Sao Paulo, Feb 21, 2026, 03:49 (BRT) — The market’s session has ended.
- B3 SA (B3SA3) finished Friday at 18.08 reais, a 1.9% gain, having reached an intraday high of 18.19.
- Brazil’s Ibovespa finished at a record 190,534 points, with trading volumes running high.
- Attention now turns to B3’s Q4 earnings call on Feb. 27, along with Brazil’s rate decision slated for March.
B3 SA stock edged up 1.86% to close at 18.08 reais on Friday, retracing a bit after peaking at 18.19 during the session. Data shows shares have climbed roughly 30% since the start of the year. (MarketScreener)
B3’s bottom line tracks market action: heavier trading and spikes in volatility typically drive up fee income for the exchange operator. Local stocks are hitting new highs, and right now, investors are leaning into B3SA3, using it as a go-to liquid play on Brazil’s risk trade.
Ibovespa surged 1.06% Friday, wrapping up at a record 190,534.42 points. Weekly gains hit 2.18% after the shortened session. Volume was close to 35.9 billion reais, market data showed. (InfoMoney)
The real picked up ground. The dollar ended the day 0.99% lower at 5.1766 reais—its weakest finish since May 2024, according to CNN Brasil. Inter senior economist André Valério said the tariff decision “should” trigger some foreign portfolio repositioning, though he warned it could also “bring more FX volatility” thanks to uncertainty around Washington’s next move. (CNN Brasil)
Risk appetite jumped after the U.S. Supreme Court shot down President Donald Trump’s global tariffs in a 6-3 decision, declaring he overstepped his powers under a national-emergency statute. Trump, for his part, pledged to seek a fresh 10% global tariff under another law, ensuring trade policy will remain a moving target. (Reuters)
The setup for B3 isn’t complicated. It pulls in revenue from fees tied to trading, clearing, and settlement—the essentials that keep stocks and derivatives circulating. When volumes spike, those streams usually get a boost.
Investors are eyeing B3’s upcoming fourth-quarter results, with the earnings call slated for Feb. 27. According to the company’s investor relations site, the English session kicks off at 10:00 a.m. BRT, followed by the Portuguese call an hour later at 11:00 a.m. (B3)
Investors aren’t just watching the company’s figures—they’ve also got their eyes on Brazil’s upcoming central bank meeting. The Copom, as the monetary policy committee is called, is set to gather March 17 and 18, according to the central bank’s 2026 calendar note. (Banco Central do Brasil)
Still, it’s not a sure thing. Should the U.S. tariff spat flare up again—or if risk assets stumble out of the gate on Monday—Brazil’s rally risks losing steam, and B3SA3 could feel the heat. Thinner volumes after the holiday period would only add pressure on the exchange operator’s core business.
Sao Paulo’s markets kick back into gear Monday. After Friday’s all-time closing high, attention shifts to see if that momentum brings heavier trading. Next up: B3’s update set for Feb. 27, which should shed light on both last quarter’s numbers and what’s next.
