5 Most Valuable Brazilian Companies Heading into 2024

In this article, we will take a look at the 5 most valuable Brazilian companies heading into 2024. If you want to read our detailed analysis, you can go directly to 20 Most Valuable Brazilian Companies Heading into 2024.

5. Ambev S.A. (NYSE:ABEV)

Market Capitalization as of November 11, 2023: $42.9 Billion 

Ambev S.A. (NYSE:ABEV) is a prominent beverage company that is among one of the most valuable Brazilian companies heading into 2024. The company engages in the production, sale, and distribution of beer, carbonated soft drinks, malt, non alcoholic beverages, and food products to name a few. Ambev S.A. (NYSE:ABEV) was founded in 1885 and has a market cap of $42.9 billion as of November 11, 2023.

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4. Banco Santander (Brasil) S.A. (NYSE:BSBR)

Market Capitalization as of November 11, 2023: $45.1 Billion

Banco Santander (Brasil) S.A. (NYSE:BSBR) is one of the leading financial services providers in Brazil. The company offers a range of banking products and services to individuals and corporations such as deposits, credit cards, debit cards, and digital prepaid solutions to name a few. Banco Santander (Brasil) S.A. (NYSE:BSBR) was founded in 1985 and has a market cap of $45.1 billion as of November 11, 2023.

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3. Itaú Unibanco Holding S.A. (NYSE:ITUB)

Market Capitalization as of November 11, 2023: $59.2 Billion 

Itaú Unibanco Holding S.A. (NYSE:ITUB) is a leading financial services company in Brazil. The company offers financial services in three primary segments including retail banking, wholesale banking, and activities with the market or corporation. Itaú Unibanco Holding S.A. (NYSE:ITUB) was founded in 1924 and has a market cap of $59.21 billion as of November 11, 2023. 

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2. Vale S.A. (NYSE:VALE)

Market Capitalization as of November 11, 2023: $62.8 Billion 

Vale S.A. (NYSE:VALE) is one of the most valuable Brazilian companies heading into 2024. The company is a leading name in the metals and mining industry. The company is also one of the largest logistics operators in Brazil. Vale S.A. (NYSE:VALE) was founded in 1942 and has a market cap of $62.77 billion as of November 11, 2o23.

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1. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Market Capitalization as of November 11, 2023: $98.9 Billion

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is a state owned multinational in the petroleum industry. The company engages in the drilling, refining, processing, trading, and transporting of crude oil from onshore and offshore oil fields. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) was founded in 1953 and has a market cap of $98.9 billion as of November 11, 2023.

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