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Brazilian (BOVESPA) Financials Sector Analysis

UpdatedJun 17, 2026
DataAggregated Company Financials
Companies34
  • 7D2.3%
  • 3M-6.2%
  • 1Y9.5%
  • YTD-0.3%

Over the last 7 days, the Financials industry has risen 2.3%, driven by gains from Banco BTG Pactual of 3.0%. In the last 12 months, the industry was up 9.5%. As for the next few years, earnings are expected to grow by 11% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Jun 2026R$1.5tR$520.4bR$163.2b7.6x9.3x2.9x
Fri, 15 May 2026R$1.5tR$515.8bR$163.6b7.5x9.5x3x
Sun, 12 Apr 2026R$1.8tR$511.2bR$163.4b7.9x10.8x3.4x
Tue, 10 Mar 2026R$1.6tR$526.6bR$158.3b8.5x10.3x3.1x
Thu, 05 Feb 2026R$1.8tR$501.9bR$161.5b9.5x10.8x3.5x
Sat, 03 Jan 2026R$1.5tR$517.3bR$165.1b8.2x9.2x2.9x
Mon, 01 Dec 2025R$1.6tR$517.3bR$165.1b8.2x9.4x3x
Wed, 29 Oct 2025R$1.4tR$522.8bR$162.0b7.5x8.7x2.7x
Fri, 26 Sep 2025R$1.4tR$521.6bR$161.9b7.6x8.7x2.7x
Sun, 24 Aug 2025R$1.3tR$521.3bR$161.9b7.3x8.3x2.6x
Tue, 22 Jul 2025R$1.3tR$523.1bR$160.1b7.6x8.1x2.5x
Thu, 19 Jun 2025R$1.4tR$522.1bR$159.9b7.9x8.6x2.6x
Sat, 17 May 2025R$1.4tR$533.5bR$160.8b8x8.7x2.6x
Mon, 14 Apr 2025R$1.2tR$523.2bR$161.2b7.6x7.7x2.4x
Wed, 12 Mar 2025R$1.2tR$534.9bR$162.1b7.2x7.3x2.2x
Fri, 07 Feb 2025R$1.2tR$535.1bR$151.6b7.6x8x2.3x
Sun, 05 Jan 2025R$1.1tR$523.5bR$150.2b6.7x7.2x2.1x
Tue, 03 Dec 2024R$1.1tR$525.7bR$151.5b6.7x7.6x2.2x
Thu, 31 Oct 2024R$1.2tR$511.8bR$146.1b8x8.5x2.4x
Sat, 28 Sep 2024R$1.3tR$509.6bR$145.2b8.1x8.8x2.5x
Mon, 26 Aug 2024R$1.3tR$519.5bR$146.5b8.4x9.2x2.6x
Wed, 24 Jul 2024R$1.2tR$509.3bR$143.1b7.7x8.6x2.4x
Fri, 21 Jun 2024R$1.2tR$509.3bR$143.1b7.9x8.4x2.4x
Sun, 19 May 2024R$1.3tR$512.6bR$143.2b8.4x8.9x2.5x
Tue, 16 Apr 2024R$1.2tR$500.4bR$138.2b8.6x8.4x2.3x
Thu, 14 Mar 2024R$1.3tR$501.2bR$138.7b9.5x9.4x2.6x
Sat, 10 Feb 2024R$1.3tR$491.0bR$143.5b10.1x9.1x2.6x
Mon, 08 Jan 2024R$1.3tR$508.3bR$139.8b10.1x9.5x2.6x
Wed, 06 Dec 2023R$1.3tR$508.3bR$139.8b9.8x9.1x2.5x
Fri, 03 Nov 2023R$1.1tR$505.2bR$138.3b8.4x8x2.2x
Sun, 01 Oct 2023R$1.1tR$504.7bR$139.0b8.5x8.1x2.2x
Tue, 29 Aug 2023R$1.1tR$503.6bR$139.1b8.6x8.2x2.3x
Thu, 27 Jul 2023R$1.2tR$506.8bR$139.7b9x8.8x2.4x
Sat, 24 Jun 2023R$1.2tR$506.8bR$139.7b9.1x8.7x2.4x
Price to Earnings Ratio

8.7x


Total Market Cap: R$1.2tTotal Earnings: R$139.7bTotal Revenue: R$506.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Financials Sector Price to Earnings3Y Average 8.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the Brazilian Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 8.8x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 5.3% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

