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Brazilian (BOVESPA) Banks Industry Analysis

UpdatedJun 27, 2026
DataAggregated Company Financials
Companies16
  • 7D4.1%
  • 3M-2.1%
  • 1Y11.8%
  • YTD1.4%

In the last week, the Banks industry is up 4.1%, with Banco do Brasil up 4.7%. In the last 12 months, the industry was up 12%. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

Has the Brazilian Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Jun 2026R$1.1tR$383.9bR$120.3b6.6x8.8x2.8x
Mon, 25 May 2026R$1.0tR$384.1bR$120.5b7.3x8.4x2.6x
Wed, 22 Apr 2026R$1.2tR$384.3bR$122.4b7.8x9.6x3.1x
Fri, 20 Mar 2026R$1.1tR$384.3bR$122.4b6.2x8.8x2.8x
Sun, 15 Feb 2026R$1.2tR$397.0bR$116.9b8.3x10.2x3x
Tue, 13 Jan 2026R$1.0tR$388.3bR$122.3b7.8x8.6x2.7x
Thu, 11 Dec 2025R$1.0tR$393.3bR$125.4b8x8.2x2.6x
Sat, 08 Nov 2025R$1.0tR$411.0bR$128.3b7.5x7.9x2.5x
Mon, 06 Oct 2025R$951.8bR$399.3bR$124.7b6.9x7.6x2.4x
Wed, 03 Sep 2025R$934.6bR$399.4bR$124.8b6.5x7.5x2.3x
Fri, 01 Aug 2025R$873.2bR$405.9bR$126.1b5.7x6.9x2.2x
Sun, 29 Jun 2025R$920.3bR$404.4bR$125.7b5.9x7.3x2.3x
Tue, 27 May 2025R$953.1bR$404.1bR$125.6b6.4x7.6x2.4x
Thu, 24 Apr 2025R$885.3bR$406.2bR$127.4b6.2x6.9x2.2x
Sat, 22 Mar 2025R$855.7bR$417.3bR$127.7b6.2x6.7x2.1x
Mon, 17 Feb 2025R$853.0bR$426.1bR$123.2b6.2x6.9x2x
Wed, 15 Jan 2025R$762.6bR$400.6bR$115.9b6.2x6.6x1.9x
Fri, 13 Dec 2024R$816.0bR$407.4bR$116.7b6.2x7x2x
Sun, 10 Nov 2024R$854.2bR$406.8bR$116.7b5.8x7.3x2.1x
Tue, 08 Oct 2024R$881.8bR$397.0bR$112.7b7.1x7.8x2.2x
Thu, 05 Sep 2024R$935.2bR$397.0bR$112.7b7x8.3x2.4x
Sat, 03 Aug 2024R$823.6bR$393.4bR$110.7b7.5x7.4x2.1x
Mon, 01 Jul 2024R$816.3bR$388.7bR$108.8b7.4x7.5x2.1x
Wed, 29 May 2024R$824.4bR$389.0bR$108.8b7.8x7.6x2.1x
Fri, 26 Apr 2024R$821.7bR$378.6bR$105.4b8.5x7.8x2.2x
Sun, 24 Mar 2024R$861.1bR$379.0bR$105.4b8.6x8.2x2.3x
Tue, 20 Feb 2024R$876.0bR$377.3bR$106.4b9x8.2x2.3x
Thu, 18 Jan 2024R$881.4bR$365.1bR$108.1b9.5x8.2x2.4x
Sat, 16 Dec 2023R$894.1bR$365.0bR$108.1b9.3x8.3x2.4x
Mon, 13 Nov 2023R$811.1bR$366.3bR$104.5b8.1x7.8x2.2x
Wed, 11 Oct 2023R$766.2bR$363.0bR$109.0b8.5x7x2.1x
Fri, 08 Sep 2023R$762.0bR$363.1bR$109.2b8.4x7x2.1x
Sun, 06 Aug 2023R$793.3bR$357.0bR$106.8b9x7.4x2.2x
Tue, 04 Jul 2023R$834.8bR$364.7bR$112.5b8.6x7.4x2.3x
Price to Earnings Ratio

7.4x


Total Market Cap: R$834.8bTotal Earnings: R$112.5bTotal Revenue: R$364.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Banks Industry Price to Earnings3Y Average 7.7x202420252026
Current Industry PE
  • Investors are optimistic on the Brazilian Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 8.8x which is higher than its 3-year average PE of 7.7x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 2.3% 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 industry?

BR Market2.81%
Financials4.28%
Banks4.11%
Diversified Banks4.17%
Regional Banks-0.92%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 7.8x.
    • Analysts are expecting annual earnings growth of 11.6%, which is lower than the prior year's growth of 17.8% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading below its 3-year average of 6.0x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 12% over the next 5 years.
  • However this is lower than its past earnings growth rate of 18% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 12% 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
BBAS3 Banco do BrasilR$20.344.7%
+R$5.3b		-6.4%PB0.6x
BAZA3 Banco da AmazôniaR$59.990.07%
+R$2.2m		-18.9%PB0.5x

Latest News

SANB11
R$26.35
Banco Santander (Brasil)
7D
-2.0%
1Y
-9.6%
Narrative Update • Jun 26

SANB11: Upcoming Leadership Changes And Governance Decisions Will Support Bullish Outlook

Analysts have modestly lifted their price target for Banco Santander (Brasil) to R$35.67 from R$34.46, citing updated assumptions for revenue growth, profit margins, and a slightly lower expected future P/E multiple. What's in the News for Banco Santander (Brasil) Board meeting on March 27, 2026 to decide on the approval of the Administration Proposal to call the Ordinary General Meeting.
BBAS3
R$20.34
Banco do Brasil
7D
4.7%
1Y
-6.4%
Narrative Update • Jun 25

BBAS3: Future Board Actions And Capital Distributions Will Support Bullish Outlook

Analysts have reduced their price target for Banco do Brasil to R$25.71 from R$26.60, citing updated assumptions for revenue growth, profit margins, fair value, and future P/E expectations. What’s in the News for Banco do Brasil Banco do Brasil has scheduled a board meeting on April 27, 2026, to consider and elect officers to complete the 2025 to 2027 term on the bank's executive board.
BAZA3
R$59.99
Banco da Amazônia
7D
0.07%
1Y
-18.9%
BEES3
R$8.50
Banestes - Banco do Estado do Espírito Santo
7D
-1.2%
1Y
10.1%
RPAD3
R$6.50
Alfa Holdings
7D
-5.9%
1Y
57.4%