Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
Please consider a small donation if you think this website provides you with relevant information
| Statement |
|---|
| This is a scalable business naturally to dilute the cost in this activity and we've been working strongly to digitize the journey so that regardless of the scale, we can operate more competitively |
| It was a great quarter for clients NII, up 3.3%, or R$ 700 million in the fourth quarter of ‘23 |
| And I think we are in a key position, very advanced when compared to the market, to deliver a unique value proposition to our clients |
| We expect a good growth |
| And it shows growth above the average, and it shows the cost of credit nominally dropping, which has a net financial margin that is improving all throughout the year |
| Commissions in fees and results from insurance operations posted strong growth of 4.6%, reaching R$ 13.5 billion for the quarter |
| All this with sound credit quality indicators |
| Trust as a client, investor, and we will work strongly every day to surprise you and continue to deliver the best bank possible for all of our stakeholders |
| Hedge had a very strong recovery in the P&L the way we see and the way we measure, okay |
| So I think we had a very strong year, 2023 |
| On the acquiring side, I think we've been very successful in the hedges integration and we are getting benefits of doing that |
| Can you give us a breakdown? What are the lines that you expect higher cost? Because when you look, when you see, well, the macroeconomic scenario is positive, the bank has a great capital and the growth nonetheless seems timid |
| We are very positive that this can happen, and we are very open to that |
| We posted sound growth in the segments on which we focus |
| So we believe that 2024 we're going to have a great year for volumes |
| Where I think that we are going to have to follow up is the portfolio of the margin and the cost of credit depending on the events that I commented and we're going to update you all throughout the next quarters and I am hopeful that you're right, we will work to deliver an ROE better than 20% |
| This shows that our portfolio is good quality with sound credit indicators |
| This performance shows another good development and trend for the portfolio |
| And this shows that our investment strategy and the review of the offerings and platforms are very well successful |
| Another piece of positive news was the expansion of the consolidated NIM from 8.9% in the third quarter to 9% in the fourth quarter |
| The volumes are strong |
| Because of credit, we've been very successful all throughout the cycle |
| I believe these are very positive messages for the financial margin with clients |
| So this is a symbolically very relevant year for us where we hope to deliver strong results and be prepared for the next 100 years |
| This shows that we've been delivering good risk management as shown by our solid financial margin with the market performances, despite the scenario of adversities and difficulties throughout the year |
| The positive news is that in investments, this was our best year with the relationship with the platform |
| We discuss this every second, and we hope to deliver in ’24, a solid year with indicators of engagement and principality and client centricity and relationship that is very solid |
| Very strong |
| We continue to be positive; we expected the NPL creation will tend to have, well, stability really looking up ahead |
| We have a natural rebalancing of profitability, which is healthy for the portfolio as a whole, so we are very positive with that expansion that is happening |
| Statement |
|---|
| As I say, that was your doubt and we were not satisfied with it |
| Yes, we have a concern here, as Milton has mentioned, of looking at an efficiency program that generates effects on the long term, and these are consistent results |
| In the fourth quarter, we also recorded one-off investments, such as the remodeling of Itaú’s brand which put a little more pressure on this line in 2023 |
| So we have to be careful There's a metadata if the client has the degree of financial education as difficulties receives a lot of offering and they have problems |
| We had a difficult cycle |
| There are challenges ahead |
| Another piece of news worth sharing with you is that we had a nominal reduction of R$ 1.9 billion in the renegotiated portfolio, a drop of 4.6% quarter-over-quarter |
| Once again, we close this year that started with important difficulties, January 8th, 11th, January 11th, then there is the event of the other corporate that went through other issues |
| What does the guidance have? It has a level of uncertainty because we have the portfolio of wholesale that is very relevant in Brazil and Latin America |
| Some portfolios suffer more |
| The consolidated NPL over 90 days posted a drop of 20 basis points |
| Well, time is suffering |
| There was a loss there and then there was a reframing in the market and we're reducing it relevantly that delays delinquency in this portfolio |
| It's very difficult |
| Those two portfolios naturally, they suffer more |
| We do not see and we think that this is a euphoria business because the big growth comes from euphoria, the big losses as well |
| We know that in Brazil, recovery of asset in assurance is a big challenge, will always be, and is very strong, and it's a big challenge |
| There are issues of the market structural changes |
| We made new mistakes and we learned with the mistakes of the past |
| The challenge is always isolated the cost of capital for some specific business and we're working to improve them relevantly |
Please consider a small donation if you think this website provides you with relevant information