Global markets showed mixed movements on Wednesday. Brent crude oil rose 2.87% to $114.4 a barrel, serving as a reference for Petrobras. Gold for February 2026 delivery fell 0.63% to $4,579 per troy ounce. In daytime trading, iron ore futures on the Dalian exchange in China closed up 0.90% at 787.5 yuan ($115.17), a move that can affect shares of Brazilian miners Vale and CSN Mineração. Futures prices may still fluctuate.
On Wall Street, Dow Jones futures were up 0.09% and S&P 500 futures rose 0.12% as of 7:52 a.m. Nasdaq futures gained 0.40%.
Company Earnings and Corporate Actions
Santander Brasil (SANB11) reported on Wednesday that its recurring net income for the first quarter of 2026 was 3.79 billion reais, a decline of 1.9% from the same period a year earlier. Compared with the fourth quarter of 2025, net income fell 7.3%. Return on average equity (ROAE) stood at 16% in the first quarter, down 1.5 percentage points from the first quarter of 2025 and 1.6 points from the prior quarter. The bank’s total loan portfolio contracted 0.4% to 705.5 billion reais. Total revenues rose 0.8% from the previous quarter and 0.9% year over year. Net interest income increased 3.1% from the fourth quarter but fell 0.7% from a year earlier. The quarterly improvement was driven mainly by market-related margins, benefiting from lower interest rates, fewer business days, and better treasury results. The annual decline reflected higher interest rates and lower treasury results. Customer margin fell 1.4% from the previous quarter but rose 4.8% from a year earlier, helped by volume, mix and pricing discipline. Loan loss provisions totaled 6.344 billion reais, up 3.9% from the previous quarter and down 0.7% from a year ago. The bank said provisions remain pressured by the macroeconomic environment and high household debt; the annual drop reflected active risk management and portfolio mix effects.
Sabesp (SBSP3) shareholders approved a 1-for-5 stock split at an extraordinary general meeting on Tuesday. Each existing common share will be split into five shares, with no change to the company’s capital. Shares will trade ex-split from Wednesday, April 29, based on the shareholder position as of April 28, 2026. The new shares will be credited to shareholders on April 30, 2026, and appear in positions at market open on May 4, 2026. After the split, Sabesp’s capital will consist of 3,524,534,025 common shares, all registered, book-entry, with no par value, and one special class preferred share held exclusively by the state of São Paulo.
Vale reported its first-quarter results on Tuesday evening. Net income reached $1.9 billion in the first quarter of 2026, up 36% from the first quarter of 2025. Proforma EBITDA totaled $3.9 billion, a 21% year-over-year increase, helped by higher volumes and sales prices. Adjusted EBITDA rose 23% to $3.8 billion. Net revenue increased 14% to $9.3 billion. According to XP analysts, results were slightly below expectations, with costs impacted by negative factors that pushed EBITDA below their estimates and consensus. However, XP noted that iron ore, copper and nickel prices remain elevated, iron ore volume strategy supports resilient premiums, and base metals operations continue to improve. Genial Investimentos said proforma EBITDA of $3.9 billion missed its projections and consensus, as higher costs in iron ore fines—mainly distribution expenses and third-party purchases—combined with a seasonal drop in shipments more than offset a strong contribution from Vale Base Metals. Net income also came in below Genial’s forecast due to weaker financial results.
Hypera (HYPE3) reported net income of 346.8 million reais in the first quarter of 2026, reversing a loss of 141.1 million reais in the same period of 2025. EBITDA from continuing operations was 586.5 million reais, also reversing the previous year’s negative result. Net revenue totaled 2.01 billion reais, up 86.7% year over year.
Banrisul (BRSR6) said its annual general meeting approved payment of additional dividends for fiscal 2025, totaling 28,997,879.61 reais. The gross per-share amounts are: 0.07085547 reais per common share, 0.08527644 reais per preferred class A share, and 0.07085547 reais per preferred class B share. Shareholders registered as of May 4, 2026 will receive the dividends. Shares will trade ex-dividend from May 5, 2026. Payment will occur on May 18, 2026.
MPM Corpóreos – Espaçolaser (ESPA3) announced on Tuesday that its annual and extraordinary general meetings approved a 10-for-1 reverse stock split of its common shares. To preserve proportional ownership, the reverse split will take effect only after a composition period allowing shareholders to adjust their positions into multiples of ten shares. The composition period runs from April 29 to June 12, 2026. After that, the reverse split will be automatically implemented on the first business day after the period ends. Shares will trade ex-reverse split from June 15, 2026. Any remaining fractional shares will be grouped into whole shares and sold in an auction on B3; net proceeds will be distributed to fractional holders proportionally. The meeting also approved a dividend of 222,870.88 reais, equal to 0.00062213084 reais per share, to shareholders of record as of May 4, 2026. Shares will trade ex-dividend from May 5, 2026. Payment will be made in a single installment by the end of 2026.
Veste Estilo (VSTE3) said its annual general meeting approved a dividend distribution totaling 5,797,104.26 reais, equal to 0.05070330 reais per share, to shareholders of record as of April 28, 2026.
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