Banco do Brasil lucro cai 60% e ativa alertas técnicos com queda de 2,85%

Banco do Brasil reported adjusted net profit of R$ 3.785 billion in the third quarter of 2025, essentially flat compared to the previous three months but down sharply from a year earlier. The decline was severe—60 percent—marking one of the steepest drops among Brazil's major banks. Accounting profit fell even more dramatically, sliding 66 percent to R$ 3.02 billion. Return on equity, a key measure of how efficiently the bank deploys shareholder capital, collapsed from 21.1 percent to 8.4 percent, a sign of mounting operational strain across the institution.

Yet the bank continued to expand its lending business. The credit portfolio grew 7.5 percent, reaching R$ 1.27 trillion, with advances of 10.4 percent in both consumer and corporate lending. This expansion, however, came with a troubling cost. Delinquencies beyond 90 days climbed to 4.2 percent, signaling that the quality of those loans was deteriorating. Gross financial margin—the spread the bank earns on lending—edged up 1.9 percent to R$ 26.36 billion, a modest bright spot in an otherwise difficult quarter.

The market's reaction was swift and unforgiving. The stock fell 2.85 percent in its most recent trading session, closing at R$ 22.80, interrupting a modest recovery that had been building over recent weeks. The decline triggered technical alarms. The share had been climbing from an annual low of R$ 18.12, a level that had attracted strong buying interest and pushed the stock past several important resistance points. But when it reached the 200-day moving average at R$ 23.62, it encountered a wall. The failure to break through that barrier decisively signaled weakness and suggested the upward momentum had stalled.

For investors watching the technical picture, the sharp one-day drop was a warning sign. Even though the stock still traded above its 9-day and 21-day moving averages—levels that normally suggest upward momentum—the sudden reversal suggested broader profit-taking was underway, particularly in reaction to the disappointing earnings report. To resume its climb, the stock would need to recapture momentum and decisively break above that 200-day average. If it succeeded, the next resistance levels lay at R$ 24.66, R$ 25.60, R$ 26.62, and R$ 28.58, opening technical room for a more sustained recovery.

But if selling pressure intensified, the support levels that mattered most in the near term were R$ 22.58, R$ 21.35, R$ 20.00, and R$ 19.00, with the annual low of R$ 18.12 serving as a final backstop. The daily relative strength index stood at 63.00, a neutral zone that left room for sharp moves in either direction. Over a longer timeframe, the picture was similarly mixed. The stock was trading above its weekly moving averages, which normally suggests a recovery is taking hold. But the recent sharp decline had reawakened concerns about additional corrections ahead, particularly given that the earnings report was likely to keep volatility elevated and could push the stock back down to test lower levels. To confirm that a genuine recovery was underway, the stock needed to hold above those weekly averages and break through resistance at R$ 22.92, R$ 23.59, R$ 26.33, and ultimately the all-time high of R$ 29.57. If selling pressure won out instead, the key weekly support levels were R$ 21.81, the 200-day moving average at R$ 20.53, and R$ 20.00, with the possibility of a deeper slide back to R$ 18.12 and beyond to R$ 17.35 and R$ 15.30.

The bank's earnings disappointment and the technical weakness that followed have left investors in a precarious position. The state-controlled lender is caught between the need to grow its loan book and the reality that credit quality is slipping. The stock, meanwhile, sits at a crossroads: either it finds buyers willing to push it higher, or it retreats toward levels not seen since earlier in the year.