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Ibovespa Drops on Vale, Bank Pressure; Tight Lula-Bolsonaro Poll Weighs
InfoMoney·BR·2 days ago
Ahead of Brazil's election, banks are divided between a potential relief rally and credit risks. JPMorgan sees upside in brokerages and capital-market-linked firms, while favoring Itaú among traditional banks. The market is pricing election outcomes with divergent sector implications.