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2 results for “Porto Seguro (PSSA3)”

Porto Seguro Q2 Profit Stable, Credit Losses Spike 67% at Porto Bank
Markets• Aug 07

Porto Seguro Q2 Profit Stable, Credit Losses Spike 67% at Porto Bank

Porto Seguro (PSSA3) saw marginal net income growth in Q2, but rising credit losses at Porto Bank dragged consolidated ROAE lower.

Porto Seguro’s Porto Bank Credit Arm Profit Plunges 32.5% on Spiking Losses
Markets• Aug 07

Porto Seguro’s Porto Bank Credit Arm Profit Plunges 32.5% on Spiking Losses

Porto Seguro (PSSA3) Q2 net income was flat despite strong revenue, as a 66.7% spike in credit losses at Porto Bank signaled rising risk.