|Bid||22.59 x 900|
|Ask||22.62 x 1200|
|Day's Range||22.39 - 22.86|
|52 Week Range||20.78 - 32.97|
|Beta (3Y Monthly)||0.29|
|PE Ratio (TTM)||11.28|
|Forward Dividend & Yield||1.13 (4.97%)|
|1y Target Est||30.11|
Banco Santander Brasil is making new hires as part of a revamp of its investment banking business in an effort to gain market share. Gustavo Miranda, the new head of investment banking at the bank, has hired Renato Boranga, who was formerly at Moelis & Co , as head of mergers and acquisitions. Miranda, who became head of investment banking in October, has also appointed Pedro Leite da Costa, previously at Goldman Sachs and advisory firm One Partners, as head of equity capital markets (ECM).
Wells Fargo’s recently appointed chief executive Charlie Scharf has taken another step towards reshaping the bank’s senior management team, hiring Scott Powell to be the bank’s chief operating officer. Mr Powell, who had been serving as the chief executive of Santander’s US operations, will start next week. Mr Powell will have responsibility for regulatory affairs at the bank, among other areas.
HSBC and Santander UK will compensate more than 115,000 customers after they failed to keep up with new regulations designed to help them avoid falling into their overdrafts. Since February 2018, banks have been required to text customers when their accounts are close to running out of money, to give them time to avoid being charged high fees for using an unarranged overdraft. HSBC will refund £8m to 115,000 customers who were charged without receiving warning texts.
Mexican President Andres Manuel Lopez Obrador said on Monday Spanish bank Santander will stop charging commissions as of Tuesday on remittances sent by migrants to their relatives in Mexico. Santander Executive Chairman Ana Botin "promised us this year that the bank would not charge commissions on remittances that our citizens in the United States send to their families," Lopez Obrador said, sitting alongside Botin.
Chile’s status as capitalist poster child for Latin America is in danger after the riots. The iShares MSCI Chile exchange-traded fund is down 15% since Oct. 18.
Santander Consumer Bank, a unit of Spain's Santander, agreed on Monday to buy a consumer auto-loan portfolio worth 1.3 billion euros ($1.45 billion) from Ford Motor Company in the Nordic countries, a Santander spokesman said. "Part of the transaction is a long-term agreement on retail and wholesale finance to Ford dealers under the Ford brand," the spokesperson said, without disclosing the amount of the deal. As part of the deal, Santander would take on 125 employees from the Ford Motor Company in the Nordics.
Santander has taken a 350 million pound ($453 million) majority stake in UK-based Ebury as part of a digital strategy to boost growth through new ventures, the Spanish bank announced on Monday. Ebury is a trade and foreign exchange facilitator for small and medium-sized companies which operates in 19 countries and 140 currencies, Santander said in a statement. Santander said it is acquiring 50.1% of Ebury for 350 million pounds, of which 70 million will be new primary equity to support Ebury's plans to enter new markets in Latin America and Asia.
Banco Santander SA is keeping plans to boost its consumer finance unit in Argentina despite the victory in Sunday's presidential election of Alberto Fernandez, a Peronist, the bank`s regional head for South America told journalists on Wednesday. Investors are uncertain how Fernandez will handle the country`s economic challenges. Fernandez, who will succeed market-friendly President Mauricio Macri has not detailed yet the party's plans for Latin America’s No. 3 economy.
Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today its unaudited results1 for the nine month period ended September 30, 2019 and third quarter 2019 (3Q19). This was a 6.9% increase compared to 3Q18 (from now on YoY) and a decrease of 19.0% compared to 2Q19 (from now on QoQ). In July 2019 the Bank recognized a one-time charge of Ch$ 31 billion for a regulatory change in the provisioning model for commercial loans evaluated on a collective basis.
Chief Financial Officer of Banco Santander Brasil SA said on Wednesday that the bank's net interest income is likely to be under pressure in the coming quarters, as Brazil's interest rates hit all-time low levels and competition increases. CFO Angel Santodomingo told analysts in a conference call that Santander Brasil seeks to offset a potential pressure in margins with higher fee income and lower operating expenses. "The bank has to analyse its costs in an industrial way," he said, adding he still sees room for improvements in Santander Brasil's efficiency.
The deal includes Santander's 27 bank branches on the island and total assets of $6.2 billion, the companies said. First BanCorp , the bank holding company of FirstBank Puerto Rico, said its 2020 consensus earnings of 81 cents per share are now expected to get a boost by 35%.
We have the pleasure of communicating that the process of sale of a large portion of Banco Santander Chile’s portion in Nexus- an auxiliary financial subsidiary in charge of processing credit card transactions in the country- was finalized. This transaction is part of the sales mandate that was under the responsibility of Credicorp Capital for the sale of Banco Santander Chile’s participation in three auxiliary financial subsidiaries: Transbank, Redbanc and Nexus. The transaction consists of the sale of 11% of the property that Santander had in Nexus to Banco de Chile, Scotiabank, Banco Estado and BCI, and soon the remaining 1.9% to Itaú, pending approval from the Central Bank of Brazil.
In the Federal Reserve's second-quarter report on household debt and credit, a rise in auto loan delinquencies was identified, resparking an old conversation regarding subprime auto financing by lenders like Credit Acceptance Corp. (NASDAQ: CACC) and Banco Santander SA (NYSE: SAN)'s Santander Consumer USA Holdings. The firm’s shares rose almost 10% after the authorization of a $400-million share buyback. Is it possible that the buyback helped stabilize earnings per share, smoothing out a rocky past and the risks associated with rising defaults and declining loan performance?
It will work with different insurance companies with the support of Banco Santander Chile and ZIMS, two companies that joined forces to create Klare with a focus on innovating in a market that has remained, until now, stuck in the traditional model. SANTIAGO, Chile, Oct. 09, 2019 (GLOBE NEWSWIRE) -- The new insurance broker opted for a 100% online platform which tailors the options shown to the needs of each client. The objective of Klare is to be bring closer the insurance options to those who need it but do not have knowledge and/or mistrust the products and services the market offers today.
Banco Santander Brasil SA expects to see its loan book grow by more than 10% per year through 2022 and maintain its current profitability ratio at 21%, Chief Executive Officer Sergio Rial said on Tuesday. Rial told analysts at an event at the bank's headquarters in Sao Paulo that consumer lending and companies in the agribusiness sector will drive Santander's loan book growth. Santander also disclosed in a securities filing that it sees its client base growing more than 7% per year until 2022.
SANTIAGO, Chile, Oct. 01, 2019 -- You are cordially invited to participate in Banco Santander Chile's (NYSE: BSAC) conference call-webcast on Wednesday, October 30, 2019 at.