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

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

Key Financial Results

• Revenue: R$8.11b (up 5.9% from 2Q 2023).
• Net income: R$2.82b (up 16% from 2Q 2023).
• Profit margin: 35% (up from 32% in 2Q 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 up 2.9% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Banco BTG Pactual's balance sheet health.

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