JPMorgan downgrades Caixa Seguridade on valuation concerns, sector headwinds
Tuesday, 29 April 2025 () JPMorgan has downgraded its rating on Caixa Seguridade (BVMF: CXSE3), one of Brazil’s top bancassurance firms, from “overweight” to “neutral,” citing valuation constraints, weaker credit activity, and a less favourable interest rate outlook. Despite supporting the company’s premium-focused strategy, the bank sees limited upside in the near term. According to a report by InfoMoney, JPMorgan […]
Tuesday, 29 April 2025 ()
JPMorgan has downgraded its rating on Caixa Seguridade (BVMF: CXSE3), one of Brazil’s top bancassurance firms, from “overweight” to “neutral,” citing valuation constraints, weaker credit activity, and a less favourable interest rate outlook. Despite supporting the company’s premium-focused strategy, the bank sees limited upside in the near term. According to a report by InfoMoney, JPMorgan […]