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Brazilian (BOVESPA) Financials Sector Analysis

UpdatedAug 02, 2026
DataAggregated Company Financials
Companies33
  • 7D2.3%
  • 3M-1.5%
  • 1Y26.5%
  • YTD6.8%

In the last week, the Financials industry is up 2.3%, with Banco BTG Pactual up 3.9%. This takes the industry's 12 month performance to a gain of 27%. Earnings are forecast to grow by 11% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 02 Aug 2026R$1.6tR$521.0bR$163.9b7.6x10x3.1x
Tue, 30 Jun 2026R$1.6tR$520.4bR$163.2b7.7x9.7x3x
Thu, 28 May 2026R$1.6tR$520.2bR$163.7b7.4x9.5x3x
Sat, 25 Apr 2026R$1.7tR$511.2bR$163.4b7.8x10.3x3.3x
Mon, 23 Mar 2026R$1.6tR$512.6bR$163.1b7.5x9.6x3x
Wed, 18 Feb 2026R$1.7tR$524.8bR$158.0b8.5x11x3.3x
Fri, 16 Jan 2026R$1.5tR$512.4bR$162.1b8.5x9.5x3x
Sun, 14 Dec 2025R$1.5tR$517.3bR$165.1b8.3x9.2x2.9x
Tue, 11 Nov 2025R$1.5tR$523.6bR$165.2b7.8x9x2.8x
Thu, 09 Oct 2025R$1.4tR$522.8bR$162.0b7.1x8.5x2.6x
Sat, 06 Sep 2025R$1.4tR$521.6bR$161.9b7.7x8.6x2.7x
Mon, 04 Aug 2025R$1.3tR$529.5bR$163.5b7.4x7.8x2.4x
Wed, 02 Jul 2025R$1.4tR$522.2bR$160.0b7.9x8.6x2.6x
Fri, 30 May 2025R$1.4tR$522.0bR$159.9b8x8.7x2.7x
Sun, 27 Apr 2025R$1.3tR$523.2bR$161.3b7.6x8.2x2.5x
Tue, 25 Mar 2025R$1.3tR$535.0bR$162.9b7.6x7.7x2.4x
Thu, 20 Feb 2025R$1.2tR$544.1bR$157.9b7.5x7.9x2.3x
Sat, 18 Jan 2025R$1.1tR$523.9bR$150.4b7.2x7.6x2.2x
Mon, 16 Dec 2024R$1.1tR$523.8bR$150.3b6.8x7.6x2.2x
Wed, 13 Nov 2024R$1.2tR$519.5bR$149.5b7.7x8.2x2.3x
Fri, 11 Oct 2024R$1.2tR$509.6bR$145.2b7.7x8.5x2.4x
Sun, 08 Sep 2024R$1.3tR$509.6bR$145.2b8.3x9.2x2.6x
Tue, 06 Aug 2024R$1.2tR$513.7bR$145.2b8.1x8.3x2.4x
Thu, 04 Jul 2024R$1.2tR$509.3bR$143.1b7.9x8.5x2.4x
Sat, 01 Jun 2024R$1.2tR$512.4bR$143.2b8x8.4x2.3x
Mon, 29 Apr 2024R$1.2tR$499.9bR$138.4b8.5x9x2.5x
Wed, 27 Mar 2024R$1.3tR$502.9bR$138.5b9.4x9.3x2.6x
Fri, 23 Feb 2024R$1.3tR$500.4bR$138.8b10.1x9.6x2.7x
Sun, 21 Jan 2024R$1.3tR$508.3bR$139.8b10.4x9.3x2.6x
Tue, 19 Dec 2023R$1.3tR$508.3bR$139.8b10.1x9.4x2.6x
Thu, 16 Nov 2023R$1.2tR$504.4bR$138.1b8.7x8.7x2.4x
Sat, 14 Oct 2023R$1.1tR$504.7bR$139.0b8.6x8.2x2.3x
Mon, 11 Sep 2023R$1.1tR$504.9bR$139.1b8.8x8.1x2.2x
Wed, 09 Aug 2023R$1.2tR$503.3bR$135.7b9.1x8.7x2.4x
Price to Earnings Ratio

