BSBR - Banco Santander (Brasil) S.A.

NYSE - NYSE Delayed Price. Currency in USD
13.26
+0.09 (+0.68%)
At close: 4:02PM EST
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Previous Close13.17
Open13.31
Bid12.45 x 4000
Ask13.67 x 900
Day's Range13.13 - 13.34
52 Week Range7.20 - 13.73
Volume646,866
Avg. Volume871,981
Market Cap49.748B
Beta (3Y Monthly)0.45
PE Ratio (TTM)16.74
EPS (TTM)0.79
Earnings DateN/A
Forward Dividend & Yield0.26 (2.00%)
Ex-Dividend Date2019-01-08
1y Target Est11.21
Trade prices are not sourced from all markets
  • Bloomberg3 days ago

    Surprise! Refinancing Complex Debt Instruments Is Hard

    (Bloomberg) -- When Banco Santander SA skipped a call date on bonds this week, unnerving sentiment in the $340 billion market for risky bank debt, it also highlighted a conundrum that bedevils all CoCo issuers: refinancing them is a lot trickier than for plain-vanilla bonds.

  • Financial Times3 days ago

    [$$] Santander move exposes the riskiest class of debt

    Santander’s decision not to exercise its call seems to be based entirely on financial gain, and not on some vague dark motivations. AT1 holders are not only short a call, but also more gravely, they are short a put. If and when the euro area sovereign and banking crisis resurfaces, these investors will look back at Santander’s decision as the good old days.

  • Financial Times3 days ago

    [$$] A selection of the FT’s biggest stories and best reads every weekend

    Every Tuesday, alarms sound throughout San Francisco to test the city’s natural disaster warning system. Reassuringly, they’ve never been used in an actual emergency but the Bay Area is overdue a huge earthquake. Perhaps living with this knowledge is what makes San Franciscans such a hardy bunch.

  • Bond Buyers Move on After Santander Shock
    Bloomberg4 days ago

    Bond Buyers Move on After Santander Shock

    Svenska Handelsbanken AB amassed more than $4.5 billion of bids as it became the first bank to offer new CoCos since Santander rattled markets a couple of days ago. “Whilst Santander’s approach to their AT1 instruments was shambolic, it has not spooked the market,” said Paul Smillie, a credit analyst at ColumbiaThreadneedle.

  • The Wall Street Journal4 days ago

    [$$] Talking Markets: Investors in Riskiest Bank Debt Face Perpetual Trap

    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.

  • Financial Times4 days ago

    [$$] How Santander kept a $200bn bond market guessing

    as its chief executive may have seized the headlines in recent weeks, but the Spanish lender’s decision to not honour a “gentleman’s agreement” in the bank bond market could prove more consequential. of a €1.5bn capital bond, defying the expectations of many analysts who had argued just a week earlier that such an outcome was a near certainty. against Santander over the bank’s rescinded offer, aggrieved bondholders who saw the value of their debt fall sharply have no such recourse: the bank had absolutely no obligation to repay — or “call” — the bond at this time.

  • Mitsubishi UFG-Akamai JV to Offer Digital Payment Services
    Zacks5 days ago

    Mitsubishi UFG-Akamai JV to Offer Digital Payment Services

    Mitsubishi UFG (MUFG) signs joint-venture (JV) deal with Akamai Technologies to offer a new blockchain-based payment network.

  • CNBC5 days ago

    Santander's shock bond move is controversial but not contagious, analysts say

    The Spanish bank's 1.5 billion euro ($1.7 billion) contingent convertible bond, or CoCo bond, was eligible for early repayment which is usually exercised in the financial world. Santander's decision this week has left debt investors with a dilemma. Santander SAN-ES 's decision to not repay investors on a special type of bond this week may have surprised investors, but analysts have told CNBC that any fears of financial stress in the market are unfounded.

  • Bloomberg5 days ago

    Santander's CoCo Bond Creates All Kinds of Trouble

    Spain’s biggest bank, Banco Santander SA, chose to wait until the last available moment to tell holders that it wasn’t going to redeem a particular 1.5 billion euro ($1.7 billion) bond after all. The note in question was a so-called Additional Tier 1 (an AT1 or CoCo for short) and it’s accepted practice in the market to call these bonds on their redemption date.

  • Santander CoCos Rebound as Investors Swallow Call Letdown
    Bloomberg5 days ago

    Santander CoCos Rebound as Investors Swallow Call Letdown

    The rebound may reflect investors shifting focus to CoCos’ large yields and Santander’s capital position rather than the upending of market expectations that banks will call perpetual bonds at the first opportunity. Investors may also see little wider market impact from Santander’s decision due to pricing difference between banks’ CoCos and the fact that the Spanish bank wasn’t reacting to any company or market stresses. The overall cost works out at about 5.53 percent, as the new rate is 541 basis points above the five-year euro swap rate, which is currently 12.5 basis points.

  • The Wall Street Journal5 days ago

    [$$] Santander Bond Move Unnerves Bank-Debt Investors

    Santander said it wouldn’t redeem a risky kind of bank debt, a move analysts said could ripple across a largely untested corner of the bond market.

  • Financial Times5 days ago

    [$$] Revisiting a Deutsche bank controversy

    This Deutsche bank bond no longer exists, but at the height of the financial crisis it sparked a controversy across European markets. What happened then is worth comparing with the furore this week over Santander’s failure to call – or repay – one of its bonds. The Deutsche bond was issued in 2004, and classified as “lower tier 2 capital”.

