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(R$ million) Net Revenue EBITDA Net Income Date
2022e 2023e 2024e 2022e 2023e 2024e 2022e 2023e 2024e
Bank of America Merrill Lynch 45,09139,70045,00825,36620,01425,21616,7167,86611,159 May-22
Bradesco BBI 47,393
45,799 42,579 26,818
23,402 19,111 17,002
9,598 5,112 Jun-22
BTG Pactual 43,579 40,093 38,148 25,228 22,665 20,907 19,108 10,651 10,585 Mar-22
Goldman Sachs43,582
34,752
35,54724,298
15,404
15,45220,9504,1462,702Jun-22
HSBC 45,626 39,126 36,991 25,950 20,382 17,761 18,445 7,8984,142Jun-22
Itaú BBA 42,742
39,026
40,76723,563
19,675
19,627 13,441
3,477
6,492 May-22
JP Morgan 39,22336,411 37,311 20,65517,403 17,699 7,449 4,049 2,642 Jan-22
Morgan Stanley 48,218
40,841
41,33026,742
20,486
22,2907,352 5,9317,096May-22
Santander 42,853
35,985
35,783 23,472 18,247
17,268 8,171 5,2625,358 Mar-22
Scotiabank 41,789
41,781
44,815 23,390
22,499
24,476 9,837
12,398 10,695 Jan-22
UBS 35,683
33,149
- 17,21214,352
- 4,487
931- Sep-21
Average 43,25338,788 39,828 23,881 19,503 19,98112,996 6,5646,598
Minimum 35,683 33,149 35,547 17,212 14,352 15,452 4,487 9312,642
Maximum 48,218 45,799 45,008 26,818 23,402 25,216 20,950 12,398 11,159

Source: Bloomberg and Brokers' Researches

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