Axia (Ex-Eletrobras) Posts $521M Q1 Profit on Free-Market Surge
NI R$2.631B ($521M), reversing -R$354M. Adj NI R$3.707B ($734M). Regulatory adj NI R$3.213B — nearly 8x the R$409M of Q1...
May 7, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
Brazil’s Financial Morning Call for Thursday, May 7, 2026
Brent Crashed 8% to $101 on Iran Deal Hopes, the S&P Closed Above 7,300 for the First Time, and the...
May 7, 2026
Bradesco Q1 Profit Beats at R$6.8B as Turnaround Hits Ninth Straight Quarter of Growth
Bradesco (B3: BBDC4, NYSE: BBD) reported Q1 2026 recurring net income of R$6.81 billion ($1.35B) on Wednesday May 6, up...
May 7, 2026
Itaú Posts $2.4B Q1 Profit With 26% Brazil Return on Equity
Itaú Q1 profit hit R$12.282 billion ($2.43B), up 10.4% YoY, beating Bloomberg consensus of R$12.191B but trailing LSEG's R$12.5B estimate,...
May 6, 2026
Ambev Stock Surges 15.3% After Brazil Beer Volumes Beat All Forecasts
Ambev stock surge of 15.3% marked its biggest single-day jump since 1999, after Q1 Brazil beer volumes beat all eight...
May 6, 2026
Brazil Mining Lobby Pushes to Strip Veto Power From Minerals Council
The Brazil critical minerals bill heads for a vote with the AMC pushing to remove the new council's veto over...
May 6, 2026
Brazil Central Bank Turns Hawkish; Lifts 2026 Inflation View to 4.6%
Brazil's central bank cut Selic to 14.50% but warned Iran-US conflict and $114 Brent could pause easing. 2026 inflation forecast...
May 6, 2026
Brazil’s Financial Morning Call for Wednesday, May 6, 2026
Brazil's morning call covers the dovish Copom ata, BRL's plunge below R$4.91, S&P 500 and Nasdaq records, Brent's 4% drop,...
May 6, 2026
JPMorgan Bets on Brazil as Global Payments Innovation Hub After $5.1B Q1 Quarter
JPMorgan Payments Brazil is now a global innovation hub. Q1 2026 hit a record $5.1B, up 12% YoY, with Pix-native...
May 5, 2026