  • Santander Gives Bond Investors a Nasty Surprise
    Bloomberg6 days ago

    Santander Gives Bond Investors a Nasty Surprise

    The announcement came late Tuesday, right at the deadline for a decision, after the bank kept investors in the dark for weeks regarding the call option and in the aftermath of another deal, a sale of dollar AT1 notes on Wednesday. “The handling of the situation was truly disastrous,” said Timothee Pubellier, a portfolio manager at Financiere de LA Cite SAS, which holds Santander CoCos. The Spanish bank opted against a call due to an “obligation to assess the economics and balance the interests of all investors,” a company spokesman said in an email.

  • Pocketing 1,000% Markup, Venezuelans Smuggle Out Precious Food
    Bloomberg6 days ago

    Pocketing 1,000% Markup, Venezuelans Smuggle Out Precious Food

    Market shelves in the scruffy Colombian town of Puerto Santander are loaded with Venezuelan maize flour, rice, cheese spread and more, heavily subsidized consumer goods smuggled by government officials and ordinary citizens alike and sold at big mark-ups. Gasoline is ferried from Venezuela too, as people cash in on the arbitrage opportunities created by extreme price distortions. The spectacle of food being spirited out of a country where hunger is becoming epidemic shows in microcosm how Maduro’s socialist government has created an economic and humanitarian disaster.

  • Bloomberg6 days ago

    Santander CoCo Decision Day as Holders Await Potential Call

    The Spanish bank’s 1.5 billion euro ($1.7 billion) issue of contingent convertible is trading around 98.5 cents, suggesting investors are still unsure whether Santander will use an option to redeem the notes at par on March 12. Santander must issue a notice on Tuesday if it plans to exercise the call option. A Santander spokesman declined to comment when contacted by Bloomberg News.

  • Financial Times6 days ago

    [$$] Santander shocks market with bond decision

    Santander has decided against early repayment of a €1.5bn capital bond, defying investors’ expectations in a move that threatens to rattle Europe’s $200bn market for riskier bank debt. At the same time, the hunt for yield has led fixed-income investors to take on the extra risk the bonds bring. The Spanish lender’s decision to not repay — or “call” — the bond is also the first such instance in the additional tier 1 (AT1) bond market, the riskiest class of bank debt that regulators introduced after the financial crisis to shore up banks’ balance sheets.

  • Bloomberg7 days ago

    Brazil’s Next Central Bank Chief Has a Long Family History

    While Roberto Campos Neto, whose Senate approval for the leadership post is expected later this month, hasn’t made clear where he might take monetary policy in Latin America’s biggest economy, clues can be found by looking to his grandfather and namesake, Roberto Campos. “Campos Neto was very close to his grandfather, who was his main mentor,” said Alexandre Aoude, a friend of the nominee who used to run Deutsche Bank AG’s Brazil unit.

  • Bloomberg7 days ago

    Santander's CoCo Controversy Goes Down to the Wire

    It would be especially surprising if Santander chose to disappoint bondholders after its separate issuance of a dollar-denominated $1.2 billion AT1 last week, with a 7.5 percent coupon. As Bloomberg News wrote, the sale was timed strangely, with many Asia investors away on the lunar holiday and the book closed before U.S. trading hours. Now this might all be coincidental, but one theory in the market is that European investors have bought into the new dollar AT1 in the hope that their participation will mean the controversial euro note is actually redeemed by Santander.

  • Financial Times8 days ago

    [$$] Fight over pay and profile torpedoed Andrea Orcel’s move to Santander

    The Spanish bank argued with the Italian-born Mr Orcel over whether he could attend the World Economic Forum in Davos this year, said two of the people. In recent years, Ana Botín, executive chairman of Santander, has been the sole executive representing her bank at the elite gathering in the Swiss mountain resort. Mr Orcel offered to attend in a low-key capacity and said he would not take part in any panels or television appearances, instead using the gathering as an opportunity to catch up with clients, one of the people said.

  • Spain’s Biggest Lender Is Roiling a $340 Billion Market
    Bloomberg10 days ago

    Spain’s Biggest Lender Is Roiling a $340 Billion Market

    While most investors expect banks to trigger such options, Santander has so far stayed silent on the subject, raising market tension. Investors price the perpetual bonds on the assumption that banks will voluntarily repurchase notes at the first call date, typically five years after issuance. Why wouldn’t Santander call the notes?

  • BSBR vs. HDB: Which Stock Is the Better Value Option?
    Zacks13 days ago

    BSBR vs. HDB: Which Stock Is the Better Value Option?

    BSBR vs. HDB: Which Stock Is the Better Value Option?

  • The Zacks Analyst Blog Highlights: UnitedHealth, Banco Bradesco, Itau, Banco Santander and Rio
    Zacks13 days ago

    The Zacks Analyst Blog Highlights: UnitedHealth, Banco Bradesco, Itau, Banco Santander and Rio

    The Zacks Analyst Blog Highlights: UnitedHealth, Banco Bradesco, Itau, Banco Santander and Rio

  • Banco Santander Central Hispano (SAN) Q4 2018 Earnings Conference Call Transcript
    Motley Fool13 days ago

    Banco Santander Central Hispano (SAN) Q4 2018 Earnings Conference Call Transcript

    SAN earnings call for the period ending December 31, 2018.