BSBR - Banco Santander (Brasil) S.A.
| Previous Close | 12.22 |
| Open | 12.30 |
| Bid | 10.88 x 4000 |
| Ask | 12.80 x 900 |
| Day's Range | 12.20 - 12.40 |
| 52 Week Range | 7.86 - 13.73 |
| Volume | 642,751 |
| Avg. Volume | 834,762 |
| Market Cap | 46.341B |
| Beta (3Y Monthly) | 0.15 |
| PE Ratio (TTM) | 15.54 |
| EPS (TTM) | 0.79 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.28 (2.29%) |
| Ex-Dividend Date | 2019-07-08 |
| 1y Target Est | 11.95 |
- Moody's•2 days ago
Moody's assigns Ba1/Aaa.br ratings to Tropicalia's debentures, outlook stable
Moody's America Latina ("Moody's") has assigned Ba1 global scale and Aaa.br national scale senior secured ratings to the third issuance of debentures by Tropicalia Transmissora de Energia S.A. (Tropicalia), in the amount of BRL407 million, due 2043. The ratings also reflect the project finance structure, which includes a 6-month debt service reserve account, and security over all the project's assets. The ratings further reflect the very high diversification of the offtake base and the overall credit linkages to sovereign credit quality of the Government of Brazil (Ba2 stable) due to the highly regulated nature of the energy sector and exposure to regulatory and political intervention risks.
- Decrypt•3 hours ago
Ripple adoption gets another boost after Santander bank launches new payment corridor
Customers in the UK and Poland can now transfer up to 10,000 euros via the One Pay FX iOS app instantly.
- Financial Times•2 days ago
Santander offered a €52m sign-on to Andrea Orcel
Santander offered to pay Andrea Orcel a sign-on package worth up to €52m in its aborted attempt to recruit him as chief executive, according to a formal offer letter seen by the Financial Times. In the ...
- Bloomberg•11 days ago
U.K. Joins Global Bond ‘Steam Train’ in Bets on BOE Rate Cut
(Bloomberg) -- The U.K. is catching up with global bond gains as investors bet the Bank of England will be forced to follow peers in signaling rate cuts.Money markets are now pricing in a full 25-basis-point cut by next August, following warnings about trade conflicts from BOE Governor Mark Carney and disappointing U.K. economic data. That is leading Banco Santander SA, JPMorgan Chase & Co. and UBS Group AG to see a steeper gilt yield curve as short-term bonds climb faster.“Gilts were defying gravity towards the end of June and ignoring the ongoing rallies in the U.S. and euro zone,” said Adam Dent, a U.K. rates strategist at Santander. “This week the penny dropped and we snapped back. Long-term rates can stage a bit of a recovery in coming days as things settle down, but the very front end has a lot of scope to keep moving.”While a stronger-than-expected U.S. jobs number on Friday took the shine off the past week’s global bond rally, gilts still outperformed their German and U.S. equivalents. Ten-year yields dropped below the BOE’s key rate two days before bunds did the same with the European Central Bank’s deposit rate.With more and more of Europe’s debt joining a record global pile of negative-yielding debt, benchmark gilts still offer yield hunters 0.74%, more than double Spain. While European nations focus on the economic outlook and prospect for ECB stimulus, for gilt traders there is also a lot of political risk to weigh up.The contest to elect the next prime minister is ongoing, with the result due on July 24, and then there’s the Brexit deadline on Oct. 31. Front runner Boris Johnson has raised the prospect of leaving the European Union even without a withdrawal agreement with Brussels.For Santander’s Dent, short-term gilt yields are likely to continue lower given the acute shock looming over the U.K. if Britain does eventually leave the bloc without a deal. He sees 10-year gilts reversing some of their aggressive month-to-date rally next week, making a bet on a steeper curve between the two-year and 10-year an attractive play.Even for those not convinced the U.K. rally has staying power, it takes a lot to bet against it right now. Gilts are too expensive given inflation and recent PMI data for Investec Asset Management portfolio manager Russell Silberston, but he is not shorting them.“Our bias is to be underweight,” said Silberston. “However, we have not actually sold yet as it is like standing in front of a steam train. Global duration is on a rip.”To contact the reporter on this story: Charlotte Ryan in London at cryan147@bloomberg.netTo contact the editors responsible for this story: Ven Ram at vram1@bloomberg.net, Neil Chatterjee, Scott HamiltonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Financial Times•13 days ago
Orcel hunts his biggest payday ever
FT premium subscribers can click here to receive Due Diligence every day by email. One thing to start: Goldman Sachs has secured a legal victory that will allow the US investment bank to keep the lid on its dealings with the controversial German financier Lars Windhorst.
