B3 Is Not Growing During The Most Challenging Part Of The Cycle, But Remains A Buy

Group 1 - B3 - Brasil, Bolsa, Balcao (OTCPK:BOLSY) reported stagnation in revenue sources for 2Q25, with pressures on various revenue lines due to higher rates [1] - The company experienced declines in stock trading, credit issuance, and long-only investment activities, indicating a challenging operational environment [1] - The focus of Quipus Capital is on operational aspects and long-term earnings power rather than market-driven dynamics, suggesting a conservative investment approach [1] Group 2 - The article emphasizes that most calls from Quipus Capital will be holds, reflecting a cautious stance in a bullish market [1] - A small fraction of companies are deemed suitable for buy recommendations at any given time, highlighting a selective investment strategy [1] - The information provided in hold articles is intended to inform future investors and encourage skepticism in a generally optimistic market [1]