BPAC11.SA - Banco BTG Pactual S.A.
| Previous Close | 28.50 |
| Open | 28.79 |
| Bid | 29.09 x 0 |
| Ask | 29.10 x 0 |
| Day's Range | 28.62 - 29.15 |
| 52 Week Range | 17.93 - 30.00 |
| Volume | |
| Avg. Volume | 12,269,336 |
| Market Cap | 98.054B |
| Beta (5Y Monthly) | 1.31 |
| PE Ratio (TTM) | 47.39 |
| EPS (TTM) | 0.61 |
| Earnings Date | Aug 08, 2023 |
| Forward Dividend & Yield | 0.80 (2.95%) |
| Ex-Dividend Date | Jan 05, 2023 |
| 1y Target Est | 29.10 |
ReutersFormer Goldman Sachs partner launches fund of up to $550 million in Portugal
Fortitude Capital, founded by former Goldman Sachs partner Antonio Esteves, Brazilian bank BTG Pactual and Portuguese asset manager Atrium, has launched its first fund with a target size of up to 500 million euros ($550 million). Esteves said on Tuesday that, though focused on investing in Portugal, the fund would not exclude opportunities abroad, and was targeting any sector through instruments such as equity, hybrid debt or senior debt. He said that, contrary to the majority of funds in Portugal, the first Fortitude fund would be mostly funded by private investors and its founders will be the fund's biggest investors.
- Reuters
Former Goldman Sachs partner launches fund of up to $550 mln in Portugal
Fortitude Capital, founded by former Goldman Sachs partner Antonio Esteves, Brazilian bank BTG Pactual and Portuguese asset manager Atrium, has launched its first fund with a target size of up to 500 million euros ($550 million). Esteves said on Tuesday that, though focused on investing in Portugal, the fund would not exclude opportunities abroad, and was targeting any sector through instruments such as equity, hybrid debt or senior debt. He said that, contrary to the majority of funds in Portugal, the first Fortitude fund would be mostly funded by private investors and its founders will be the fund's biggest investors.
- Reuters
UPDATE 1-BTG Pactual's net income up 10% in Q1 on higher revenues
Brazil's Banco BTG Pactual SA on Monday reported a first quarter adjusted net profit of 2.26 billion reais ($456 million), meeting market expectations as total revenues increased by double digits on a yearly basis. Analysts polled by Refinitiv had a median forecast for a net income of 2.22 billion reais. BTG Pactual, the largest investment bank in Latin America, celebrated "record revenues in most business lines" despite what it called a challenging credit and capital markets environment.
CoinDeskBrazilian Investment Bank BTG Pactual Unveils Dollar-Backed Stablecoin
BTG Pactual, one of Latin America's largest investment banks, has introduced a dollar-backed stablecoin through its crypto platform Mynt.
ReutersBrazil's BTG Pactual launches own dollar-backed stablecoin
Brazil's BTG Pactual said on Tuesday it will launch a stablecoin priced in U.S. dollars at a parity of one to one, as it seeks to position itself in the digital assets market. The stablecoin, called BTG Dol, will be available on Mynt, the bank's crypto-asset platform, and through BTG Pactual's own investment system. A stablecoin is a type of cryptocurrency that is pegged to a stable asset as a way to reduce volatility.
ReutersAnalysis: Decree adds to doubts about Mexican lithium industry's future
The Mexican government's latest move to tighten control over its potentially lucrative lithium reserves fails to resolve the puzzle of how it can lure needed private industry expertise while keeping most profits for state coffers. Last Saturday, President Andres Manuel Lopez Obrador signed his latest presidential decree on lithium, establishing a more than 900-square-mile (235,000 hectare) lithium mining zone in northern Sonora state, stating that existing concessions within it "remain safe." But the order also declared "no mining activity can be carried out related to lithium" within this area.
