BMG 3Q net income R$141M, ROE 13.6% down from 16.6% YoY

BMG reported 3Q net income of R$141 million with ROE of 13.6%, down from 16.6% a year earlier, while financial margin grew 16% to R$1.56 billion. The decline in profitability metrics signals margin pressure despite revenue growth. This is a single-company earnings report, not a systemic signal.

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