Brazilian Stocks Advance on Strong Corporate Results

2026-02-11 13:51 By Isabela Couto 1 min. read

The Ibovespa rose about 1% to trade near 188,000 on Wednesday, as investors focused on a busy earnings session.

Suzano surged over 6% after reporting fourth-quarter results above expectations.

TIM Brasil jumped 7.5% as net profit reached nearly R$1.35 billion in the fourth quarter, up 27.9% year-on-year.

The company also agreed to acquire the remaining 51% stake in I-Systems from IHS Brasil for R$950 million, becoming sole shareholder.

Klabin gained more than 2% after posting fourth-quarter net profit of R$168 million.

After the close, Banco do Brasil, Assaí and TOTVS are set to report results.

In addition, Petrobras rose over 1% as oil prices climbed amid ongoing US-Iran tensions, while Vale advanced nearly 2% on higher iron ore prices.



News Stream
Ibovespa Slips Amid Mixed Earnings
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Ibovespa Surges to Historic High
The Ibovespa surged 2% to close at 189,699, its highest closing level on record and setting its 11th all time high of 2026, as a stronger than expected US payroll report and a broad based earnings rally fueled risk appetite. Suzano soared 13.3% after upbeat quarterly results, while Klabin climbed 6% and TIM advanced 7.9% on earnings that topped estimates. Vale jumped 3.5% on firm iron ore prices and optimism that shares could surpass R$100 this year, while Petrobras gained 3% as oil futures strengthened. Banks added to the advance, with Bradesco up 2.5%, Itaúsa 2.6% and Santander Brasil 0.6%, while Banco do Brasil edged 0.4% higher ahead of results.
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Brazilian Stocks Advance on Strong Corporate Results
The Ibovespa rose about 1% to trade near 188,000 on Wednesday, as investors focused on a busy earnings session. Suzano surged over 6% after reporting fourth-quarter results above expectations. TIM Brasil jumped 7.5% as net profit reached nearly R$1.35 billion in the fourth quarter, up 27.9% year-on-year. The company also agreed to acquire the remaining 51% stake in I-Systems from IHS Brasil for R$950 million, becoming sole shareholder. Klabin gained more than 2% after posting fourth-quarter net profit of R$168 million. After the close, Banco do Brasil, Assaí and TOTVS are set to report results. In addition, Petrobras rose over 1% as oil prices climbed amid ongoing US-Iran tensions, while Vale advanced nearly 2% on higher iron ore prices.
2026-02-11