Banco ABC Brasil SA traded at 29.56 this Friday October 9th, increasing 0.84 or 2.92 percent since the previous trading session. Looking back, over the last four weeks, Banco ABC Brasil gained 18.24 percent. Over the last 12 months, its price rose by 36.85 percent. Looking ahead, we forecast Banco ABC Brasil SA to be priced at 28.69 by the end of this quarter and at 26.21 in one year, according to Trading Economics global macro models projections and analysts expectations.
Banco ABC Brasil SA is a Brazil-based institution (the Bank) engaged in the banking sector. Its commercial activities focuses on managing loans and other credit operations, deposit services and checking accounts to large and medium-sized corporate and institutional customers. In addition, the Bank is responsible for promoting capital market operations and other banking services. The Bank''s financial products and services portfolio includes foreign and local currency loans, various types of guarantees, international trade financing, derivative operations, investments financing, as well as mergers and acquisitions (M&A) advisory, among others. The Bank operates through a network of branches in Brazil and abroad through an overseas branch located in Cayman Islands. Its subsidiaries include ABC Brasil Administracao e Participacoes Ltda and ABC Brasil Distribuidora de Titulos e Valores Mobiliarios SA. The Bank is indirectly controlled by Arab Banking Corporation BSC.