ReutersBTG Pactual joins Brazilian lenders hit by post-Americanas provisions
Banco BTG Pactual SA on Monday became the latest Brazilian lender to be affected by bad credit provisions due to what it called a "specific, widely publicized event," likely referring to the bankruptcy of Americanas SA. BTG, which was among the most exposed lenders to the Brazilian retailer's debt, echoed measures taken by some of Latin America's largest banks and set aside billions of reais in the fourth quarter, leading to a lower-than-expected net profit. Shares in the lender rose more than 3% after the report, placing it among the top gainers on Brazil's Bovespa benchmark stock index, as it pledged to improve results this year and the provisions were somewhat expected.
- Reuters
UPDATE 3-BTG Pactual joins Brazilian lenders hit by post-Americanas provisions
Banco BTG Pactual SA on Monday became the latest Brazilian lender to be affected by bad credit provisions due to what it called a "specific, widely publicized event," likely referring to the bankruptcy of Americanas SA. BTG, which was among the most exposed lenders to the Brazilian retailer's debt, echoed measures taken by some of Latin America's largest banks and set aside billions of reais in the fourth quarter, leading to a lower-than-expected net profit. Shares in the lender rose more than 3% after the report, placing it among the top gainers on Brazil's Bovespa benchmark stock index, as it pledged to improve results this year and the provisions were somewhat expected.
ReutersLarge Brazilian banks may set aside around $890 million for Americanas losses in Q4
Brazilian banks may start setting aside provisions for losses with retailer Americanas already in the fourth quarter of 2022, analysts say. Banks such as BTG Pactual, Bradesco,Santander Brasil, Itaú Unibanco Holding and Banco do Brasil have around 15 billion reais in loans with Americanas, according to analyst reports. Analysts estimate the banks may provision around 30% of their loans in the fourth quarter, which would be equivalent to 4.5 billion reais ($890 million), even with bankruptcy protection taking place in January, as a precautionary measure allowed by the Brazilian central bank.
ReutersBrazil's BTG gets court decision reversing part of Americanas' protection from creditors
Brazilian bank BTG Pactual obtained a court decision on Wednesday overturning part of Americanas SA's protection from creditors, according to court documents seen by Reuters, in a move the retailer says "harms its viability". The decision of appeal judge Flavio Horta Fernandes reversed a previous order that BTG Pactual return money it received from the company's accounts with the bank to pay for a credit line. BTG confirmed the decision in a securities filing, but did not give details.
- Reuters
Brazil's BTG Pactual has initiated arbitration against retailer Americanas -source
Brazilian bank Banco BTG Pactual SA has initiated an arbitration in Sao Paulo against retailer Americanas SA for breaching its credit contract, one source with knowledge of the matter said on Tuesday. The arbitration, at the Brasil-Canada Chamber of Commerce, alleges the payment of credit with investments held by the retailer at the bank was included in the loan contract. The bank also intends to file new appeals against the injunction protecting Americanas from creditors, the source added.
ReutersBTG, Bradesco among most exposed to Brazilian retailer Americanas
Brazilian lenders BTG Pactual, Bradesco and Santander Brasil are among those most exposed to debt of Americanas SA, analysts' estimates showed on Monday, after the retailer obtained an injunction protecting it from creditors. Analysts at JPMorgan and Citi said in research notes that Banco Bradesco SA had the largest nominal exposure to the firm, while Banco BTG Pactual SA topped exposure as a proportion of loans.
BloombergAmericanas Crash Deepens as BTG Cites Fraud in Legal Battle
(Bloomberg) -- Americanas SA shares sank further after the Brazilian retailer, whose main backers include billionaire Jorge Paulo Lemann, obtained a decision that paves the way for a potential bankruptcy filing, sparking a legal reaction from creditors that accuse the company of fraud.Most Read from BloombergNew Zealand Prime Minister Ardern Announces Shock ResignationMore Young Americans Are Dying, But Not From VaccinesCrypto Firm Genesis Is Preparing to File for BankruptcyUsain Bolt Lost $12 M
- Reuters
UPDATE 1-Brazil's BTG Pactual posts net profit up 25.5% to quarterly record
Brazil's Banco BTG Pactual SA on Tuesday reported a record net profit for the third quarter in a row despite what it said was a "pretty volatile year," driven by interest gains and rising revenues from its main units including sales and trading. Latin America's largest investment bank reported a third quarter net profit of 2.19 billion reais ($424.69 million), up 25.5% from a year ago and roughly in line with estimates of 2.22 billion reais from analysts polled by Refinitiv. Total revenue reached a quarterly record at 4.8 billion reais, up 24% on a yearly basis, with BTG's return on average equity (ROAE) - a gauge of profitability - hitting 22%.
