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(R$ million) Net Revenue EBITDA Net Income Date
2021e 2022e 2023e 2021e 2022e 2023e 2021e 2022e 2023e
Bank of America Merrill Lynch 39,82838,85844,73622,97921,64025,7608,1636,2699,270 Nov-21
Bradesco BBI 40,911 40,588 36,631 24,002 23,427 19,335 14,665 10,813 6,191 Jul-21
BTG Pactual 40,904 39,096 - 24,868 23,293 21,854 15,008 9,335 - Jun-21
Goldman Sachs40,49737,22235,99323,38219,05417,161Nov-21
HSBC 39,779 39,163 39,321 22,628 20,324 20,488 10,854 6,724 6,687 Oct-21
Itaú BBA 39,945 36,834 35,960 22,859 18,939 17,623 6,467 6,507 4,391 Nov-21
JP Morgan 38,305 35,901 35,901 22,488 19,611 19,013 5,646 4,162 4,162 Feb-21
Morgan Stanley 39,625 44,391 41,817 22,796 26,230 24,051 6,267 5,296 7,951 Nov-21
Santander 40,029 38,897 35,465 23,361 22,200 19,035 7,875 4,722 8,238 Nov-21
Scotiabank 40,082 38,276 38,371 24,453 23,086 22,859 13,370 10,159 9,959 Jul-21
UBS 38,867 35,683 33,149 21,957 17,212 14,352 7,975 4,487 931 Sep-21
Average 39,888 38,628 37,734 23,252 21,365 20,139 9,629 6,847 6,420
Minimum 38,305 35,683 33,149 21,957 17,212 14,352 5,646 4,162 931
Maximum 40,911 44,391 44,736 24,868 26,230 25,760 15,008 10,813 9,959

Source: Bloomberg and Brokers' Researches

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