Second Wall Street bank picks Brazil in World Cup

Brazil fans cheer while gathered outside Itaquerao stadium, also known as Arena de Sao Paulo and Arena Corinthians, on June 8, 2014 in Sao Paulo, Brazil.Photo: Getty Images

Brazil is getting more support from the world’s biggest banks — to win the World Cup.

UBS picked host country Brazil as the odds-on favorite to win the soccer tournament, which starts Thursday.

While the Swiss bank is picking the legendary squad to win, it isn’t as sure as the bankers at Goldman Sachs — which issued a report on the World Cup last week.

UBS said Brazil has a 30 percent chance of winning — Goldman put the odds of Brazil hoisting the trophy at 46.5 percent.

Argentina is the No. 2 pick for both banks.

Andreas Hoefert, UBS’ chief economist and regional chief investment officer in Europe, who wrote the 18-page report, cautioned that during the 2010 tournament, his predictions lost to that of Paul, a German octopus that correctly predicted the winning teams through the finals.

“Under-performing a mollusk was humbling to say the least,” he said.

Hoefert goes on to say that, while he isn’t a fulltime soccer fan, he correctly predicted Italy to win in 2006. Spain won the 2010 championship.