Sign in

    Eduardo Nishio

    Senior Equity Analyst at Genial Investimentos

    Eduardo Nishio is a Senior Equity Analyst at Genial Investimentos, specializing in coverage of major Brazilian financial institutions including Banco do Brasil, B3 (the Brazilian stock exchange), and Itaúsa. He consistently delivers actionable research with recent published target prices, such as R$12.73 for Itaúsa, and maintains an active record of recommendation accuracy and performance in sector reports. Nishio has an extensive career beginning in equity research roles at Fidelity Investments, BTG Pactual, and Banco UBS Pactual before joining Genial Investimentos in 2011. He holds a Mechanical Engineering degree from Pontifícia Universidade Católica do Rio de Janeiro and an MBA in Finance from the International University of Japan, demonstrating strong credentials in financial research and analysis.

    Eduardo Nishio's questions to Itau Unibanco Holding (ITUB) leadership

    Eduardo Nishio's questions to Itau Unibanco Holding (ITUB) leadership • Q1 2025

    Question

    Eduardo Nishio from Genial asked about the competitive advantage of Itaú's strategy to hedge its capital in foreign operations and the associated trade-off with the cost impacting NII with the market.

    Answer

    CEO Milton Maluhy Filho explained that the hedge is critical given the significant size of Itaú's operations outside Brazil. The strategy provides stability to the capital ratio, which is essential for predictable growth and dividend payouts in a volatile environment. While this carries a cost that affects NII with the market, it is a deliberate trade-off to reduce volatility and operate with a more efficient capital buffer.

    Ask Fintool Equity Research AI

    Eduardo Nishio's questions to BDORY leadership

    Eduardo Nishio's questions to BDORY leadership • Q2 2024

    Question

    Asked about the treatment and timing of the recovery from the Americanas case, the significance of the agribusiness portfolio in the second half, and the bank's intention regarding the renewal of its contract with BB Seguridade.

    Answer

    For Americanas, a significant cash recovery will be posted in the next quarter. The agribusiness portfolio is expected to be a major driver in the second half due to a record volume of resources in the new crop plan. Regarding BB Seguridade, there is no possibility of not renewing the contract; discussions are focused on ensuring the partnership's terms are fair and maximize value for Banco do Brasil.

    Ask Fintool Equity Research AI

    Eduardo Nishio's questions to BDORY leadership • Q3 2023

    Question

    Asked about the outlook for Net Interest Income (NII) and provisions in 2024, specifically the behavior of market NII versus client NII. He also inquired about the bank's position in Argentina with its Patagonia subsidiary, noting a competitor's recent sale and asking about potential negative capital impacts.

    Answer

    For 2024, NII is expected to grow in line with the loan portfolio, with opportunities for better spreads on the funding side. Regarding Argentina, the bank's position is very different from the competitor who sold; Patagonia is a sound, conservative bank with a strong brand and they have no intention to sell. Despite hyperinflation, the bank generates a positive net result and has a high ROE of 23.9%.

    Ask Fintool Equity Research AI

    Eduardo Nishio's questions to BANK BRADESCO (BBD) leadership

    Eduardo Nishio's questions to BANK BRADESCO (BBD) leadership • Q2 2024

    Question

    Eduardo Nishio asked for more details on the new client platform's role in reducing cost-to-serve and requested the bank's internal calculation for the 'implicit profit' derived from its guidance.

    Answer

    Executive Marcelo de Noronha explained the new platform leverages Bradesco Expresso for a variable cost-to-serve model, complementing footprint reduction. On the guidance question, CFO Cassiano Scarpelli stated that while they don't disclose the exact figure, the market consensus range of BRL 17.5 billion to BRL 18.5 billion is 'quite adequate' and aligns with their internal view.

    Ask Fintool Equity Research AI

    Eduardo Nishio's questions to BANK BRADESCO (BBD) leadership • Q2 2024

    Question

    Eduardo Nishio from Genial Investimentos asked for more details on the new client platform, specifically how it will reduce the cost-to-serve beyond physical branch reductions. He also asked management to share their internal calculation for the 'implicit profit' derived from the annual guidance.

    Answer

    Executive Marcelo de Noronha highlighted the Bradesco Expresso platform as a key initiative to lower the cost-to-serve via a variable cost model, noting other initiatives are also underway. On the implicit profit, CFO/CTO Cassiano Scarpelli stated that while the bank doesn't provide a specific number, the market consensus range of BRL 17.5 billion to BRL 18.5 billion is 'quite adequate' and close to their internal figures.

    Ask Fintool Equity Research AI