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BTG Pactual reports record revenues and net income in 1Q24, resulting in 22.8% ROAE
SÃO PAULO, May 13, 2024 /PRNewswire/ -- BTG Pactual (BPAC11) once again reported record revenues in the first quarter of 2024, totaling R$ 5.9 billion, a 22.7% increase y-o-y. Adjusted net income also reached all-time-high of R$ 2.9 billion, a 27.7% increase when compared to 1Q23. Adjusted return on equity (ROAE) reached 22.8% in the first quarter.
"We have reported record revenues and net income in this first quarter, with robust net inflows despite a challenging macroeconomic environment, both domestically and internationally. The sustained growth of our client franchises and the diversification of our business model underscore our commitment to excellence in servicing our clients, investors and partners ," says Roberto Sallouti, CEO of BTG Pactual.
In the first quarter, BTG Pactual registered R$ 64 billion in Net New Money (NNM), with R$ 43.6 billion in Wealth Management and R$ 20,2 billion in Asset Management, including R$15.9 billion ...