Itaú releases 3Q26 balance sheet with expected profit of R$12.7 billion and focus on credit
The Bloomberg Consensus cited by Money Times points to a profit of R$12.714 billion and a ROAE of 23.8% for the bank, which releases the results after the close of business on Tuesday (3/11).
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM MONEY TIMES · 3 MIN
Itaú (ITUB4) releases the results for the third quarter of 2026 on Tuesday (3/11), after the market closes. According to Money Times, the question the balance sheet needs to answer is why the bank has become the darling among the country's large banks. The answer, this quarter, depends less on headlines and more on the profitability and quality of the credit portfolio.
The week also brings together Copom and the Focus bulletin, which tends to divide the attention of those who follow interest rates and the stock market, according to Seu Dinheiro. This same publication calls Itaú the largest private bank in Latin America, which gives weight to the result beyond the action itself.
The Bloomberg consensus cited by Money Times projects net profit of R$12.714 billion for the period, an increase of around 7% in the annual comparison. The ROAE projection, an indicator of return on equity, is 23.8%, an increase of 0.5 percentage points compared to a year before. Your Money brings the same numbers, which gives the market a common reference to compare with what is released.
The table of competitors makes reading more delicate. According to Money Times, Santander Brasil (SANB11) and Bradesco (BBDC4) face a quarter of pressure on both profitability and credit quality. Your Money describes a similar movement among large banks, which balance portfolio growth with rising default rates.
In this scenario, what is at stake goes beyond profit. An Itaú that comes close to consensus and maintains profitability at a high level would reinforce the view that the bank has room to overcome an environment of higher default rates. A result below expectations, or a visible worsening in credit quality, would be read as a sign that the pressure is also reaching the sector leader.
What changes for the investor
The results of such a large bank are usually read as a thermometer for the financial sector, and the reaction tends to appear in the session following the release. For those who follow the stock market, the points to observe are the profit compared to the consensus of R$ 12.714 billion, the ROAE compared to the projected 23.8% and the behavior of default, which the large banks are already showing on the rise. With Copom and Focus in the same week, interest rates and balance sheets should compete for the market's attention. This article does not provide a purchase or sale recommendation or price projection.
Automatically translated from Portuguese.