- Reuters•14 days ago
UPDATE 2-Santander faces 100 mln euro claim over withdrawn CEO job offer - sources
MADRID/LONDON, July 3 (Reuters) - Santander faces a 100 million euro ($113 million) claim by Andrea Orcel, one of Europe's best-known investment bankers, after the Spanish bank offered him the job of chief executive but withdrew it when it could not meet his pay demands. Santander will have about 20 days to respond to a civil lawsuit which 56-year old Orcel plans to file in Madrid, sources familiar with the matter told Reuters on Wednesday. "Orcel is claiming 100 million euros as part of a civil lawsuit for a breach of contract," said one of the sources, speaking on condition of anonymity.
- Reuters•14 days ago
Orcel claims 100 mln euros from Santander in CEO job dispute - source
- Financial Times•14 days ago
Andrea Orcel set to launch €100m lawsuit against Santander
Andrea Orcel is set to launch a €100m lawsuit against Santander after the Spanish bank withdrew its offer to make him chief executive earlier this year. Mr Orcel’s lawsuit, which was sent to Santander in recent days, alleges that the Spanish bank breached his contract and demands that the company hires him as its CEO or pays damages totalling €100m, according to two people who have seen the document. The lawsuit will not be filed or made public until Santander has had a chance to review its contents, one of the people said.
- Zacks•15 days ago
Will Regulators Approve Deutsche's Lower Capital Request?
Deutsche Bank (DB) seeks regulators' approval to reduce capital buffer so that its CEO's major overhaul plans can be financed.
- Zacks•15 days ago
MUFG Seeks to Sell Remaining Portion of CNX Resources Bonds
Mitsubishi UFJ (MUFG) is likely to incur loss on its first deal as sole underwriter, as it continues to lower price of the bonds purchased from CNX Resources.
- Zacks•16 days ago
Deutsche Bank Plans to Reduce Global Headcount by 20,000
Deutsche Bank (DB) aims to improve profitability by undertaking cost cuts due to muted performance of its investment banking segment.
- Insider Monkey•18 days ago
Is Banco Santander (Brasil) SA (BSBR) A Good Stock To Buy ?
Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by nearly 9 percentage points since the end of the third quarter of 2018 as investors worried over the possible ramifications of rising interest rates and escalation of the trade war with China. The hedge funds and institutional investors we track typically invest more […]
- Moody's•20 days ago
Companhia Siderurgica Nacional (CSN) -- Moody's says CSN's B2 ratings and stable outlook unaffected by proposed 2023 notes add-on
Moody's Investors Service ("Moody's") comments that Companhia Siderurgica Nacional (CSN)'s B2/Ba1.br corporate family ratings, and B2 senior unsecured ratings of its wholly-owned subsidiary CSN Resources S.A., and stable outlook remain unchanged following the company's announcement that it plans to issue an add-on to its in senior unsecured notes due 2023 and fully guaranteed by Companhia Siderurgica Nacional (CSN). This transaction will be a second add-on to the original $350 million notes issued in February 2018 and reopened in April 2019, with an additional $ 400 million.
- Zacks•21 days ago
BSBR or BSAC: Which Is the Better Value Stock Right Now?
BSBR vs. BSAC: Which Stock Is the Better Value Option?
