BSBR - Banco Santander (Brasil) S.A.
| Previous Close | 13.02 |
| Open | 12.90 |
| Bid | 12.22 x 4000 |
| Ask | 0.00 x 1400 |
| Day's Range | 12.50 - 12.95 |
| 52 Week Range | 7.20 - 13.15 |
| Volume | 785,219 |
| Avg. Volume | 1,105,832 |
| Market Cap | 46.705B |
| Beta (3Y Monthly) | 0.40 |
| PE Ratio (TTM) | 15.91 |
| EPS (TTM) | 0.79 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.26 (2.02%) |
| Ex-Dividend Date | 2019-01-08 |
| 1y Target Est | 10.32 |
- Bloomberg•59 minutes ago
Orcel's Rise to Santander CEO Is Ruined by Dispute Over UBS Pay
UBS Group AG held a hard line that Orcel, who led its investment bank until a few months ago, was defecting to a rival and wouldn’t receive bonuses he was owed from previous years. It wouldn’t be unusual for UBS to take a tough stance to try to dissuade one of its top managers from leaving, but Santander executives wagered that once Orcel was gone, the Swiss bank would relent rather than risk losing it as a client.
- The Wall Street Journal•4 hours ago
What’s News: Business & Finance
U.S. authorities charged a Ukrainian hacker, an associate and several traders over a breach of the SEC’s corporate-filing system in a scheme to profit from stolen information. Netflix raised prices for all its subscription plans, a move that could help the firm maintain its aggressive spending on content.
- The Wall Street Journal•7 hours ago
[$$] Santander Cancels Andrea Orcel’s Appointment as CEO Over Compensation
Andrea Orcel, one of Europe’s highest-profile investment bankers, found himself out of a job Tuesday, when Spain’s Banco Santander SA said it would be unacceptable to pay him the amount of money it would have cost to make him chief executive. Santander said it was canceling Mr. Orcel’s September appointment after finding out how much it would need to compensate him for shares he would leave behind at his former employer, UBS Group AG, a figure that people familiar with the matter said was above €50 million ($57.4 million). The unusual U-turn highlights the fraught issue of executive compensation in Europe.
- Reuters•12 hours ago
Spain's Santander drops Orcel as next CEO, blames pay gap
Banco Santander (SAN.MC) said on Tuesday that Italian banker Andrea Orcel would not take over as chief executive after it could not meet his pay expectations, in a rare and unusual U-turn on such a high-level appointment. Jose Antonio Alvarez will now stay on as CEO instead of Orcel, who previously worked for Swiss bank UBS (UBSG.S) and was appointed to the role at Spain's largest bank in September. "The cost to Santander of compensating Mr Orcel for the deferred awards he has earned over the past seven years, and other benefits previously awarded to him, would be a sum significantly above the board's original expectations at the time of the appointment," Santander said in a statement.
- Reuters•12 hours ago
Spain's Santander drops Orcel as next CEO, blames pay gap
Banco Santander said on Tuesday that Italian banker Andrea Orcel would not take over as chief executive after it could not meet his pay expectations, in a rare and unusual U-turn on such a high-level appointment. Jose Antonio Alvarez will now stay on as CEO instead of Orcel, who previously worked for Swiss bank UBS and was appointed to the role at Spain's largest bank in September. "The cost to Santander of compensating Mr Orcel for the deferred awards he has earned over the past seven years, and other benefits previously awarded to him, would be a sum significantly above the board's original expectations at the time of the appointment," Santander said in a statement.
- Reuters•2 days ago
Spanish court backs Reuben Brothers' bid for Santander headquarters
Spain's Banco Santander lost a battle to regain ownership of its headquarters outside Madrid on Monday when a Spanish court ruled that the billionaire Reuben brothers had won a tender with a cash bid, net of debt, of 283 million euros (£252 million). Santander pays millions of euros in monthly rent to the owner of the 250 hectare plot whose nine futuristic buildings include offices, restaurants and a residence for its employees, which has an enterprise value of almost 3 billion euros, a source with the knowledge of the deal said. The tender made by Reuben Brothers, a fund with investments from real estate to mining owned by British businessmen David and Simon Reuben who are ranked 88th in the Forbes list of world's billionaires, was net of debt.
