|Bid||10.25 x 1000|
|Ask||13.24 x 1000|
|Day's Range||10.96 - 11.38|
|52 Week Range||7.20 - 13.73|
|Beta (3Y Monthly)||0.41|
|PE Ratio (TTM)||13.98|
|Forward Dividend & Yield||0.26 (2.25%)|
|1y Target Est||11.41|
Banco Santander Brasil SA on Thursday launched a digital investment platform, fueling competition with new brokerage firms vying for investors in Latin America's largest economy. The new platform, called Pi, will offer products by Santander and also third parties, a move similar to what competitors Itaú Unibanco Holding SA and Banco Bradesco SA have done to regain market share from brokerage newcomers such as XP Investimentos SA and BTG Pactual Digital. Pi will offer investment products to mass retail customers, including lower income clients.
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Banco Santander Brasil SA said it has hired Pedro Leite da Costa as the new head of Equity Capital Markets in the country. Costa was a partner in a local investment banking boutique and has previously ...
Brazilian power generator Eneva SA has hired the investment banking units of Citigroup , Itaú Unibanco Holding SA, Banco BTG Pactual SA and Banco Santander Brasil SA to manage a secondary share offering, ...
FT subscribers can click here to receive Market Forces every day by email. The Brexit countdown is approaching the midnight hour , and trading in the pound has certainly whipsawed on Monday, reflecting ...
The outgoing head of the Mexican banking association and current chairman of Santander Mexico, Marcos Martinez, doesn’t see any risks in the industry, saying only that slower-than-expected economic growth would limit bank lending this year. "I don’t see any risk for banks at the moment, not a single one," Martinez said in an interview at his office in Mexico City. Despite political uncertainty and the risks to the larger economy, Martinez says the banking system is rock solid.
(Reuters) - Andrea Orcel, who had an offer withdrawn to be CEO of Santander, has rejected an advisory role at the Spanish bank, according to a source familiar with the matter. The Italian banker was seeking ...
Santander said it was canceling Mr. Orcel’s September appointment after finding out how much it would need to compensate him for shares he would leave behind at his former employer, UBS Group AG, a figure that people familiar with the matter said was above €50 million ($57.4 million). The unusual U-turn highlights the fraught issue of executive compensation in Europe.
The Spanish bank wants to preserve the option to use a scrip dividend a year after saying it planned to start rewarding shareholders entirely in cash. The lender also decided to increase its medium-term dividend payout target to 40 percent to 50 percent of profit from a previous range of 30 percent to 40 percent. The shift is a sign that Santander is under pressure over its capital levels, said Carlos Garcia, an analyst at Kepler Cheuvreux in Madrid.
A new Brazilian auto lender operated by Hyundai Capital Services Inc and Banco Santander Brasil SA has been granted a license, the country's central bank said on Thursday. The bank, called Banco Hyundai, ...
The Zacks Analyst Blog Highlights: China Southern Airlines, Banco Santander, JinkoSolar, Wipro and KT
MILAN/LONDON (Reuters) - Italian power grid operator Terna has hired Spanish bank Santander to scout investors that could plough cash into its transmission businesses in Brazil, Peru and Uruguay, four sources familiar with the matter told Reuters. Terna could raise 200 million to 300 million euros from the process, two of the sources said. The process kicked off recently and aims to raise funds to help Terna strengthen its footprint in Latin America, the sources said.
Brazil oil company Petroleo Brasileiro SA has hired the investment banking unit of Banco Santander Brasil SA to revive efforts to sell its liquefied petroleum gas (LPG) distribution unit, four sources with knowledge of the matter said on Tuesday. Petrobras, as the state-controlled company is known, had agreed in 2016 to sell Liquigas Distribuidora SA to local rival Ultrapar Participações SA in a process managed by the investment banking unit of Itau Unibanco Holding SA.
Buyers, it is easy to argue, should read the terms and conditions next time instead of relying on the issuer to follow market custom. Banco Santander is under no obligation to buy back the bonds on the first date allowed—next month—but it isn’t required to pay a coupon, either. This is no small matter: CoCos underpin bank capital in Europe and much of the world outside the U.S.
SA (SAN.MC) is poised to test the riskiest bank debt in the market for a second time in May, potentially triggering a significant repricing of the bonds as investors broadly realize they could be perpetually stuck with this type of banks’ debt. Santander sent shock waves across the Additional Tier 1 market after deciding late Tuesday not to repurchase 1.5 billion euros ($1.7 billion) in perpetual contingent-convertible bonds, known as CoCos, priced at a 6.25% coupon, at their first redemption date on March 12. Investors have traditionally priced CoCos with the expectation that they will be called at the first opportunity and Santander’s mixed communications prior to Tuesday’s deadline led many to think it would do so.