- Bloomberg•23 days ago
Santander Pays Allianz $1.1 Billion to End Spanish Venture
(Bloomberg) -- Banco Santander SA agreed to pay 937 million euros ($1.1 billion) to buy Allianz SE out of an insurance joint venture in Spain, more than halving the value of the German insurer’s assets under management in the country.Aegon NV and Mapfre SA are now set to become Santander’s insurance partners in Spain. Aegon is expected to purchase 51% in a joint venture that will sell life risk, health, accidents, home and other non-life products through Santander’s network. Mapfre is acquiring a 50% stake in a partnership to sell car insurance and insurance for small- and medium-sized businesses.The move marks another step in the consolidation of Banco Popular, which had been in partnership with the German insurer before Santander bought it in 2017. The Spanish bank last week agreed with unions to cut 3,223 jobs in the country as part of the integration of the failed lender.Allianz will remain active in Spain. Europe’s biggest insurer manages about 7 billion euros of assets outside the Allianz Popular joint venture. In 2018, it gathered about 700 million euros of premiums through its direct business, twice the 362 million euros of policies that came through Allianz Popular.Top 10The end of the joint venture will knock Allianz out of the top 10 life insurers in Spain, an unusual position for the German company. Allianz has an annual budget for acquisitions of about 1.5 billion euros, according to a spokesman.“If opportunities come along and they are in the right segment of the market, we will look at them,” Allianz spokesman Holger Klotz said by telephone.Santander said it expects the transaction to occur in in the first quarter of 2020 and that it will have a negative impact of 8 basis points on its CET1 ratio. The lender fell 0.3 percent at 1:19 p.m. in Madrid, while Allianz was little changed in Frankfurt.Popular collapsed in 2017 after failing to repair a balance sheet weighed down by loans that soured during Spain’s real estate crash. Santander agreed to take on the bank, acquiring it for 1 euro.In Spain, life insurance is typically distributed through banks. Allianz and Banco Popular created the joint venture to sell life insurance, asset management, non-life insurance products and pensions in Spain. With the European Central Bank set to extend its monetary policy of negative interest rates for the foreseeable future Spanish banks are looking for alternative revenue streams to generate profit.Allianz spent $1 billion last month on two deals in the U.K. general-insurance market.(Updates with details of Allianz’s Spain business from fourth paragraph.)To contact the reporters on this story: Charlie Devereux in Madrid at cdevereux3@bloomberg.net;Will Hadfield in London at whadfield@bloomberg.netTo contact the editors responsible for this story: Dale Crofts at dcrofts@bloomberg.net, ;Shelley Robinson at ssmith118@bloomberg.net, Christian BaumgaertelFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters•23 days ago
Santander to pay 1 billion euros to end insurance accord with Allianz Group
Spain's largest lender Banco Santander said on Monday it will pay almost 1 billion euros ($1.1 billion) to end an agreement between Allianz and Banco Popular over the distribution of insurance products. Banco Popular, saddled with debt, became the first bank to be wound down using new European rules aimed at avoiding taxpayer funded bailouts and was sold to Santander for a nominal one euro in June 2017. Santander agreed to pay 936.5 million euros ($1.07 billion)for Allianz Group's 60% stake in Allianz Popular which distributed insurance products for Banco Popular in Spain.
- Zacks•27 days ago
Are Investors Undervaluing Banco Santander-Brazil (BSBR) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- Reuters•28 days ago
Brazil's JBS prepays debt to free up collateral
- Zacks•last month
Deutsche Bank's Ratings Downgraded by Fitch, Outlook Evolving
Deutsche Bank???s (DB) long-term Issuer Default Rating (IDR) cut to 'BBB' and Viability Rating (VR) to 'bbb', by Fitch Ratings. Moreover, the outlook changes to 'evolving' from 'negative'.
- Reuters•last month
UPDATE 1-Braskem deal failure, dividend freeze complicate Brazil's Odebrecht restructuring -sources
Odebrecht SA's failure to sell its controlling stake in petrochemical company Braskem SA to LyondellBasell Industries NV and lack of cash are complicating the task of restructuring 80 billion reais ($20.67 billion) in debt owed by the corruption-ensnared conglomerate, three sources with knowledge of the matter said. The conglomerate was counting on Braskem dividends to service its debt. LyondellBasell said on Tuesday it ended talks with Odebrecht SA to buy Braskem "after careful consideration" but did not elaborate further.
- Associated Press•2 months ago
Colombian cities hit by Venezuela gasoline shortages
CARACAS, Venezuela (AP) — Venezuela's widespread gasoline shortages are starting to affect some cities in Colombia, where drivers depend on cheap fuel smuggled in from their socialist-governed neighbor.
- Zacks•2 months ago
Is Banco Santander-Brazil (BSBR) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
