Brazil Bank Spreads Hit Post-2013 High; Bullish for $ITUB, $BBDC, $BBAS3
Brazilian banks' credit spreads reached their highest level since 2013, signaling increased profitability for the financial sector. Bullish for bank stocks.
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Brazil's insurance sector grew 2.3% in Minas Gerais in January, with R$12.4 million in claims paid and housing insurance up 21.9%, CNseg reports.