Banco do Brasil Reports Second Quarter 2024 Earnings

Banco do Brasil (BVMF:BBAS3) Second Quarter 2024 Results

Key Financial Results

• Revenue: R$22.6b (down 23% from 2Q 2023).
• Net income: R$9.72b (up 42% from 2Q 2023).
• Profit margin: 43% (up from 23% in 2Q 2023). The increase in margin was driven by lower expenses.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Banco do Brasil Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Banks industry in Brazil.

Performance of the Brazilian Banks industry.

The company's shares are up 1.5% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Banco do Brasil that we have uncovered.

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