Igor Cornelsen’s take on Brazilian Banking

At the end of 2014, Brazil’s bank left investors scratching their heads. PRnewswire.com made the first post of this article. Itau Unibanco (ITUB) and Banco Bradesco (BBD) had their moments. Their shares rose by a third at the end of the third quarter of 2014. Plus, they had steady profit increases. Itau’s net profit grew by 36% at the end of the third quarter, and Banco Bradesco’s profit rose 28%.

Igor Cornelsen is a top Brazilian banking expert. He stated the secret is to know the investment market and their successes during the rough years. Mr. Igor Cornelsen said the best thing to do is to give investors a sense of security by putting reforms in place. It will help to spur economic growth.

Brazil is one of the world’s biggest food producers with an output more than enough to boost the economy. According to Igor Cornelsen, investors need to catch up on Brazilian banking. They need to know the basics. Mr. Igor Cornelsen outlined short and easy instructions for busy investors to use when picking Brazilian stocks.

  • Know the ten major players of Brazilian Banks

Worldwide, Brazil is the eighth largest economy and the biggest in South America. Brazil is rich in natural resources and can make large economic development. The ten banks helping to make Brazil a success include the following banks:

  1. Banco Itau
  2. Banco Bradesco
  3. Caixa Economica Federal
  4. HSBC
  5. Banco J Safra
  6. Banrisul
  7. Santander
  8. BTG Pactual
  9. Banco do Brazil
  10. Citibank Brazil

Learn more about Igor Cornelsen’s methods at ireport.cnn

  • A new person could make things better

The new finance minister, Joaquim Levy, seemed like a hopeful replacement for Brazil’s economy. Mr. Levy has a Ph.D. from the University of Chicago and a background working with the IMF. He seemed right for the position per Mr. Cornelsen. Mr. Levy is shrewd and works well with the private sector.

  • Keep a close eye on China

Brazil’s biggest trading partner is China. If China has a strong economy, Brazil will see good prices on raw materials per Mr. Cornelsen. Plus, banks need to watch all the connected markets for a better understanding of their investments. It will reap more profits.

  • The real value of the currency

Brazil has always had an overvalued currency, resulting in a loss of competitiveness and account deficits. Selling dollar swaps in the local market was a way for Brazil to avoid depreciation of its currency.

The new administration will avoid intervention to prevent currency devaluation. The tactic will bolster investment in the banking industry. As a result, exported manufactured goods will experience stronger competition, making bank accounts more stable.

Read:http://frenchtribune.com/teneur/25704-igor-cornelsen-giving-three-valuable-tips-invest-growing-foreign-market

 

One comment

  • Heidi Franklin
    February 14, 2018 - 5:16 am | Permalink

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