Rating Flow: Does Banco Santander Brasil (NYSE:BSBR) Look Attractive? Citigroup Starts Coverage

November 30, 2016 - By Dolores Ford

Rating Flow: Does Banco Santander Brasil (NYSE:BSBR) Look Attractive? Citigroup Starts Coverage

How Citigroup Rates Banco Santander Brasil (NYSE:BSBR)

Research professionals at Citigroup has started coverage on shares of Banco Santander Brasil (NYSE:BSBR) in an analyst report shared with investors and clients on 30 November, Octafinance.com reports. The firm set “Sell” rating on BSBR stock.

Banco Santander Brasil SA (ADR) (NYSE:BSBR) Ratings Coverage

Out of 3 analysts covering Banco Santander Brasil (NYSE:BSBR), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. Banco Santander Brasil has been the topic of 3 analyst reports since November 12, 2015 according to StockzIntelligence Inc. The firm earned “Market Perform” rating on Thursday, November 12 by JP Morgan. The stock has “Neutral” rating given by Credit Suisse on Monday, October 17. The firm has “Reduce” rating by HSBC given on Tuesday, January 19.

About 157,279 shares traded hands. Banco Santander Brasil SA (ADR) (NYSE:BSBR) has risen 63.86% since April 27, 2016 and is uptrending. It has outperformed by 58.63% the S&P500.

Analysts await Banco Santander Brasil SA (ADR) (NYSE:BSBR) to report earnings on March, 7. They expect $0.11 EPS, up 120.00% or $0.06 from last year’s $0.05 per share. BSBR’s profit will be $405.59 million for 18.82 P/E if the $0.11 EPS becomes a reality. After $0.09 actual EPS reported by Banco Santander Brasil SA (ADR) for the previous quarter, Wall Street now forecasts 22.22% EPS growth.

Banco Santander S.A. (Santander Brasil) is indirectly controlled by Banco Santander, S.A., and is an institution of the financial and non-financial group. The company has a market cap of $30.53 billion. The Bank operates as a multiple bank. It has a 28.66 P/E ratio. The Bank operates through two divisions: Commercial Banking and Global Wholesale Banking.

BSBR Company Profile

Banco Santander (Brasil) S.A. (Santander Brasil), incorporated on August 9, 1985, is indirectly controlled by Banco Santander, S.A., and is an institution of the financial and non-financial group. The Bank operates as a multiple bank. The Bank operates through two divisions: Commercial Banking and Global Wholesale Banking. The Commercial Banking segment encompasses the entire commercial banking business (except for the Corporate Banking business managed globally using the Global Relationship Model). The Global Wholesale Banking segment reflects the returns on the Global Corporate Banking business, those on Investment Banking and Markets across the world, including all treasury departments and the equities business. It operates with commercial, investment, credit and financing and exchange, mortgage lending, leasing, credit cards and securities brokerage.

More news for Banco Santander Brasil SA (ADR) (NYSE:BSBR) were recently published by: Quotes.Wsj.com, which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Marketwatch.com‘s article titled: “Banco Santander (Brasil) SA ADR” and published on October 07, 2009 is yet another important article.

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