BofA projects different directions for Itaú and Bradesco towards 2027

The strength of corporate balance sheets will represent the biggest gap between the country's main banking entities in 2027, as shown in a new report from Bank of America released by InfoMoney. The analysis assesses the positioning of financial institutions in the face of a challenging scenario for credit and monetary policy.

According to InfoMoney, BofA classifies Itaú Unibanco as an isolated leader to face high interest rates and possible credit deterioration. The robustness of Itaú's balance sheet is illustrated by its tangible capital, which accounts for around 61% of its assets, according to the data provided.

At different levels in the same BofA analysis, Banco do Brasil has tangible capital of approximately 48% of equity. Just below the same published metric, Bradesco records around 34% of tangible capital in relation to its net worth.

Also according to information published by InfoMoney, Bradesco figures in the foreign bank's assessment as a traditional "value bet" in the Brazilian stock market. The distinction between institutions reinforces the importance of prudence in the allocation of capital by companies in the sector.

What changes for the investor

For the Bolsa Brasil operator, the differentiation in banks' equity quality brings new elements to price formation and portfolio risk analysis. The ability to absorb credit and interest shocks, evidenced by tangible capital indices, tends to direct the institutional flow of resources based on the efficiency and prudential security of each institution.

Automatically translated from Portuguese.