BTG Pactual posts record Q2 2026 profit, ROAE jumps to 26.7%

Brazilian investment bank BTG Pactual on Friday reported record net profit for the second quarter of 2026, driving its return on average equity (ROAE) to 26.7%, according to slides published by the firm.

The company’s Q2 2026 results, disclosed via an investor presentation, showed net income exceeding prior peaks, supported by broad-based revenue growth across advisory, asset management and trading operations. Cost discipline contributed to the improved profitability, with expenses rising at a slower pace than revenue.

BTG Pactual did not provide detailed financial figures in the slides, nor did it immediately respond to requests for comment. The presentation highlighted continued strength in deal flow, particularly in mergers and acquisitions, and resilient performance in its wealth management franchise.

The ROAE of 26.7% represents a significant increase from the prior quarter and aligns with the bank’s long-term target range. Analysts had expected a high-single-digit ROAE improvement, though the magnitude exceeded most estimates.

The results underscore BTG Pactual’s position as one of Latin America’s most profitable financial institutions, leveraging its deep market expertise and client franchise in Brazil and beyond.