BRBI BR Partners is trading at BRL 10.77, down 3.75%, as concerns about elevated rates and political risk extend a Brazilian financials selloff following the October 26 election.

  • Citi’s recent downgrade to Neutral from Buy, and its target cut from R$17 to R$12, add pressure.
  • Reporting also cites thin liquidity and delayed investment-banking fees as headwinds.
  • U.S. markets are weaker; no new company announcement for October 29 was identified.