Established in 1983, São Paulo-based BTG Pactual has grown to be a dominant force in the investment banking landscape of Latin America.
With a strong presence in Brazil and innovative financial solutions, the bank has continuously evolved to cater to institutional and individual clients.
It has been recognized for its asset management, wealth management, and sales & trading capabilities.
Today, BTG Pactual overtook Bradesco in market value, positioning itself as the second-largest bank on the stock exchange, trailing only Itaú Unibanco.
According to data from the Trademap consultancy, as of the close on the 7th, BTG Pactual achieved a market value of R$155.52 (US$31) billion, surpassing Bradesco, which stood at R$155.47 billion.
This significant development marks the first occasion in history where BTG has outperformed Bradesco.
In the rankings, Itaú Unibanco retains its top spot with a market capitalization of R$254.46 billion, Banco do Brasil is in fourth at R$135.04 billion, and Santander Brasil rounds off the top five with R$103.45 billion.
On the international scene, Nubank, listed in New York, boasts a market valuation of US$36.8 billion.
After conversion at the current exchange rate amounts to roughly R$ 180.7 billion, potentially placing it ahead of BTG in overall rankings.
While Bradesco has grappled with challenges in recent quarters, especially amidst rising defaults and treasury challenges, BTG Pactual has managed to thrive.
Even in a challenging capital market environment, the bank has recorded impressive results, expanding its service portfolio and capturing a larger market share.
BTG is set to announce its financial results on the morning of the 9th.