BSBR - Banco Santander (Brasil) S.A.

NYSE - NYSE Delayed Price. Currency in USD
10.35
-0.26 (-2.45%)
At close: 4:02PM EDT

10.35 0.00 (0.00%)
After hours: 4:17PM EDT

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Previous Close10.61
Open10.66
Bid10.32 x 1800
Ask10.37 x 4000
Day's Range10.22 - 10.67
52 Week Range7.86 - 13.73
Volume1,041,212
Avg. Volume883,187
Market Cap39.105B
Beta (3Y Monthly)0.07
PE Ratio (TTM)13.07
EPS (TTM)0.79
Earnings DateN/A
Forward Dividend & Yield0.28 (2.63%)
Ex-Dividend Date2019-07-08
1y Target Est13.24
Trade prices are not sourced from all markets
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  • Should Value Investors Buy Banco Santander-Brazil (BSBR) Stock?
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  • 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.

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  • Banco Santander-Brazil (BSBR) Upgraded to Buy: Here's What You Should Know
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  • Santander escalates war of words with Orcel in court battle
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    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.

  • Santander Profit Hit by Charges for Job Cuts, Restructuring
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    (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.

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    UPDATE 2-Santander faces 100 mln euro claim over withdrawn CEO job offer - sources

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