In brief
BTGBTG PactualOrganizationLatin America's largest investment bank, listed on B3 as BPAC11, with asset management, credit, distressed asset recovery via Enforce and control of media outlets such as Exame and Money Times.Open in the Market Map ↗ Pactual earned R$ 5.3 billion in 3Q26, up 17%.
Adjusted ROAE stood at 26.4%.
What we know
04Verified fact · material
BTGBTG PactualOrganizationLatin America's largest investment bank, listed on B3 as BPAC11, with asset management, credit, distressed asset recovery via Enforce and control of media outlets such as Exame and Money Times.Open in the Market Map ↗ Pactual posted adjusted net income of R$ 5.3 billion in 3Q26, up 17% year on year.
Profit growth.
Verified fact
Total revenue was R$ 10.81 billion, up about 14%, according to InfoMoney.
Shows the revenue base.
Sources[01]Verified fact
Exame, a BTGBTG PactualOrganizationLatin America's largest investment bank, listed on B3 as BPAC11, with asset management, credit, distressed asset recovery via Enforce and control of media outlets such as Exame and Money Times.Open in the Market Map ↗ group outlet, reports approval of a buyback of up to R$ 2 billion in units.
Shareholder return, not confirmed by another newsroom.
Sources[02]
Transmission to assets
Market read-through
Higher profit with lower profitability points to capital-backed growth.
Portfolio impact
01Profit above a year earlier.
Moderate positive effect.
What would change the view: Consensus reading.
Direction is an explanatory hypothesis, not a forecast or recommendation.
Next signals
What to watch
- Net inflows
- Buyback
Limits of the reporting
What remains uncertain
- Exame belongs to the bank's group.