BSBR - Banco Santander (Brasil) S.A.
10.35 0.00 (0.00%)
After hours: 4:17PM EDT
| Previous Close | 10.61 |
| Open | 10.66 |
| Bid | 10.32 x 1800 |
| Ask | 10.37 x 4000 |
| Day's Range | 10.22 - 10.67 |
| 52 Week Range | 7.86 - 13.73 |
| Volume | 1,041,212 |
| Avg. Volume | 883,187 |
| Market Cap | 39.105B |
| Beta (3Y Monthly) | 0.07 |
| PE Ratio (TTM) | 13.07 |
| EPS (TTM) | 0.79 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.28 (2.63%) |
| Ex-Dividend Date | 2019-07-08 |
| 1y Target Est | 13.24 |
- Zacks
UBS Group Displays Prudent Cost Management: Should You Hold?
UBS Group's (UBS) is focused on achieving its performance targets through execution of cost management and several restructuring initiatives.
- Zacks
Itau Unibanco to Attract Larger Clients With Iti Platform
Itau Unibanco (ITUB) plans to bolster revenues by focusing on building its instant payments platform and attracting larger clients.
Motley FoolBanco Santander-Chile (BSAC) Q2 2019 Earnings Call Transcript
BSAC earnings call for the period ending June 30, 2019.
- Zacks
BSBR vs. ITUB: Which Stock Is the Better Value Option?
BSBR vs. ITUB: Which Stock Is the Better Value Option?
- Zacks
Should Value Investors Buy Banco Santander-Brazil (BSBR) Stock?
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.
- Zacks
Mitsubishi UFJ Closes Colonial First State Group Limited Deal
Mitsubishi UFJ (MUFG) completes the acquisition of shares of nine subsidiaries of Colonial First State Group Limited.
Motley FoolEvertec Inc (EVTC) Q2 2019 Earnings Call Transcript
EVTC earnings call for the period ending June 30, 2019.
- Reuters
UPDATE 1-Santander Brasil launches card processing service using rivals' machines
Banco Santander Brasil SA launched a service on Thursday that allows small merchants to capture payment transactions through its card processor company GetNet without buying the bank's card reader machine. The bank targets nearly 4 million clients that currently use their own card reader machines or those made by rivals. GetNet aims to gain between 300,000 and 400,000 new clients through this migration.
- Zacks
BSBR vs. BSAC: Which Stock Is the Better Value Option?
BSBR vs. BSAC: Which Stock Is the Better Value Option?
- Zacks
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.
- Zacks
Banco Santander-Brazil (BSBR) Upgraded to Buy: Here's What You Should Know
Banco Santander-Brazil (BSBR) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- Reuters
Santander escalates war of words with Orcel in court battle
MADRID/LONDON (Reuters) - Santander has accused Andrea Orcel, who is suing the Spanish bank for 100 million euros ($111 million) after it withdrew an offer to make him its chief executive, of "dubious ethical and moral behaviour". Orcel, one of Europe's most high-profile bankers, filed a lawsuit in Madrid this month claiming breach of contract. Orcel has alleged that a four-page letter written in September in which Santander offered him the job, along with a stock and bonus package to compensate for deferred pay he risked losing by quitting UBS, is legally binding.
- Reuters
UPDATE 2-'Following the fintechs' Santander Brasil to launch online loans
Banco Santander Brasil SA will launch an online platform in September, allowing Brazilians to borrow funds using a wide range of collateral, from their homes to motorcycles, Chief Executive Officer Sergio Rial told journalists on Tuesday. Rial said the move - the first among major banks in Brazil - is aimed at offering cheaper loans for consumers with useable collateral. The announcement came days after Japan's SoftBank Group Corp led a $231 million financing round for Brazilian lending platform Creditas, which has specialized in loans secured by assets.
- Bloomberg
Santander Profit Hit by Charges for Job Cuts, Restructuring
(Bloomberg) -- It looks like Banco Santander SA picked the right time to grow in Latin America.The Spanish lender’s surging businesses there delivered second-quarter profit growth that made up for a lackluster performance in Europe. Shareholders on Tuesday approved a capital increase to buy out the 25% of the bank’s Mexican unit that it doesn’t already own, continuing its expansion in the region.As years of low interest rates weigh on the profits of European peers, Santander is leaning ever more on Latin America, where it seeks to benefit from growing populations, including many people who are using banking services for the first time. The results highlight the diverging fortunes of the bank’s business as North and South America account for a rising share of underlying earnings with Brazil, the bank’s main profit driver, rising 19%.Underlying profit at the Madrid-based lender rose 5% to 2.1 billion euros ($2.4 billion) in the three months through June, the best quarterly performance in eight years, according to Chairman Ana Botin. The results would have been even better if Brazil’s real hadn’t fallen against the euro.Meanwhile, the lender’s European business is marked by cost reductions, branch closures and a long struggle to improve profitability at its U.K. unit. Santander is cutting more than 3,000 jobs and shuttering duplicate branches in Spain as part of the integration of Banco Popular Espanol, contributing to a 706 million euro charge in the second quarter that caused net income to drop by 18%. The bank is also pulling back in the U.K. and Poland.Sweet SpotWhile Santander’s 658 billion euros of deposits in Europe are more than twice the total of the Americas, the latter accounts for 55% of the group’s underlying profit.Santander rose as much as 3% in Madrid trading and was up 2.9% at 4.10 euros as of 11:38 a.m.“The evolution of countries in Latin America continues to be a vital support,” said Nuria Alvarez, an analyst at Renta 4 Banco in Madrid. That’s “in spite of the complicated environment that they have in the U.K and in Spain.”The bet on Latin America looks likely to continue and even increase. On Tuesday, the bank’s shareholders voted to approve a 2.6 billion euro capital increase to fund the purchase of the Mexican unit stake. The business had a 13% market share in Mexico at the end of 2018.Santander is rolling out a digital-banking app, designed to capture low income customers who have never had an account, in Mexico and Chile after piloting the service in Brazil.In Spain, underlying profit was virtually flat, held back by stagnant net interest income and fees. Santander’s U.K. unit continued to struggle with regulations that oblige the bank to separate its investment arms from retail banking. Net income at the British business fell to 327 million euros in the second quarter compared with 375 million euros a year ago.The job reductions are part of a global plan to reduce annual costs by 1.2 billion euros, with most of the cutbacks coming in Europe.Here are some highlights from Santander’s second-quarter report:Net income fell 18% year-on-year to 1.39 billion euros, beating the analyst consensus of 1.27 billion euros.The bank’s fully-loaded and phased in CET1 ratio was 11.3% , in line with its medium-term targetNet interest income of 8.95 billion euros in the second quarter beat the consensus of 8.77 billion euros(Updates with details of Mexico buyback in seventh paragraph.)To contact the reporter on this story: Charlie Devereux in Madrid at cdevereux3@bloomberg.netTo contact the editors responsible for this story: Dale Crofts at dcrofts@bloomberg.net, Ross LarsenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Moody's
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
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.
- Reuters
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.
