Bank Stocks in November: Which to Invest In and What Moves the Market

The month of November has begun, and with it come new possibilities for investments in the Stock Market. The market already has alternatives for highly profitable and promising stocks for the next 30 days: banks are the ones standing out the most with the potential for the release of earnings and profits during the quarter. Another point highlighting the category is the payment of dividends to shareholders.

Inter bank, which had lost over 20% of its value in October, has made a significant recovery with a variation that reached over 19%. The accumulated result for the institution over the last 52 weeks (1 year) is 165%, while for the year 2021, in the last ten months, it is 33%. The minimum value is R$ 12.36 and the maximum reached R$ 14.72.

The increase in prices in the Ibovespa was due to the possibility of Nubank entering the stock market in the coming months. According to a report released by Nu last Monday (01), they intend to raise over US$ 3 billion by offering only 25% of the company’s shares, still leaving voting and decision-making power to the co-founders (75%). The average price for each share may vary from US$ 10 to US$ 11, which is equivalent to a range of R$ 60 in Brazil.

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Another bank stock that was among the most valued this week is Itaú, which rose about 3.98% after releasing profits that were above 2% compared to the previous year and the same period. In August, the institution reported a profit of R$ 7.56 billion, raising high expectations for the coming quarters. In November, the released data shows a return of R$ 6.73 billion, above what was expected for the country’s crisis movement.

Another bank that released its balance sheet was Bradesco, which recorded a profit of R$ 6.469 billion in the quarter, equivalent to a 2.3% increase compared to the same period last year.

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Besides Stocks, What Are the Expectations for November?

It is not just stocks that have high investment expectations for the month of November, but also assets. Ether has been hitting its all-time high daily, reaching over R$ 25,000 this Tuesday (02), while Bitcoin is stabilized with a variation of 2% in the last 24 hours, trading and being quoted at R$ 358,000.

Solana is also on a historic upward trend, costing around R$ 1,165. Two weeks ago, its average price was around R$ 800. Dogecoin is also a highlight, with a value increase to R$ 1.55 after averaging R$ 1.30.