SANB11.SA - Banco Santander (Brasil) S.A.
| Previous close | 29.18 |
| Open | 29.34 |
| Bid | 29.05 x 0 |
| Ask | 29.06 x 0 |
| Day's range | 28.78 - 29.57 |
| 52-week range | 25.27 - 33.96 |
| Volume | |
| Avg. volume | 1,797,228 |
| Market cap | 127.177B |
| Beta (5Y monthly) | 0.69 |
| PE ratio (TTM) | 14.28 |
| EPS (TTM) | 2.05 |
| Earnings date | 28 Oct 2020 |
| Forward dividend & yield | 1.61 (5.47%) |
| Ex-dividend date | 25 Apr 2023 |
| 1y target est | 28.38 |
The TelegraphThe eleven savings accounts with the best interest rates for 2023
Rising interest rates are good news for savers, who until recently earned next to nothing on the money sitting in their bank accounts.
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Despite concerns related to higher restructuring costs and uneven economic growth, Zacks Foreign Bank industry stocks like SAN, Deutsche Bank and Bancolombia are poised to benefit.
ReutersSantander's Botin blames mismanagement for banking sector turmoil
The chairman of Spain's Santander, Ana Botin, warned on Tuesday against more regulation in the financial industry and said that in part mismanagement was to blame for the recent banking turmoil in the sector. "The one thing I would say first is we have to do a good diagnosis, but the one thing we don't need is more regulation," Botin, who also heads trade body IIF, said at an event in Brussels. Botin made those comments at a moment when the European Central Bank is considering whether requirements tailored to individual lenders could help address the risks arising for those holding large amounts of uninsured deposits, a document showed.
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The TelegraphWhy investing with your bank could be an expensive mistake
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ZacksShould Value Investors Buy Banco Santander (SAN) 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.
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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.
ReutersSantander sells distressed loan portfolio worth 1.1 billion euros - Expansion
Spain's Santander has agreed to sell a portfolio of distressed loans with a gross value of 1.1 billion euros ($1.21 billion) to U.S. private equity fund Cerberus and real estate loan manager Axactor, Expansion reported on Friday. The loan portfolio, dubbed 'Spirit project', includes personal loans, some mortgages, and loans to medium and small companies, Expansion said, citing unidentified financial sources. The first loan portfolio, of around 660 million euros, was sold to Gescobro, a Spanish unit of Cerberus, and the second, of around 440 million euros, to Axactor, it said.
ZacksBanco Santander (SAN) Upgraded to Buy: Here's Why
Banco Santander (SAN) 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.
ZacksAre Finance Stocks Lagging Banco Bilbao Viscaya Argentaria (BBVA) This Year?
Here is how Banco Bilbao (BBVA) and Banco Santander (SAN) have performed compared to their sector so far this year.
ReutersSantander Brasil posts Q1 net profit down 46.6%
Banco Santander Brasil SA on Tuesday reported a first quarter net profit of 2.14 billion reais ($425.09 million), down 46.6% from a year earlier but still above analysts' forecasts of 1.83 billion in a Refinitiv poll. The Brazilian unit of Spain's Banco Santander SA has been trying to be more selective in lending for more than a year now, as credit conditions deteriorated, but in the meantime posted some weak quarterly results. The lender's chief executive, Mario Leao, said in a statement that Santander started 2023 with a focus on strengthening its balance sheet, but even so managed to increase its portfolio in some strategic businesses such as auto, payroll and real estate loans.
ReutersSantander profit beat overshadowed by weak quarter in Brazil
Spain's Santander on Tuesday beat forecasts with a 1% rise in first-quarter net profit as a strong performance in Europe offset weaker trade in Brazil and the United States. Its net profit rose to 2.57 billion euros helped by higher lending income and despite a hit of 224 million euros from a new tax in Spain. That topped the 2.45 billion euros expected by analysts polled by Reuters, while excluding the tax, profit rose 10%.
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ReutersSantander to raise stake in Mexican unit to 99.8%, delist shares
Santander will increase its stake in its Mexican unit to 99.8% from 96.2% following a tender offer for all outstanding shares in the business, the Spanish bank said on Tuesday, as it moves ahead with plans to delist it. Over the past few years Santander has expanded in emerging economies in search of faster growth than in Europe, where ultra-low interest rates had made banking less profitable. Spain's biggest bank had set the offer price to Santander Mexico shareholders at 24.52 Mexican pesos ($1.35) for each Series B share in Mexico and the U.S. dollar equivalent of 122.6 pesos for each American Depositary Share (ADS) listed in New York.
ReutersSpain's Santander reaffirms targets in face of recent market turmoil
MADRID (Reuters) -Spain's Santander said on Friday it was on track to meet its overall financial targets for 2023 and forecast a positive trend in lending and deposits in the first quarter as it tried to restore confidence in the battered financial sector. The bank's 2023 targets include double-digit revenue growth, a return on tangible equity (ROTE) above 15%, a cost to income ratio of 44% to 45%, and a cost of risk, which represents the cost of managing credit risks and potential losses, below 1.2%. The statement from the euro zone's second-biggest lender by market value comes after recent market tensions following the collapse this month of U.S. lender Silicon Valley Bank (SVB) and UBS Group's state-backed takeover of Credit Suisse.
ZacksAre Investors Undervaluing Banco Santander (SAN) 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.
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CoinDeskThe UK Has Created Crypto Banking Problems
U.K. lobbying groups and lawmakers have been complaining that crypto clients can’t find a bank and are faced with restrictions, so they are calling the government to act.
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ReutersSantander's Mexico arm to launch digital bank by March 2024
The Mexican arm of Spain's Banco Santander plans to launch digital lender Openbank by the end of March 2024 to offer checking accounts, credit cards and other services over time, the head of the local unit said on Thursday. "We need to 'tropicalize' it and make it fit for the Mexican market and regulation," Santander's Mexico country head Felipe Garcia told Reuters in an interview, adding that because the digital bank already operates in Argentina and some European countries the operation will not be starting from scratch. Mexico was an attractive market for the digital lender because it had a relatively low level of banking penetration compared to other Latin American countries and a very young population, he said, with the launch poised to help integrate more people into the financial system.
ReutersNatWest limits customers' crypto transfers, citing scam concerns
Britain's NatWest has imposed new limits on the daily and monthly amount customers can send to cryptocurrency exchanges, seeking to protect consumers from "crypto-criminals", the bank said on Tuesday. From Tuesday customer transfers to cryptocurrency exchanges will be limited to 5,000 pounds ($6,088) per 30-day period, with no more than 1,000 pounds per day, NatWest said. Regulators around the world have warned of the risks of scams and fraud in the largely unregulated world of crypto trading.
CoinDeskSantander, HSBC, Deutsche Bank, Others Still Willing to Serve Crypto Clients After Banking Failures, DCG Says
Major banks are still willing to work with crypto firms though they may implement service restrictions, according to messages viewed by CoinDesk.
