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Brazilian (BOVESPA) Banks Industry Analysis

UpdatedAug 11, 2026
DataAggregated Company Financials
Companies15
  • 7D-3.8%
  • 3M0.8%
  • 1Y9.4%
  • YTD-0.9%

Over the last 7 days, the Banks industry has dropped 3.8%, driven by Banco do Brasil declining 4.6%. This takes the industry's 12 month performance to a gain of 9.4%. 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
Tue, 11 Aug 2026R$1.0tR$391.9bR$123.0b6x8.4x2.7x
Thu, 09 Jul 2026R$1.0tR$383.9bR$120.3b6.6x8.7x2.7x
Sat, 06 Jun 2026R$998.2bR$384.2bR$120.6b7.1x8.3x2.6x
Mon, 04 May 2026R$1.1tR$384.3bR$122.4b7.2x9x2.9x
Wed, 01 Apr 2026R$1.1tR$384.3bR$122.4b7.1x9x2.9x
Fri, 27 Feb 2026R$1.2tR$410.3bR$120.5b8.2x10x2.9x
Sun, 25 Jan 2026R$1.1tR$388.3bR$122.3b8.2x9.4x3x
Tue, 23 Dec 2025R$1.0tR$393.3bR$125.4b8.1x8.1x2.6x
Thu, 20 Nov 2025R$1.0tR$394.3bR$125.4b8x8.1x2.6x
Sat, 18 Oct 2025R$942.7bR$399.6bR$125.0b6.5x7.5x2.4x
Mon, 15 Sep 2025R$943.5bR$399.4bR$124.8b6.5x7.6x2.4x
Wed, 13 Aug 2025R$918.8bR$408.7bR$130.4b5.7x7x2.2x
Fri, 11 Jul 2025R$897.2bR$405.0bR$125.9b5.8x7.1x2.2x
Sun, 08 Jun 2025R$915.4bR$404.3bR$125.6b6.1x7.3x2.3x
Tue, 06 May 2025R$910.5bR$407.3bR$128.3b6.6x7.1x2.2x
Thu, 03 Apr 2025R$848.1bR$406.1bR$127.4b6.3x6.7x2.1x
Sat, 01 Mar 2025R$811.6bR$417.2bR$127.0b6.1x6.4x1.9x
Mon, 27 Jan 2025R$793.7bR$407.4bR$116.7b5.9x6.8x1.9x
Wed, 25 Dec 2024R$758.1bR$407.4bR$116.7b5.9x6.5x1.9x
Fri, 22 Nov 2024R$842.6bR$407.2bR$116.7b6.3x7.2x2.1x
Sun, 20 Oct 2024R$884.0bR$397.0bR$112.7b7.1x7.8x2.2x
Tue, 17 Sep 2024R$931.8bR$397.0bR$112.7b7.4x8.3x2.3x
Thu, 15 Aug 2024R$907.9bR$395.1bR$112.3b8.4x8.1x2.3x
Sat, 13 Jul 2024R$837.5bR$388.7bR$108.8b7.6x7.7x2.2x
Mon, 10 Jun 2024R$814.9bR$388.9bR$108.8b7.9x7.5x2.1x
Wed, 08 May 2024R$856.8bR$383.1bR$105.5b8.8x8.1x2.2x
Fri, 05 Apr 2024R$861.5bR$379.0bR$105.4b8.5x8.2x2.3x
Sun, 03 Mar 2024R$871.9bR$377.3bR$105.6b9.3x8.3x2.3x
Tue, 30 Jan 2024R$877.1bR$365.1bR$108.1b9.5x8.1x2.4x
Thu, 28 Dec 2023R$910.7bR$365.0bR$108.1b9.5x8.4x2.5x
Sat, 25 Nov 2023R$844.4bR$364.9bR$108.1b8.7x7.8x2.3x
Mon, 23 Oct 2023R$755.0bR$363.0bR$109.0b8.4x6.9x2.1x
Wed, 20 Sep 2023R$767.0bR$362.8bR$109.0b8.5x7x2.1x
Fri, 18 Aug 2023R$767.2bR$363.5bR$109.1b8.8x7x2.1x
Price to Earnings Ratio

7x


Total Market Cap: R$767.2bTotal Earnings: R$109.1bTotal Revenue: R$363.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Banks Industry Price to Earnings3Y Average 7.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the Brazilian Banks 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 7.8x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 4.1% per year over the last three years.
  • Revenues for these companies have grown 2.5% 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 industry?

BR Market-3.25%
Financials-4.58%
Banks-3.85%
Regional Banks-0.97%
Diversified Banks-3.87%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to 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 5.9x.
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
SANB11 Banco Santander (Brasil)R$29.250.5%
+R$561.6m		8.1%PB0.9x

Latest News

SANB11
R$29.25
Banco Santander (Brasil)
7D
0.5%
1Y
8.1%
Narrative Update • Aug 07

SANB11: Upcoming Governance Shakeup Will Support Bullish Long-Term Outlook

Analysts have adjusted their price target for Banco Santander (Brasil) to R$34.43 from R$35.67, reflecting updated assumptions for revenue growth, profit margins and an increased projected P/E multiple. 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 new shares of Banco Santander, S.A. to be issued as consideration.
BBAS3
R$20.03
Banco do Brasil
7D
-4.6%
1Y
4.1%
Narrative Update • Aug 06

BBAS3: Lower Future P/E Will Likely Pressure Current Pricing

Analysts have lowered their price target for Banco do Brasil to R$19.00 from R$20.00, citing updated assumptions that include slightly higher revenue growth, a modestly stronger profit margin and a lower projected future P/E multiple. What’s in the News for Banco do Brasil Banco do Brasil has scheduled a board meeting on 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.
BAZA3
R$61.73
Banco da Amazônia
7D
-3.0%
1Y
-15.2%