- Reuters•2 days ago
Spanish court backs Reuben Brothers' bid for Santander HQ
Spain's Banco Santander lost a battle to regain ownership of its headquarters outside Madrid on Monday when a Spanish court ruled that the billionaire Reuben brothers had won a tender with a cash bid, net of debt, of 283 million euros ($325 million). Santander pays millions of euros in monthly rent to the owner of the 250 hectare plot whose nine futuristic buildings include offices, restaurants and a residence for its employees, which has an enterprise value of almost 3 billion euros, a source with the knowledge of the deal said. The tender made by Reuben Brothers, a fund with investments from real estate to mining owned by British businessmen David and Simon Reuben who are ranked 88th in the Forbes list of world's billionaires, was net of debt.
- Reuters•5 days ago
FOCUS-How Santander's Brazil unit is driving growth with car loans
At BM Multimarcas, a used-car dealer on the outskirts of Sao Paulo, owner Santel de Abreu Bernardo can show you jalopies that most big banks would not touch. It has grabbed 25 percent of the market for car loans in Latin America's largest country, in part by extending credit to borrowers shunned by other mainstream banks. There are risks to Santander's strategy, as any used-car veteran will tell you.
- Reuters•5 days ago
Focus: How Santander's Brazil unit is driving growth with car loans
At BM Multimarcas, a used-car dealer on the outskirts of Sao Paulo, owner Santel de Abreu Bernardo can show you jalopies that most big banks would not touch. It has grabbed 25 percent of the market for car loans in Latin America's largest country, in part by extending credit to borrowers shunned by other mainstream banks. There are risks to Santander's strategy, as any used-car veteran will tell you.
- Bloomberg•6 days ago
UBS Requires Andrea Orcel to Wait Until April for New CEO Gig
Santander officials thought the garden leave could be reduced because the two banks aren’t direct competitors, the people said. William Vereker, who left last year to join U.K. Prime Minister Theresa May as a business envoy, made the switch in less than six months.
- Investor's Business Daily•12 days ago
Dow Jones Drops Nearly 700 Points; When Long-Term Apple Holders Should Sell
Apple is leading the Dow Jones industrial average and the Nasdaq sharply lower. Netflix and Brazilian banks rose. Volume roared higher.
- Moody's•27 days ago
Companhia Siderurgica Nacional (CSN) -- Moody's assigns B3/B2.br ratings to CSN's proposed BRL 2.0 billion debentures; stable outlook
Proceeds from the transaction will be used for liability management, thus lengthening CSN's debt amortization schedule. The rating of the notes assumes that the final transaction documents will not be materially different from draft legal documentation reviewed by Moody's to date and assume that these agreements are legally valid, binding and enforceable.
- Reuters•27 days ago
PRESS DIGEST- Financial Times - Dec 20
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines GlaxoSmithKline to break up after striking Pfizer joint ...
- Bloomberg•28 days ago
FCA Fines Santander $42 Million Over Dead Customers' Funds
The bank didn’t transfer funds totaling 183 million pounds to beneficiaries when it should have, affecting 40,428 customers, the regulator said Wednesday. The bank also failed to disclose information to the FCA about issues with the probate and bereavement process when it became aware of them. It’s the biggest FCA fine issued in 2018, and it accounts for more than half of the total value of fines -- 60.5 million pounds -- that it’s made so far this year.
- Reuters•28 days ago
UK regulator fines Santander over handling accounts of deceased customers
The Financial Conduct Authority (FCA) said https://www.fca.org.uk/news/press-releases/santander-uk-plc-fined-serious-failings-its-probate-and-bereavement-process Santander UK did not transfer funds worth more that 183 million pounds to beneficiaries, directly affecting 40,428 customers. The retail and commercial bank, owned by Spain's Banco Santander (SAN.MC), also had "serious failings" in its probate and bereavement process, FCA said. "Santander is very sorry for the impact these failings have had on the families and beneficiaries affected.
