Institution Target Price Recommendation Base Date
HSBC R$ 83.00 Buy jan-19
Itaú BBA R$ 83.00 Hold fev-19
Goldman Sachs R$ 82.00 Buy jan-19
Bradesco BBI R$ 82.00 Hold jul-18
Brasil Plural R$ 80.00 Hold jan-19
JP Morgan R$ 78.00 Buy ago-18
UBS R$ 76.50 Hold fev-19
XP Investimentos R$ 75.00 Hold ago-18
Bank of America - ML R$ 75.00 Hold ago-18
Banco do Brasil R$ 73.00 Hold ago-18
Safra R$ 71.70 Hold fev-19
BTG Pactual R$ 70.00 Buy ago-18
Citi R$ 70.00 Hold nov-18
Santander R$ 69.98 Hold dez-18
 
Average R$ 76.37
Highest R$ 83.00
Lowest R$ 69.30

Regulatory Results

Institution
(million)
Net Revenue EBITDA Net Income Net Debt
2018e 2019e 2020e 2018e 2019e 2020e 2018e 2019e 2020e 2018e 2019e 2020e
Banco do Brasil 2.275 2.414 2.560 1.703 1.814 1.935 985 1.049 1.077 1.505 1.683 2.497
Bank of America - ML 2.467 2.550 2.627 1.809 1.843 1.899 1.188 1.240 1.265 800 950 1.109
Bradesco BBI 3.057 3.011 2.967 2.463 2.391 2.319 1.458 1.390 1.308 2.740 2.885 3.274
Brasil Plural 2.445 2.609 2.747 1.965 2.099 2.220 1.146 1.182 1.154 1.622 2.143 2.598
BTG Pactual 2.760 2.616 2.798 1.754 1.603 1.787 1.247 1.192 1.295 1.794 1.745 1.814
Citi 2.769 2.953 3.431 2.094 1.784 1.765 1.402 1.129 1.060 1.923 2.631 3.748
Goldman Sachs 2.199 2.284 2.360 1.504 1.561 1.607 1.540 1.457 1.517 1.219 2.106 2.785
HSBC 2.803 2.850 2.908 2.271 2.294 2.330 1.074 1.091 1.134 1.262 1.196 916
Itaú BBA 2.742 2.791 3.048 2.254 2.258 2.488 1.119 1.310 1.446 2.470 3.003 3.242
JP Morgan 2.208 2.236 2.979 1.433 1.407 1.516 982 1.125 1.307 624 -321 -223
Safra 2.692 2.617 2.839 2.184 2.059 2.258 1.188 896 1.023 2.947 2.510 2.888
Santander  2.680 2.642 2.674 2.153 2.085 2.097 1.051 1.049 1.074 653 148 -634
UBS 2.786 2.709 2.845 2.293 2.196 2.312 1.108 1.065 1.075 1.648 2.127 2.830
XP Investimentos 2.689 2.731 2.715 2.247 2.253 2.218 1.031 1.217 1.104 341 531 1.204
Average 2.612 2.644 2.821 2.009 1.975 2.054 1.180 1.171 1.203 1.539 1.667 2.003
Highest 3.057 3.011 3.431 2.463 2.391 2.488 1.540 1.457 1.517 2.947 3.003 3.748
Lowest 2.199 2.236 2.360 1.433 1.407 1.516 982 896 1.023 341 -321 -634

Updated on February 18, 2019.