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Banco de Brasil is world's cheapest bank after govt stake sale

Shares trade at 5x forecast earnings for next 12 months, the lowest ratio among top 100 banks by market value
Thursday, July 23, 2015 - 05:50

Sao Paulo

BANCO do Brasil SA has always traded at a discount to its Brazilian peers. Now, it's the world's cheapest bank after the government started selling part of its stake.

Banco do Brasil, controlled by the federal government, trades at 5 times forecast earnings for the next