Ibovespa Advances on Corporate News and Commodity Gains

2025-10-23 13:45 By Isabela Couto 1 min. read

The Ibovespa rose 0.7% to trade near 146,000 on Thursday, supported by strong corporate updates.

Banks advanced after JPMorgan said it expects a solid, though not exceptional, third quarter for the sector.

The bank noted that agribusiness loans remain a challenge, particularly for Banco do Brasil, while non-performing loans and risk costs may rise slightly but stay at healthy levels.

Loan growth has exceeded expectations so far in 2025, though a slowdown is likely in the third quarter.

JPMorgan favors Nubank, whose shares were steady, over Banco do Brasil and Santander, up 0.2% and 1.1%, respectively.

Bradesco gained 0.2%, as analysts expect profitability to keep recovering, while Itaú rose 0.6%, with a neutral outlook.

Higher oil and iron ore prices lifted Petrobras by 2.7% and Vale by 0.6%.

Casas Bahia jumped 14.3% after announcing a sales partnership with Mercado Livre.

Raízen climbed 5.3% on higher sugarcane output, and Assaí gained 2.2% after reporting strong cash generation.



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