8.7x


Total Market Cap: R$1.2tTotal Earnings: R$135.7bTotal Revenue: R$503.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Financials Sector Price to Earnings3Y Average 8.8x202420252026
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 10.0x which is higher than its 3-year average PE of 8.8x.
  • 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 6.5% 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 Market2.00%
Financials2.27%
Diversified Financial6.43%
Capital Markets3.44%
Banks2.56%
Mortgage REITs0%0
Consumer Finance0%0
Insurance-1.82%
Industry PE
  • Investors are most optimistic about the Capital Markets industry, which is trading close to its 3-year average PE ratio of 16.6x.
    • Analysts are expecting annual earnings growth of 13.3%, 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 5.1x.
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 35% per year.
  • In contrast, the Insurance industry is expected to see its earnings grow by 4.9% 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$56.803.9%
+R$10.3b		45.4%PE15.8x
SANB11 Banco Santander (Brasil)R$28.628.7%
+R$8.5b		10.8%PB0.8x
BBAS3 Banco do BrasilR$21.354.9%
+R$5.7b		16.3%PB0.6x
B3SA3 B3 - Brasil Bolsa BalcãoR$15.731.9%
+R$1.5b		24.9%PE15.9x
BNBR3 Banco do Nordeste do BrasilR$116.006.8%
+R$730.4m		16.3%PE3.5x

Latest News

ECOM3
R$1.02
Economatica
7D
-4.7%
1Y
-84.7%
SANB11
R$28.62
Banco Santander (Brasil)
7D
8.7%
1Y
10.8%
CXSE3
R$20.25
Caixa Seguridade Participações
7D
-4.8%
1Y
47.9%
PSSA3
R$54.70
Porto Seguro
7D
-0.1%
1Y
4.6%
Analysis Article • Jul 27

New Forecasts: Here's What Analysts Think The Future Holds For Porto Seguro S.A. (BVMF:PSSA3)

Celebrations may be in order for Porto Seguro S.A. ( BVMF:PSSA3 ) shareholders, with the analysts delivering a...
BBAS3
R$21.35
Banco do Brasil
7D
4.9%
1Y
16.3%
Narrative Update • Jul 23

BBAS3: Upcoming Capital Distribution Will Support Continued Bullish Thesis

Analysts have reduced their price target on Banco do Brasil to R$25.09 from R$25.71, citing updated assumptions that include different expectations for revenue growth, profit margins, and future P/E levels. What’s in the News for Banco do Brasil Banco do Brasil scheduled a board meeting on April 27, 2026 to consider and elect officers to complete the 2025 to 2027 term of office on the bank's executive board.
B3SA3
R$15.73
B3 - Brasil Bolsa Balcão
7D
1.9%
1Y
24.9%
Narrative Update • Jul 22

B3SA3: Higher Margin Outlook Will Support Future Earnings Multiple Repricing

Analysts have raised their price target for B3, Brasil Bolsa Balcão, from R$22.00 to R$23.00, citing updates to their models that reflect revised assumptions for profit margins, revenue growth, discount rate and future P/E multiples. What's in the News B3, Brasil Bolsa Balcão, has scheduled a board meeting for May 7, 2026 to consider approval of the company’s first-trimester 2026 financial statements.
B1003
R$31.00
B100
7D
29.6%
1Y
-72.0%
FAED11
R$152.00
Fundo de Investimento Imobiliário - FII Anhanguera Educacional
7D
-0.3%
1Y
5.8%
BAZA3
R$62.99
Banco da Amazônia
7D
2.5%
1Y
-13.1%
BBSE3
R$41.26
BB Seguridade Participações
7D
-0.6%
1Y
23.4%
BPAC11
R$56.80
Banco BTG Pactual
7D
3.9%
1Y
45.4%
Narrative Update • Jun 25

BPAC11: Slightly Higher Fair Value Will Support Future Upside Potential

Analysts have made a minor adjustment to their Banco BTG Pactual price target, lifting fair value slightly from R$65.92 to R$66.00. This reflects updated assumptions for discount rate, revenue growth, profit margin and future P/E that remain broadly consistent with prior expectations.
CSUD3
R$14.20
CSU Digital
7D
-0.6%
1Y
-21.5%
IRBR3
R$56.06
IRB-Brasil Resseguros
7D
4.1%
1Y
26.5%
Narrative Update • Jun 16

IRBR3: Index Exit And Remote Meeting Will Support Bullish Stock Outlook

Analysts have slightly reduced their price target for IRB-Brasil Resseguros, trimming fair value from about R$60.71 to roughly R$60.43, citing updated assumptions on revenue growth, profit margins, and future P/E as key drivers of the change. What’s in the News for IRB-Brasil Resseguros IRB-Brasil Resseguros S.A. is scheduled to hold a Special and Extraordinary Shareholders Meeting on April 15, 2026, to be conducted exclusively remotely via ten meetings in Brazil.
BNBR3
R$116.00
Banco do Nordeste do Brasil
7D
6.8%
1Y
16.3%
BRBI11
R$14.38
BRBI BR Partners
7D
-1.2%
1Y
-7.9%
PABY11
R$25.75
Fundo de Investimento Imobiliário Panamby
7D
-7.7%
1Y
128.1%