BSBR - Banco Santander (Brasil) S.A.

NYSE - NYSE Delayed Price. Currency in USD
4.9300
+0.2000 (+4.23%)
At close: 4:00PM EDT
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Previous close4.7300
Open4.9400
Bid0.0000 x 3100
Ask5.0000 x 1400
Day's range4.7800 - 4.9686
52-week range3.6900 - 12.8500
Volume1,535,951
Avg. volume1,641,056
Market cap17.964B
Beta (5Y monthly)0.88
PE ratio (TTM)6.22
EPS (TTM)0.7920
Earnings dateN/A
Forward dividend & yield0.70 (14.76%)
Ex-dividend date08 May 2020
1y target est7.40
  • Associated Press

    Officials: Car lender reaches $550M multi-state settlement

    Thirty-four attorneys general announced a $550 million settlement Tuesday with auto loan financing company Santander over allegations it knowingly targeted consumers who were likely to default on its loans. Consumers who defaulted on their loans from the company as of last year will be allowed to keep their car if it has not been dispossessed, and they are eligible for waivers for unpaid balances, according to the settlement. The company will pay $65 million directly toward alleged consumer losses and provide hundreds of millions more in the form of loan relief.

  • Reuters

    Santander agrees to $550 million U.S. settlement over subprime auto loans

    Santander Consumer USA Holdings Inc said on Tuesday it had agreed to make changes to its underwriting practices as part of a $550 million (448.7 million pounds) settlement with 33 states and the District of Columbia over subprime auto loans. The states said Santander violated consumer protection laws by placing borrowers with subprime credit into auto loans it knew carried a high probability of default. Santander has agreed to pay $65 million for restitution for some customers and to waive deficiency balances on loans worth $478 million.

  • Is Banco Santander (SAN) a Great Stock for Value Investors?
    Zacks

    Is Banco Santander (SAN) a Great Stock for Value Investors?

    Let's see if Banco Santander (SAN) stock is a good choice for value-oriented investors right now from multiple angles.

  • Should Value Investors Pick Banco Santander (BSBR) Stock?
    Zacks

    Should Value Investors Pick Banco Santander (BSBR) Stock?

    Let's see if Banco Santander (BSBR) stock is a good choice for value-oriented investors right now from multiple angles.

  • Financial Times

    Santander unit agrees $550m deceptive lending settlement

    The Dallas-based lender was accused of writing car loans it knew would have “an unacceptably high probability of default”. The listed company is majority owned by Spain’s Banco Santander. Among the allegations are claims Santander’s “aggressive pursuit of market share” led it to turn “a blind eye to dealer abuse”, such as falsified information about the financial health of borrowers.

  • Financial Times

    Banks probe sales push linked to corporate loans

    Banks in the UK are investigating whether they pressured corporate clients into giving them extra business in return for loans, after the country’s financial watchdog warned against the practice during the coronavirus pandemic. Lenders including Barclays, Deutsche Bank, HSBC and Santander are conducting internal reviews to find out whether any of their investment bankers tried to link emergency financing to more lucrative services, according to people familiar with the matter. Last month the Financial Conduct Authority sent an unusually strongly-worded letter to the heads of UK lenders after receiving “credible reports” that some were abusing their lending relationships with struggling clients to strong-arm them into buying other services, while negotiating new or existing debt facilities.

  • Santander hires HSBC executive as regional head of Europe
    Reuters

    Santander hires HSBC executive as regional head of Europe

    Santander on Tuesday announced the appointment of Antonio Simoes, head of global private banking at HSBC , as its regional chief for Europe, one of the Spanish bank's three big geographical regions. Simoes joins Santander from the HSBC, where he has led a number of businesses over the past 13 years in London and Hong Kong, at a time when the Spanish bank is focused on cost cuts in Europe. "Antonio will join the bank on Sept. 1, subject to regulatory approval, and will have managerial responsibility and oversight of the bank's businesses in Europe with reporting lines from the country heads of Spain, Britain, Portugal and Poland," Santander said in a statement.

  • Banco Santander, S.A. (SAN) Q1 2020 Earnings Call Transcript
    Motley Fool

    Banco Santander, S.A. (SAN) Q1 2020 Earnings Call Transcript

    SAN earnings call for the period ending March 31, 2020.

  • Santander Brasil cuts costs, credit card risk amid coronavirus
    Reuters

    Santander Brasil cuts costs, credit card risk amid coronavirus

    Banco Santander Brasil SA's chief executive, Sergio Rial, on Tuesday said the bank is implementing a series of measures aimed at helping it weather the coronavirus crisis, such as reducing credit card risk and cutting technology spending. Rial said in an interview with Reuters that he cannot yet foresee the pandemic's full impact on the bank's results, although loan delinquencies and losses are likely to go up after a forecast-beating first quarter that sent its shares soaring. Currently, 3% of Santander's outstanding loans are more than 90 days past due.

  • Santander's profit slides as it sets aside $1.7 billion for COVID-19 loan losses
    Reuters

    Santander's profit slides as it sets aside $1.7 billion for COVID-19 loan losses

    Banking giant Santander's quarterly net profit dived by 82% as it set aside 1.6 billion euros ($1.7 billion) to cover expected loan losses caused by the COVID-19 pandemic. The euro zone's second-largest bank by market value, after BNP Paribas, reported a net profit of 331 million euros for the first quarter that ended in March. Excluding extraordinary provisions, which also included 46 million euros of restructuring costs in Europe, Santander's underlying quarterly profit rose 1% to 1.98 billion euros.

