significant pressure on profitability. The substantial cut to profit expectations highlights the ongoing risks within the Brazilian financial sector stemming from underperforming agricultural loan portfolios and increased credit risk provisions.