| Institution | Target Price | Recommendation |
|---|---|---|
| Bradesco BBI | BRL28 | Hold |
| Ativa Investimentos | BRL27 | Hold |
| Morgan Stanley | BRL29 | Buy |
| Eleven Financial | BRL31 | Hold |
| JP Morgan | BRL25 | Hold |
| Banco do Brasil | BRL29 | Buy |
| Bank of America - ML | BRL25 | Sell |
| HSBC | BRL28 | Hold |
| Santander | BRL24 | Sell |
| Inter | BRL27 | Hold |
| Itaú BBA | BRL28 | Buy |
| Safra | BRL25 | Hold |
| BTG Pactual | BRL25 | Hold |
| XP Investimentos | BRL25 | Hold |
| Goldman Sachs | BRL24 | Sell |
| Genial Investimentos | BRL22 | Hold |
| Average | BRL26 |
| Highest | BRL31 |
| Lowest | BRL22 |
Regulatory Results
| Institution (BRLmillion) |
Net Revenue | EBITDA | Net Income | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 2021e | 2022e | 2023e | 2021e | 2022e | 2023e | 2021e | 2022e | 2023e | |
| Banco do Brasil | 3,203 | 3,160 | 3,101 | 2,624 | 2,535 | 2,443 | 1,602 | 1,501 | 1,427 |
| Bradesco BBI | 3,324 | 3,514 | 2,775 | 2,943 | 1,622 | 1,928 | |||
| Brasil Plural | 3,602 | 3,757 | 3,113 | 3,308 | 1,499 | 1,608 | |||
| BTG Pactual | 3,086 | 3,315 | 3,774 | 1,953 | 2,186 | 2,562 | 983 | 1,494 | 1,847 |
| Citi | 2,694 | 2,838 | 2,096 | 2,211 | 867 | 881 | |||
| Eleven Financial | 3,230 | 3,430 | 2,670 | 2,870 | 1,459 | 1,620 | |||
| Goldman Sachs | 3,124 | 2,893 | 3,394 | 2,527 | 2,272 | 2,742 | 1,369 | 1,417 | 1,819 |
| HSBC | 3,990 | 4,076 | 3,353 | 3,414 | 1,782 | 1,764 | |||
| Inter | 2,918 | 2,358 | 965 | ||||||
| Itaú BBA | 3,142 | 3,381 | 2,619 | 2,816 | 1,290 | 1,459 | |||
| JP Morgan | 4,010 | 4,363 | 4,119 | 3,410 | 3,721 | 3,432 | 2,106 | 2,227 | 1,988 |
| BofA Merrill Lynch | 3,728 | 4,091 | 4,039 | 3,112 | 3,369 | 3,371 | 1,611 | 1,964 | 2,041 |
| Morgan Stanley | 3,466 | 3,229 | 3,813 | 2,891 | 2,644 | 3,161 | 1,438 | 1,340 | 1,660 |
| Safra | 3,229 | 3,114 | 3,654 | 2,621 | 2,547 | 3,043 | 1,172 | 1,137 | 1,463 |
| Santander | 1,624 | 1,764 | 2,846 | 3,015 | 1,624 | 1,764 | |||
| XP Investimentos | 2,817 | 2,252 | 1,179 | ||||||
| Average | 3,227 | 3,409 | 3,733 | 2,729 | 2,905 | 3,000 | 1,441 | 1,621 | 1,774 |
| Highest | 4,010 | 4,363 | 4,119 | 3,410 | 3,721 | 3,432 | 2,106 | 2,227 | 2,041 |
| Lowest | 1,624 | 1,764 | 3,101 | 1,953 | 2,186 | 2,443 | 867 | 881 | 1,427 |
Updated on May 4, 2022.