Institution Target Price Recommendation
HSBC R$ 21.00 Buy
Itaú BBA R$ 21.00 Hold
JP Morgan R$ 21.00 Buy
Bradesco BBI R$ 20.50 Hold
Brasil Plural R$ 20.00 Hold
XP Investimentos R$ 20.00 Hold
UBS R$ 19.13 Hold
Citi R$ 19.10 Hold
Bank of America - ML R$ 18.75 Hold
Safra R$ 18.60 Hold
Santander R$ 17.50 Hold
Banco do Brasil R$ 17.15 Sell
BTG Pactual R$ 17.00 Buy
 
Average R$ 19.29
Highest R$ 21.00
Lowest R$ 17.00

Regulatory Results

Institution
(million)
Net Revenue EBITDA Net Income Net Debt
2019e 2020e 2021e 2019e 2020e 2021e 2019e 2020e 2021e 2019e 2020e 2021e
Banco do Brasil 2.717 2.821 2.922 2.182 2.257 2.329 1.182 1.255 1.231 1.821 2.303 3.007
Bank of America - ML 2.550 2.627   1.843 1.899   1.240 1.265   950 1.109  
Bradesco BBI 3.011 2.967   2.391 2.319   1.390 1.308   2.885 3.274  
Brasil Plural 2.609 2.747 2.939 2.099 2.220 2.388 1.182 1.154 1.236 2.143 2.598  
BTG Pactual 2.582 2.819   1.544 1.736   1.143 1.254   1.745 1.814  
Citi 2.891 3.342 2.981 1.709 1.680 1.708 1.076 990 937 2.631 3.748  
HSBC 2.850 2.908   2.294 2.330   1.091 1.134   1.196 916  
Itaú BBA 2.791 3.048 3.309 2.258 2.488 2.714 1.310 1.446 1.630 3.003 3.242 3.329
JP Morgan 2.236 2.979   1.407 1.516   1.125 1.307   -321 -223  
Safra 2.662 2.839 3.002 2.084 2.239 2.379 946 1.047 1.151 1.562 1.869 1.616
Santander  2.642 2.674   2.085 2.097   1.049 1.074   148 -634  
UBS 2.738 2.873 2.993 2.196 2.312   1.286 1.205 1.155 2.127 2.830  
XP Investimentos 2.731 2.715   2.253 2.218   1.217 1.104   531 1.204  
Average 2.693 2.874 3.024 2.026 2.101 2.304 1.172 1.196 1.223 1.571 1.850 2.651
Highest 3.011 3.342 3.309 2.391 2.488 2.714 1.390 1.446 1.630 3.003 3.748 3.329
Lowest 2.236 2.627 2.922 1.407 1.516 1.708 946 990 937 -321 -634 1.616

Updated on May 24, 2019.