  • Reuters

    Santander Polish bank quarterly profit misses forecasts

    Its net profit was 100 million zloty below expectations of analysts polled by Reuters and 168 million zloty lower than a year before. The bank, Poland's biggest non-state lender, said it had decided to create a 119 million zloty provision related to "unexpected credit losses" connected to uncertainty over the coronavirus impact on the economy. The results were worked out in the first quarter, while the first coronavirus infection was registered in Poland on March 4.

  • Should You Buy Banco Santander (BSBR) Ahead of Earnings?
    Zacks

    Should You Buy Banco Santander (BSBR) Ahead of Earnings?

    Banco Santander (BSBR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

  • Santander launches PagoFX in the UK, a money transfer app to take on TransferWise and other fintechs
    TechCrunch

    Santander launches PagoFX in the UK, a money transfer app to take on TransferWise and other fintechs

    Reportedly written by the bank's head of innovation, the missive warned that a large chunk of the Spanish incumbent's profits were at risk -- specifically, those generated via international money transfers – because of the growing success of fintech challengers, such as London-headquartered TransferWise. Fast-forward three years, and today Santander is launching a standalone money transfer app, presumably in a bid to avoid the trappings of innovator's dilemma. The new proposition is open to Santander and non-Santander customers and has been developed by a team working largely outside of the bank -- a startup within a multi-national corporation, if you will -- and has grown to around 50 team members working across Madrid, London, and Brussels.

  • Santander launches money transfer app in UK to fend off competition from fintechs
    Reuters

    Santander launches money transfer app in UK to fend off competition from fintechs

    Santander on Thursday launched a money service app in the United Kingdom that will initially be free of fees for transfers of up to 3,000 pounds ($3,740) due to the coronavirus pandemic as lenders try to fend off competition from start-ups in the payments industry. Santander said its completely owned PagoFX, a low-cost international money transfer service, would be available via a mobile app and allow UK residents with a debit card issued by any UK bank or financial entity to send money abroad from their smartphone with low costs and using real-time foreign exchange rates. Banks, which are already struggling to lift earnings due to low interest rates, face rising competition from tech start-ups like technology platform PayPal and the likes of London-based TransferWise that offer foreign exchange payments to retail and small-business customers with lower fees.

  • CEO of Santander says bank is taking measures to limit coronavirus impact
    Reuters

    CEO of Santander says bank is taking measures to limit coronavirus impact

    The chief executive officer of Spain's Santander on Friday assured investors it was taking all necessary measures to mitigate the impact from the coronavirus outbreak on the bank's balance sheet. "We will take the necessary measures to mitigate, as far as possible, the impact that the volatility and foreseeable slowdown in global growth may have on the business and on the income statement this year," the bank's CEO Jose Antonio Alvarez told investors.

  • Santander boosts lending capacity to 90 billion euros after cancelling dividends
    Reuters

    Santander boosts lending capacity to 90 billion euros after cancelling dividends

    Santander has boosted its lending capacity to 90 billion euros ($97.3 billion) to support households in the fight against the coronavirus outbreak after cancelling its final 2019 dividend and its remuneration policy for 2020, chairman Ana Botin told investors on Friday. The European Central Bank had already told lenders to skip dividend payments and share buy backs until October at the earliest and use profits to support an economy hamstrung by restrictions on movement implemented to stop the spread of the virus. The lender said on Thursday it would cancel the final 0.13 euros per share dividend against its 2019 earnings to boost capital defences, with Botin saying on Friday this would save the euro zone's biggest lender in terms of market value 1.6 billion euros ($1.7 billion).

  • Spain's Santander cancels final dividend on 2019 earnings
    Reuters

    Spain's Santander cancels final dividend on 2019 earnings

    Spain's Santander will cancel the payment of a final dividend against its 2019 earnings and save the money to boost capital defences against the impact of the coronavirus outbreak. The European Central Bank has told lenders to skip dividend payments and share buybacks until October at the earliest and use profits to support an economy hamstrung by restrictions on movement implemented to stop the spread of the virus. Santander will wait until "there is more visibility of the effects of the COVID-19 crisis" and its own 2020 financial results are known before proposing any dividend payments.

  • Reuters

    Santander Brasil says won't fire workers during coronavirus 'critical period'

    Banco Santander Brasil SA , one of Brazil's top lenders, said on Monday that it would refrain from firing workers "amid the most critical period" of the coronavirus outbreak. The bank, which has roughly 47,000 employees, did not specify what it meant by the "most critical period" of the pandemic. Last week, Santander Brasil said it would furlough part of its workforce for 15 days in Sao Paulo and Rio de Janeiro as it closes some branches in both cities due to the coronavirus outbreak.

  • Santander closes almost half of its Spanish branches due to coronavirus - source
    Reuters

    Santander closes almost half of its Spanish branches due to coronavirus - source

    Spain's Santander has closed slightly less than half of its branches in Spain to adapt to lower attendance from clients as coronavirus spreads, a source with knowledge of the matter said on Friday. Spain has been in lockdown since Saturday in an attempt to stem the spread of the coronavirus. Santander has recently said it has implemented measures to protect the health of its employees and customers.