Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Brazilian (BOVESPA) Financials Sector Analysis

UpdatedSep 16, 2026
DataAggregated Company Financials
Companies30
  • 7D1.5%
  • 3M8.9%
  • 1Y15.4%
  • YTD8.7%

The Financials industry is up 1.5% in the last week, with Banco BTG Pactual up 1.9%. This means that the industry has gained 15% over the past year. As for the next few years, earnings are expected to grow by 10% per annum.

Sector Valuation and Performance

Has the Brazilian Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 16 Sep 2026R$1.7tR$536.5bR$170.8b7.6x9.8x3.1x
Fri, 14 Aug 2026R$1.5tR$536.8bR$170.7b6.8x8.7x2.8x
Sun, 12 Jul 2026R$1.7tR$520.4bR$163.1b8x10.2x3.2x
Tue, 09 Jun 2026R$1.5tR$520.4bR$163.2b7.6x9.1x2.8x
Thu, 07 May 2026R$1.6tR$512.9bR$164.9b7.6x9.9x3.2x
Sat, 04 Apr 2026R$1.7tR$511.2bR$163.4b7.6x10.1x3.2x
Mon, 02 Mar 2026R$1.7tR$538.4bR$161.3b8.9x10.8x3.2x
Wed, 28 Jan 2026R$1.7tR$501.9bR$161.5b8.8x10.5x3.4x
Fri, 26 Dec 2025R$1.5tR$517.3bR$165.1b8.4x9.2x2.9x
Sun, 23 Nov 2025R$1.5tR$517.1bR$165.2b8.1x9x2.9x
Tue, 21 Oct 2025R$1.4tR$522.8bR$162.0b7.5x8.6x2.7x
Thu, 18 Sep 2025R$1.4tR$521.6bR$161.9b7.9x8.7x2.7x
Sat, 16 Aug 2025R$1.4tR$523.2bR$160.5b7.2x8.4x2.6x
Mon, 14 Jul 2025R$1.3tR$522.8bR$160.1b7.8x8.2x2.5x
Wed, 11 Jun 2025R$1.3tR$522.1bR$159.9b7.9x8.3x2.5x
Fri, 09 May 2025R$1.4tR$532.5bR$163.6b7.8x8.4x2.6x
Sun, 06 Apr 2025R$1.2tR$523.7bR$162.6b7.2x7.6x2.3x
Tue, 04 Mar 2025R$1.2tR$534.4bR$162.1b7.2x7.2x2.2x
Thu, 30 Jan 2025R$1.2tR$523.9bR$150.4b7.2x7.9x2.3x
Sat, 28 Dec 2024R$1.1tR$523.3bR$150.1b6.9x7.4x2.1x
Mon, 25 Nov 2024R$1.2tR$523.7bR$150.3b6.9x8x2.3x
Wed, 23 Oct 2024R$1.2tR$509.6bR$145.2b7.9x8.6x2.4x
Fri, 20 Sep 2024R$1.3tR$509.6bR$145.2b8.1x9x2.6x
Sun, 18 Aug 2024R$1.3tR$516.5bR$147.2b8.6x9x2.6x
Tue, 16 Jul 2024R$1.2tR$509.3bR$143.1b8x8.5x2.4x
Thu, 13 Jun 2024R$1.2tR$512.5bR$143.2b8x8.4x2.4x
Sat, 11 May 2024R$1.2tR$510.2bR$141.1b8.4x8.8x2.4x
Mon, 08 Apr 2024R$1.3tR$500.8bR$138.2b8.8x9.3x2.6x
Wed, 06 Mar 2024R$1.3tR$501.2bR$138.7b10x9.3x2.6x
Fri, 02 Feb 2024R$1.3tR$508.3bR$139.8b10.4x9.3x2.6x
Sun, 31 Dec 2023R$1.3tR$508.3bR$139.8b10.2x9.6x2.6x
Tue, 28 Nov 2023R$1.2tR$508.8bR$139.9b9.1x8.8x2.4x
Thu, 26 Oct 2023R$1.1tR$504.7bR$139.0b8.4x8.1x2.2x
Sat, 23 Sep 2023R$1.1tR$504.7bR$139.0b8.5x8.1x2.2x
Price to Earnings Ratio

8.1x


Total Market Cap: R$1.1tTotal Earnings: R$139.0bTotal Revenue: R$504.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Financials Sector Price to Earnings3Y Average 8.9x202420252026
Current Industry PE
  • Investors are optimistic on the Brazilian Financials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 9.8x which is higher than its 3-year average PE of 8.9x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 7.1% per year over the last three years.
  • Revenues for these companies have grown 2.1% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Brazilian Financials sector?

