The Ibovespa rose over 0.8% above 148,500 on Wednesday, setting a new record high after the US Federal Reserve cut its benchmark rate by 25 bps. Santander advanced 2.5% after posting an adjusted net profit of R$4.01 billion in Q3, up 9.4% year over year and above forecasts. Bradesco gained 0.8% ahead of its results, expected to confirm continued operational recovery. Genial Investimentos projects recurring profit of R$6.3 billion, while JPMorgan expects further improvement in profitability. Vale climbed 1.8% ahead of its earnings release, with analysts forecasting stronger revenue. Ambev was flat, and Gerdau added 0.6%, both set to report next week, with Gerdau expected to show higher revenue but weaker profit. Axia Energia gained 1.5% after agreeing to acquire Juno Participa