Banco BTG Pactual First Quarter 2024 Earnings: Revenues In Line With Expectations

Banco BTG Pactual (BVMF:BPAC11) First Quarter 2024 Results

Key Financial Results

• Revenue: R$8.24b (up 13% from 1Q 2023).
• Net income: R$2.77b (up 30% from 1Q 2023).
• Profit margin: 34% (up from 29% in 1Q 2023). The increase in margin was driven by higher revenue.

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

Banco BTG Pactual Meets Expectations

Revenue was in line with analyst estimates.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Capital Markets industry in South America.

Performance of the market in Brazil.

The company's shares are down 3.1% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Banco BTG Pactual, and understanding this should be part of your investment process.

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