BR Market0.47%
Financials2.33%
Insurance3.42%
Banks2.22%
Capital Markets2.18%
Diversified Financial0.28%
Mortgage REITs0%0
Consumer Finance0%0
Industry PE
  • Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 16.8x.
    • Analysts are expecting annual earnings growth of 13.2%, which is lower than the prior year's growth of 35.0% per year.
  • Investors are most pessimistic about the Diversified Financial industry, which is trading below its 3-year average of 5.2x.
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 35% per year.
  • In contrast, the Insurance industry is expected to see its earnings grow by 4.7% 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$50.703.0%
+R$7.2b		21.3%PE14.1x
BBSE3 BB Seguridade ParticipaçõesR$38.194.3%
+R$3.0b		7.5%PE8.1x
BBAS3 Banco do BrasilR$19.402.1%
+R$2.3b		-11.1%PB0.6x
PSSA3 Porto SeguroR$50.564.3%
+R$1.3b		-5.7%PE8.8x
CXSE3 Caixa Seguridade ParticipaçõesR$18.732.1%
+R$1.1b		29.6%PE12.8x

Latest News

PSSA3
R$50.56
Porto Seguro
7D
4.3%
1Y
-5.7%
Narrative Update • Jun 11

PSSA3: Index Removal Will Coincide With Softer Revenue Outlook And Firmer P/E Expectations

Analysts have raised their price target on Porto Seguro from R$46.00 to approximately R$47.87, citing updated assumptions that include a slightly higher discount rate, a steeper revenue decline, and a small improvement in profit margin and future P/E expectations. What's in the News Porto Seguro S.A. was removed from the Brazil IBRX 50 Index, according to recent index constituent changes (source: Key Developments).
BPAC11
R$50.70
Banco BTG Pactual
7D
3.0%
1Y
21.3%
Narrative Update • Jun 10

BPAC11: Refined Discount Rate Assumptions Will Support Future Upside Potential

Analysts have nudged their price target for Banco BTG Pactual slightly lower to R$65.92 from R$66.31, reflecting updated assumptions that combine a modestly adjusted discount rate with small tweaks to long term revenue growth, profit margin outlook and future P/E expectations. What's in the News No recent news stories, periodical coverage or key developments were provided for Banco BTG Pactual, so there are currently no specific events to highlight for you.
FAED11
R$150.15
Fundo de Investimento Imobiliário - FII Anhanguera Educacional
7D
-0.2%
1Y
5.2%
B3SA3
R$15.04
B3 - Brasil Bolsa Balcão
7D
-0.5%
1Y
9.1%
Narrative Update • Jun 09

B3SA3: New Settlement Platform And Governance Actions Will Support Forward Upside

Analysts have nudged their price target for B3 slightly higher to R$20.11 from R$20.04. This reflects small adjustments to revenue growth, profit margin assumptions and the future P/E outlook.
BAZA3
R$61.52
Banco da Amazônia
7D
4.3%
1Y
-20.5%
BBAS3
R$19.40
Banco do Brasil
7D
2.1%
1Y
-11.1%
Narrative Update • Jun 06

BBAS3: Higher Revenue Outlook Will Support Repriced Future P E Multiple

Analysts have increased their price target for Banco do Brasil slightly to R$37.75, citing a revised view on revenue growth, profit margin and future P/E assumptions. What's in the News A board meeting is scheduled for May 11, 2026 to consider distributing BRL 465,702,640.04 to shareholders as interest on own share capital for the first quarter of 2026.
CXSE3
R$18.73
Caixa Seguridade Participações
7D
2.1%
1Y
29.6%
Narrative Update • Jun 04

CXSE3: Future Upside Will Depend On Revenue Expansion And P E Support

Analysts have nudged their price target for Caixa Seguridade Participações slightly lower to about R$19.41 from around R$19.44, citing updated assumptions for revenue growth, profit margins and the future P/E multiple. What's in the News No recent company specific news, periodical coverage or key developments were provided in the sources above, so current publicly reported catalysts for Caixa Seguridade Participações cannot be summarized here.
BBSE3
R$38.19
BB Seguridade Participações
7D
4.3%
1Y
7.5%
Narrative Update • Jun 03

BBSE3: Fair Value Will Face Pressure From Recent Bearish Downgrade

Analysts now hold BB Seguridade Participações at an unchanged fair value of R$36.92 per share. A slightly higher discount rate and modestly adjusted assumptions for revenue growth, profit margin, and future P/E, alongside a recent downgrade in Street research, frame a more cautious tone around the stock.
BEES3
R$8.72
Banestes - Banco do Estado do Espírito Santo
7D
1.6%
1Y
13.2%
BRBI11
R$14.90
BRBI BR Partners
7D
-1.2%
1Y
-4.5%
SANB11
R$27.09
Banco Santander (Brasil)
7D
0.3%
1Y
-9.9%
RPAD3
R$6.91
Alfa Holdings
7D
-7.9%
1Y
64.5%
PABY11
R$17.75
Fundo de Investimento Imobiliário Panamby
7D
-5.3%
1Y
62.8%