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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 39,43439,72841,19823,54123,45223,58012,2257,9678,520 Aug-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
Credit Suisse 40,704 36,179 38,433 23,798 19,679 21,693 15,542 6,865 8,394 Sep-21
Goldman Sachs- - - 22,72717,57616,777- - - Sep-21 
HSBC 40,064 36,446 35,227 22,829 18,930 17,337 15,649 7,561 5,179 Sep-21
Itaú BBA 39,771 36,395 36,997 22,294 19,025 19,069 11,229 4,595 5,362 Sep-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 41,277 45,604 38,694 24,682 27,856 21,572 9,089 9,306 6,678 Aug-21
Santander 40,884 39,227 34,898 25,018 23,139 18,947 7,893 5,259 6,808 Jun-21
Scotiabank 40,082 38,276 38,371 24,453 23,086 22,859 13,370 10,159 9,959 Jul-21
UBS 41,629 35,966 33,391 24,736 18,794 16,017 6,823 5,251 2,761 Apr-21
Average 40,360 38,491 33,613 23,786 21,489 19,838 11,558 7,388 5,819
Minimum 38,305 35,901 33,391 22,294 17,576 16,017 5,646 4,162 2,761
Maximum 41,629 45,604 41,198 25,018 27,856 23,580 15,649 10,813 9,959

Source: Bloomberg and Brokers' Researches

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