- Reuters
Peru Marxist party wins mayoral races near MMG's troubled Las Bambas copper mine
Peruvian Marxist party Peru Libre has won mayoral elections in five districts next to MMG Ltd's massive Las Bambas copper mine, with one new mayor-elect telling Reuters he hopes to serve as "mediator" to end social conflicts. Luis Ivan Cruz was elected in a Sunday vote, becoming the new mayor-elect of Challhuahuacho, the town closest to Las Bambas, the world's No. 2 copper producer. Cruz belongs to the same party that helped elect Peruvian President Pedro Castillo last year.
- Reuters
Brazil ready for more agriculture sector IPOs, seed company chief says
The Brazilian market is ready to welcome more agribusiness companies on the stock market, a sector underrepresented on the local bourse based on the size of the industry relative to Brazil's GDP, Marino Colpo, chief executive of listed seeds producer Boa Safra, said on Thursday. "I'm a big believer in the next (IPO) window," said Colpo, who leads one of the last agriculture sector companies to go public. During a panel discussion hosted by an investment bank, Colpo said there remains a great distance between investors and the countryside of Brazil, the biggest producer of staples like soybeans, coffee and sugar.
- Reuters
UPDATE 1-Brazil soccer clubs poised for gold rush to reduce gap to Europe's elite
A new law allowing soccer clubs in Brazil to seek outside investment is attracting hundreds of millions of dollars to a country renowned as football's biggest source of talent, a change that could see Brazilian teams rival Europe's top tier. The surge of fresh, mostly foreign, cash coincides with an agreement last May by Brazil's largest clubs to create a league modeled on Britain's Premier League that will centralize talks to sell transmission rights and marketing contracts. Together, the recent developments have spawned a funding bonanza for the Brazilian teams, which have long been fan-owned operations closed to outside investors.
ReutersBrazil soccer clubs poised for gold rush to reduce gap to Europe's elite
SAO PAULO (Reuters) -A new law allowing soccer clubs in Brazil to seek outside investment is attracting hundreds of millions of dollars to a country renowned as football's biggest source of talent, a change that could see Brazilian teams rival Europe's top tier. The surge of fresh, mostly foreign, cash coincides with an agreement last May by Brazil's largest clubs to create a league modeled on Britain's Premier League that will centralize talks to sell transmission rights and marketing contracts. Together, the recent developments have spawned a funding bonanza for the Brazilian teams, which have long been fan-owned operations closed to outside investors.
- Reuters
CORRECTED-Brazil soccer clubs poised for gold rush to reduce gap to Europe's elite
A new law allowing soccer clubs in Brazil to seek outside investment is attracting hundreds of millions of dollars to a country renowned as football's biggest source of talent, a change that could see Brazilian teams rival Europe's top tier. The surge of fresh, mostly foreign, cash coincides with an agreement last May by Brazil's largest clubs to create a league modeled on Britain's Premier League that will centralize talks to sell transmission rights and marketing contracts. Together, the recent developments have spawned a funding bonanza for the Brazilian teams, which have long been fan-owned operations closed to outside investors.
ReutersBrazil's WEG net profit falls, supply chain hurdles weigh on margins
SAO PAULO (Reuters) -Brazilian motor maker WEG SA on Wednesday reported a drop in quarterly net income and said operating margins remained under pressure from supply chain issues, sending its shares down. WEG's net income fell 19.5% to 912.96 million reais ($168.64 million) in the second quarter, while operating margins missed 2021 levels amid rising raw material costs. The company's shares were down 3.5% at 26.03 reais in morning trading, making it one of the biggest fallers on Brazil's Bovespa stock index, which fell 0.9%.