Brazilian telecom carrier Telefonica Brasil SA VIV recently reported mixed financial results in the first quarter of 2017. First-quarter net income was approximately $316.9 million, down 18.2% year over year.
Just a couple of days ago, Standard & Poor revised Brazil's economic outlook from “Stable” to “Poor.” Brazilian stocks and currency are down by 7% and Brazil's growth has been stagnant, growing by just 0.6% in the first quarter.
Wellesley Bancorp, Inc. is the holding firm for Wellesley Bank . The company has market cap of $65.73 million. The Bank operates as a community-oriented financial institution offering traditional financial services to clients and businesses.