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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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About BOVESPA:BPAC11
Banco BTG Pactual
Provides financial products and services in Brazil and internationally.