Brazil Q3 Earnings: BTG Pactual Posts Record Profit as B3 Grows and Oi Pushes Back Results

Overview

• BTG Pactual reported adjusted net income of R$4.539 billion with record revenue of R$8.818 billion in the third quarter and a 28.1% return on average equity.
• B3 posted net profit of about R$1.2 billion and revenue of R$2.8 billion, noting softer equity volumes, stronger fixed‑income activity, and newly announced stakes in Shipay and CRDC.
• Banco Pan delivered adjusted profit of R$209 million and grew its loan book to R$61.5 billion after BTG announced plans last month to incorporate the bank.
• Riachuelo filed with CADE a potential sale of 100% of the companies tied to Natal’s Midway Mall, and Braskem signed a R$1.2 billion agreement with Alagoas related to geological damages.
• Oi asked a Rio business court to allow temporary operation if it reaches insolvency and indefinitely postponed its third‑quarter results citing impacts noted in its November 10 filing.