BR Market0.69%
Financials1.51%
Banks1.77%
Capital Markets1.64%
Diversified Financial0.065%
Mortgage REITs0%0
Consumer Finance0%0
Insurance-0.26%
Industry PE
  • Investors are most optimistic about the Capital Markets industry, which is trading close to its 3-year average PE ratio of 16.5x.
    • Analysts are expecting annual earnings growth of 12.8%, which is lower than the prior year's growth of 29.4% per year.
  • Investors are most pessimistic about the Diversified Financial industry, which is trading below its 3-year average of 5.1x.
Forecasted Growth
  • Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 13% over the next 5 years.
  • However this is lower than its past earnings growth rate of 29% per year.
  • In contrast, the Insurance industry is expected to see its earnings grow by 5.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
BPAC11 Banco BTG PactualR$60.833.0%
+R$8.5b		30.3%PE16.1x
BBAS3 Banco do BrasilR$22.712.4%
+R$3.0b		3.8%PB0.7x
CXSE3 Caixa Seguridade ParticipaçõesR$20.564.0%
+R$2.4b		45.2%PE13.6x
B3SA3 B3 - Brasil Bolsa BalcãoR$17.581.7%
+R$1.4b		28.1%PE16.5x
BNBR3 Banco do Nordeste do BrasilR$115.245.5%
+R$591.2m		17.0%PE4.1x

Latest News

B3SA3
R$17.58
B3 - Brasil Bolsa Balcão
7D
1.7%
1Y
28.1%
Narrative Update • Sep 15

B3SA3: Board Agenda And Updated Assumptions Will Shape A Fairly Valued Outlook

Analysts have lifted their price target for B3, Brasil Bolsa Balcão, to R$16.00 from R$15.49, reflecting updated assumptions around discount rate, revenue growth, profit margin and future P/E multiples. What’s in the News for B3 - Brasil Bolsa Balcão B3 - Brasil Bolsa Balcão has scheduled a board meeting for Jun 18, 2026, at 15:30 Coordinated Universal Time to consider resignations and new appointments, as well as other corporate matters.
BBAS3
R$22.71
Banco do Brasil
7D
2.4%
1Y
3.8%
Narrative Update • Sep 15

BBAS3: Fair Outlook Will Balance Margin Pressure And Higher Future P/E

Analysts have trimmed their price target for Banco do Brasil to R$24.36 from R$25.09, citing updated assumptions for revenue growth, profit margins and future P/E levels that point to a slightly more conservative view of the stock's valuation. What’s in the News for Banco do Brasil There are currently no recent company specific news items for Banco do Brasil provided in the available sources.
B1003
R$28.50
B100
7D
-5.0%
1Y
-59.3%
IRBR3
R$60.78
IRB-Brasil Resseguros
7D
-0.3%
1Y
26.5%
Narrative Update • Sep 04

IRBR3: Higher Profitability Outlook And Softer Revenue Will Shape Balanced Return Potential

Analysts have raised their price target for IRB-Brasil Resseguros from R$60.43 to R$65.71. The revised target reflects updated assumptions, including a higher discount rate, softer expectations for revenue growth, a stronger projected profit margin and a slightly higher anticipated future P/E multiple.
BNBR3
R$115.24
Banco do Nordeste do Brasil
7D
5.5%
1Y
17.0%
BAZA3
R$69.06
Banco da Amazônia
7D
1.1%
1Y
-11.8%
ECOM3
R$1.38
Economatica
7D
29.0%
1Y
-74.2%
SANB11
R$29.78
Banco Santander (Brasil)
7D
-0.6%
1Y
0.8%
Narrative Update • Aug 24

SANB11: Governance Refresh And CEO Transition Will Support Bullish Long-Term Outlook

Analysts now cite slightly adjusted assumptions on discount rate, revenue growth and profit margin as reasons for trimming their fair value estimate for Banco Santander (Brasil) by R$1.00, from R$34.43 to R$33.43. What’s in the News for Banco Santander (Brasil) Banco Santander, S.A. proposed to acquire an additional 10.34% stake in Banco Santander (Brasil) S.A. for up to €1.9b through voluntary exchange tender offers, with consideration in newly issued Banco Santander, S.A. shares delivered as BDRs or ADSs. Source: M&A Transaction Announcement, July 30, 2026.
PSSA3
R$49.87
Porto Seguro
7D
-1.8%
1Y
-2.0%
BEES3
R$8.99
Banestes - Banco do Estado do Espírito Santo
7D
0.8%
1Y
10.3%
CXSE3
R$20.56
Caixa Seguridade Participações
7D
4.0%
1Y
45.2%
Analysis Article • Aug 14

Caixa Seguridade Participações S.A. (BVMF:CXSE3) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates

Caixa Seguridade Participações S.A. ( BVMF:CXSE3 ) shareholders are probably feeling a little disappointed, since its...
BPAC11
R$60.83
Banco BTG Pactual
7D
3.0%
1Y
30.3%
BRBI11
R$14.24
BRBI BR Partners
7D
-0.2%
1Y
-21.0%
BBSE3
R$40.59
BB Seguridade Participações
7D
-0.8%
1Y
24.8%
Analysis Article • Aug 06

BB Seguridade Participações S.A. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

BB Seguridade Participações S.A. ( BVMF:BBSE3 ) just released its latest quarterly results and things are looking...
G2DI33
R$1.27
G2D Investments
7D
-0.8%
1Y
-29.1%