BSBR - Banco Santander (Brasil) S.A.
11.78 0.00 (0.00%)
After hours: 4:17PM EDT
| Previous Close | 11.69 |
| Open | 11.85 |
| Bid | 10.95 x 3100 |
| Ask | 11.76 x 800 |
| Day's Range | 11.70 - 11.89 |
| 52 Week Range | 7.20 - 13.73 |
| Volume | 796,681 |
| Avg. Volume | 912,620 |
| Market Cap | 43.226B |
| Beta (3Y Monthly) | 0.12 |
| PE Ratio (TTM) | 14.87 |
| EPS (TTM) | 0.79 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.28 (2.43%) |
| Ex-Dividend Date | 2019-04-08 |
| 1y Target Est | 11.95 |
- Zacks•13 hours ago
BSBR or BSAC: Which Is the Better Value Stock Right Now?
BSBR vs. BSAC: Which Stock Is the Better Value Option?
- Bloomberg•3 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•3 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•7 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•8 days ago
Brazil's JBS prepays debt to free up collateral
- Zacks•17 days ago
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•23 days ago
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•29 days 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•29 days 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.
- Motley Fool•last month
Why Shares of Santander Consumer Are Up on Friday
The auto lending specialist is free to buy back more of its shares.
- Bloomberg•last month
Russian Billionaire Takes on Ana Botin, and Wins
Fridman’s hostile bid for struggling Spanish grocer Distribuidora Internacional de Alimentacion SA won shareholder approval earlier this month. When DIA said in December it needed shareholders to stump up 600 million euros ($669 million) to cut debt, Fridman refused to bail out the discredited management team.
- Zacks•last month
Is Banco Santander (BSBR) a Great Pick for Value Investors?
Let's see if Banco Santander (BSBR) stock is a good choice for value-oriented investors right now from multiple angles.
- Zacks•last month
BSBR vs. BSAC: Which Stock Is the Better Value Option?
BSBR vs. BSAC: Which Stock Is the Better Value Option?
- Moody's•last month
Driver Brasil Four Banco Volkswagen Fundo de Investimento em Direitos Creditorios - Financiamento de Veiculos -- Moody's assigns provisional ratings to Driver Brasil Four FIDC, a Brazilian auto loan securitization
Moody's América Latina has assigned provisional ratings to the senior shares to be issued by Driver Brasil Four Banco Volkswagen Fundo de Investimento em Direitos Creditórios Financiamento de Veículos (Driver Brasil Four FIDC), a securitization backed by a static pool of auto loans originated by Banco Volkswagen S.A. (not rated). Upon conclusive review of all documents and legal information as well as any subsequent changes in information, Moody's will endeavor to assign definitive ratings to this transaction.
- Benzinga•last month
A Look At Banco Santander Through Benzinga's Securities Lending Volatility Index
Benzinga’s Securities Lending Volatility Index (SLVX) Powered by Tidal Markets, is an indicator that forecasts stock market activity for broader indices and individual securities. Banco Santander (SAN) together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. After the spike in share price, SAN lost -5.93% in the proceeding 6 trading days, closing on April 25th at $4.91 a share.
- Reuters•last month
Santander wants to cut 11 percent of total workforce in Spain
Santander is aiming to close 1,150 branches in Spain and cut just over 3,700 jobs, or around 11 percent of its workforce in the country as it integrates Banco Popular, unions said on Tuesday. "This reduction will mainly affect the commercial network and its intermediate support structures, although it will also affect the principal offices," Spanish union Comisiones Obreras said in a statement. Santander declined to comment.
