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Brazilian (BOVESPA) Banks Industry Analysis

UpdatedAug 10, 2024
DataAggregated Company Financials
Companies16
  • 7D5.4%
  • 3M3.1%
  • 1Y11.8%
  • YTD-3.1%

In the last week, the Banks industry is up 5.4%, with Banco do Brasil up 1.5%. This means that the industry has gained 12% over the past year. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 11 Aug 2024R$866.4bR$388.2bR$115.1b8.1x7.5x2.2x
Tue, 09 Jul 2024R$822.6bR$388.7bR$108.8b7.6x7.6x2.1x
Thu, 06 Jun 2024R$814.3bR$388.9bR$108.8b7.7x7.5x2.1x
Sat, 04 May 2024R$848.3bR$379.8bR$104.1b8.8x8.1x2.2x
Mon, 01 Apr 2024R$878.4bR$379.0bR$105.4b8.4x8.3x2.3x
Wed, 28 Feb 2024R$873.7bR$377.3bR$105.6b9.4x8.3x2.3x
Fri, 26 Jan 2024R$871.4bR$365.1bR$108.1b9.4x8.1x2.4x
Sun, 24 Dec 2023R$897.6bR$365.0bR$108.1b9.3x8.3x2.5x
Tue, 21 Nov 2023R$832.6bR$365.4bR$108.1b8x7.7x2.3x
Thu, 19 Oct 2023R$756.7bR$363.0bR$109.0b8.3x6.9x2.1x
Sat, 16 Sep 2023R$775.1bR$363.1bR$109.2b8.6x7.1x2.1x
Mon, 14 Aug 2023R$784.3bR$363.4bR$108.7b8.8x7.2x2.2x
Wed, 12 Jul 2023R$821.2bR$364.7bR$112.5b8.4x7.3x2.3x
Fri, 09 Jun 2023R$787.6bR$364.3bR$112.3b8.5x7x2.2x
Sun, 07 May 2023R$731.9bR$361.2bR$111.0b6.8x6.6x2x
Tue, 04 Apr 2023R$667.4bR$380.0bR$111.0b6.8x6x1.8x
Thu, 02 Mar 2023R$690.5bR$387.8bR$110.2b6.6x6.3x1.8x
Sat, 28 Jan 2023R$709.0bR$373.7bR$116.9b7x6.1x1.9x
Mon, 26 Dec 2022R$713.3bR$373.9bR$117.0b7x6.1x1.9x
Wed, 23 Nov 2022R$649.0bR$381.3bR$117.4b5.9x5.5x1.7x
Fri, 21 Oct 2022R$844.9bR$371.9bR$112.0b7.8x7.5x2.3x
Sun, 18 Sep 2022R$774.9bR$371.6bR$112.0b7.4x6.9x2.1x
Tue, 16 Aug 2022R$793.4bR$371.1bR$112.3b7.5x7.1x2.1x
Thu, 14 Jul 2022R$675.9bR$370.2bR$105.8b6.9x6.4x1.8x
Sat, 11 Jun 2022R$743.5bR$370.2bR$105.8b7.4x7x2x
Mon, 09 May 2022R$735.2bR$365.2bR$101.5b7.3x7.2x2x
Wed, 06 Apr 2022R$807.4bR$363.4bR$101.6b7.9x7.9x2.2x
Fri, 04 Mar 2022R$768.3bR$361.3bR$100.3b7.5x7.7x2.1x
Sun, 30 Jan 2022R$790.0bR$370.1bR$101.6b7.6x7.8x2.1x
Tue, 28 Dec 2021R$709.6bR$370.1bR$101.6b7.3x7x1.9x
Thu, 25 Nov 2021R$757.7bR$369.7bR$101.4b7.2x7.5x2x
Sat, 23 Oct 2021R$781.6bR$358.7bR$95.4b8x8.2x2.2x
Mon, 20 Sep 2021R$849.1bR$358.7bR$95.4b8.2x8.9x2.4x
Wed, 18 Aug 2021R$921.5bR$360.1bR$95.6b8.2x9.6x2.6x
Price to Earnings Ratio

9.6x


Total Market Cap: R$921.5bTotal Earnings: R$95.6bTotal Revenue: R$360.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Banks Industry Price to Earnings3Y Average 7.4x202220232024
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 7.4x.
  • The industry is trading close to its 3-year average PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 6.4% 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 Market3.30%
Financials5.16%
Banks5.42%
Diversified Banks5.51%
Regional Banks-0.61%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 7.4x.
    • Analysts are expecting annual earnings growth of 15.8%, which is higher than its past year's earnings growth of 10.3% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 7.1x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings growth rate of 10% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 16% 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$26.551.5%
+R$2.2b
11.8%PB0.9x
BAZA3 Banco da AmazôniaR$94.941.2%
+R$63.3m
36.5%PB0.9x
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Latest News

BBAS3

R$26.55

Banco do Brasil

7D

1.5%

1Y

11.8%

BAZA3

R$94.94

Banco da Amazônia

7D

1.2%

1Y

36.5%