- Reuters•last month
CEE MARKETS-Stocks rebound, crown eases despite rate hike suggestion
Warsaw led a rise of Central Europe's main stock indices on Wednesday as U.S. President Donald Trump generated optimism about a trade deal with China, helping global equities markets. Warsaw's bluechip ...
- Reuters•last month
Santander Brasil CFO expects asset growth of up to 8 pct in 2019
Banco Santander Brasil may expand its assets by up to 8 percent next year, above the country's GDP growth rate, Chief Financial Officer Angel Santodomingo told investors on Tuesday. The announcement comes ...
- Reuters•last month
Julius Baer in talks with Santander over Venezuela business: sources
Swiss private bank Julius Baer is in talks about transferring its Venezuelan book of business to Spain's Banco Santander as Baer reorganises operations in Latin America, sources close to the situation have told Reuters. Baer said in October it was closing its branches in Peru and Panama as part of its effort to focus on larger markets in the region such as Mexico, Brazil and Argentina. A source familiar with the situation, who asked not to be identified, said on Saturday that talks with Santander over Baer's Venezuelan book of business were under way but had not yet been concluded.
Reuters•last monthJulius Baer in talks with Santander over Venezuela business: sources
Swiss private bank Julius Baer (BAER.S) is in talks about transferring its Venezuelan book of business to Spain's Banco Santander (SAN.MC) as Baer reorganizes operations in Latin America, sources close to the situation have told Reuters. Baer said in October it was closing its branches in Peru and Panama as part of its effort to focus on larger markets in the region such as Mexico, Brazil and Argentina. A source familiar with the situation, who asked not to be identified, said on Saturday that talks with Santander over Baer's Venezuelan book of business were under way but had not yet been concluded.
- Reuters•last month
Spanish online bank WiZink looks to float in 2019 -sources
FRANKFURT/LONDON/MADRID, Dec 5 (Reuters) - Investment firm Varde Partners is planning to float its Spanish online bank WiZink next year, with investment banks UBS and Goldman Sachs likely to be selected as IPO coordinators, people close to the matter said. WiZink is expected to have a market capitalisation of around 2.5-3 billion euros ($2.8-$3.4 billion) and the initial public offering (IPO) would come in the third quarter of 2019, one of the sources added. Goldman Sachs and WiZink declined to comment, while UBS did not immediately respond to a request for comment.
- Moody's•2 months ago
FIDC Global TR -- Moody's assigns ratings to second senior issuance of FIDC Global TR, a Brazilian trade receivables securitization
NOTE: On November 30, 2018, the press release was corrected as follows: The first sentence of the fourth paragraph in the Ratings Rationale section was changed to: Limited commingling risk, as obligor payments will be directed to an escrow account domiciled in Itaú Unibanco (Ba2 long-term bank deposit rating, Global Scale, Local Currency), which is in the name of the originator and is controlled by the master servicer. Revised release follows. Sao Paulo, November 29, 2018 -- Moody's America Latina Ltda has assigned ratings of A3 (sf) (global scale rating, local currency) and Aaa.br (sf) (Brazilian national scale) to the second senior shares issuance of Fundo de Investimento em Direitos Creditórios Global TR (FIDC), a securitization backed by a pool of electricity bills for individuals and businesses that have energy distributed through the low voltage grid, originated by Enel Distribuição RIO, former Ampla Energia e Serviços S.A. (Enel RIO, not rated).
- Reuters•2 months ago
U.S. watchdog fines Spain's Santander $11.8 mln over misleading loans, insurance
Santander Consumer USA Holdings Inc, a leading subprime auto lender, will pay $11.8 million to settle claims that it misled customers about the cost and terms of auto loans and insurance, a U.S. consumer watchdog said on Tuesday. Santander Consumer, an affiliate of the Spanish banking group Banco Santander SA, promised drivers lower monthly fees by allowing them to make interest-only payments without explaining this would increase the total cost of the loan, the Consumer Financial Protection Bureau (CFPB) said. Santander Consumer is one of the nation's largest subprime auto lenders and manages about $52 billion in loans to 2.7 million customers, the lender has said.
