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Brazilian (BOVESPA) Banks Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies16
  • 7D2.3%
  • 3M5.5%
  • 1Y35.4%
  • YTD36.4%

Over the last 7 days, the Banks industry has dropped 2.3%. Meanwhile, Banco Santander (Brasil) actually outperformed within the industry, gaining 7.4% in the last week. In the past year, the industry has gained 33%. As for the next few years, earnings are expected to grow by 10% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025R$1.0tR$393.3bR$125.4b8.2x8x2.6x
Fri, 21 Nov 2025R$1.0tR$394.6bR$125.5b7.2x8.1x2.6x
Sun, 19 Oct 2025R$942.7bR$399.6bR$125.0b6.5x7.5x2.4x
Tue, 16 Sep 2025R$948.8bR$399.4bR$124.8b6.6x7.6x2.4x
Thu, 14 Aug 2025R$913.1bR$408.7bR$130.5b5.7x7x2.2x
Sat, 12 Jul 2025R$897.2bR$405.0bR$125.9b5.8x7.1x2.2x
Mon, 09 Jun 2025R$915.4bR$404.3bR$125.6b6.1x7.3x2.3x
Wed, 07 May 2025R$906.5bR$407.3bR$128.3b6.5x7.1x2.2x
Fri, 04 Apr 2025R$860.5bR$406.1bR$127.4b6.3x6.8x2.1x
Sun, 02 Mar 2025R$793.8bR$417.2bR$127.0b6.1x6.2x1.9x
Tue, 28 Jan 2025R$793.7bR$407.4bR$116.7b6x6.8x1.9x
Thu, 26 Dec 2024R$758.1bR$407.4bR$116.7b5.9x6.5x1.9x
Sat, 23 Nov 2024R$830.2bR$407.2bR$116.7b6.3x7.1x2x
Mon, 21 Oct 2024R$884.0bR$397.0bR$112.7b7.1x7.8x2.2x
Wed, 18 Sep 2024R$927.4bR$397.0bR$112.7b7.3x8.2x2.3x
Fri, 16 Aug 2024R$917.3bR$395.0bR$112.3b8.9x8.2x2.3x
Sun, 14 Jul 2024R$837.5bR$388.7bR$108.8b7.6x7.7x2.2x
Tue, 11 Jun 2024R$814.9bR$388.9bR$108.8b7.9x7.5x2.1x
Thu, 09 May 2024R$859.9bR$385.3bR$106.6b8.6x8.1x2.2x
Sat, 06 Apr 2024R$858.3bR$379.0bR$105.4b8.6x8.1x2.3x
Mon, 04 Mar 2024R$871.9bR$377.3bR$105.6b9.3x8.3x2.3x
Wed, 31 Jan 2024R$872.4bR$365.1bR$108.1b9.5x8.1x2.4x
Fri, 29 Dec 2023R$913.0bR$365.1bR$108.1b9.6x8.4x2.5x
Sun, 26 Nov 2023R$842.1bR$364.9bR$108.1b8.7x7.8x2.3x
Tue, 24 Oct 2023R$756.6bR$363.0bR$109.0b8.4x6.9x2.1x
Thu, 21 Sep 2023R$773.9bR$362.8bR$109.0b8.5x7.1x2.1x
Sat, 19 Aug 2023R$770.0bR$363.4bR$109.1b9.1x7.1x2.1x
Mon, 17 Jul 2023R$809.6bR$364.7bR$112.5b8.4x7.2x2.2x
Wed, 14 Jun 2023R$805.0bR$364.3bR$112.3b8.9x7.2x2.2x
Fri, 12 May 2023R$764.5bR$360.8bR$111.7b7.8x6.8x2.1x
Sun, 09 Apr 2023R$672.9bR$380.0bR$111.0b6.7x6.1x1.8x
Tue, 07 Mar 2023R$688.3bR$387.2bR$110.6b6.8x6.2x1.8x
Thu, 02 Feb 2023R$704.8bR$373.7bR$116.9b6.9x6x1.9x
Sat, 31 Dec 2022R$710.4bR$373.5bR$116.9b7.1x6.1x1.9x
Price to Earnings Ratio

6.1x


Total Market Cap: R$710.4bTotal Earnings: R$116.9bTotal Revenue: R$373.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Banks Industry Price to Earnings3Y Average 7.3x202320242025
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 8.1x which is higher than its 3-year average PE of 7.3x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 2.4% 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 Market-0.59%
Financials1.24%
Banks2.26%
Diversified Banks2.27%
Regional Banks1.58%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 7.3x.
    • Analysts are expecting annual earnings growth of 10.3%, which is lower than the prior year's growth of 13.3% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading below its 3-year average of 6.2x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 10% over the next 5 years.
  • However this is lower than its past earnings growth rate of 13% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 10% 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$34.107.4%
+R$8.7b		44.9%PB1.4x
BBAS3 Banco do BrasilR$21.750.2%
+R$228.3m		-9.1%PB0.7x
BAZA3 Banco da AmazôniaR$75.890.6%
+R$27.5m		-9.9%PB0.6x
BEES3 Banestes - Banco do Estado do Espírito SantoR$8.010.3%
+R$7.0m		4.6%PB1.1x

Latest News

BBAS3
R$21.75
Banco do Brasil
7D
0.2%
1Y
-9.1%
SANB11
R$34.10
Banco Santander (Brasil)
7D
7.4%
1Y
44.9%
BAZA3
R$75.89
Banco da Amazônia
7D
0.6%
1Y
-9.9%
BEES3
R$8.01
Banestes - Banco do Estado do Espírito Santo
7D
0.3%
1Y
4.6%