Banco BTG Pactual Third Quarter 2024 Earnings: Revenues Beat Expectations

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

Key Financial Results

• Revenue: R$9.32b (up 29% from 3Q 2023).
• Net income: R$3.07b (up 17% from 3Q 2023).
• Profit margin: 33% (down from 36% in 3Q 2023). The decrease in margin was driven by higher expenses.

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

Banco BTG Pactual Revenues Beat Expectations

Revenue exceeded analyst estimates by 2.5%.

Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Global Capital Markets industry.

Performance of the market in Brazil.

The company's shares are up 3.3% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Banco BTG Pactual's balance sheet health.

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