Rating On Watch: Banco Santander Brasil (NYSE:BSBR) Is Now Covered By One More Research Firm

November 30, 2016 - By Richard Conner

Rating On Watch: Banco Santander Brasil (NYSE:BSBR) Is Now Covered By One More Research Firm

How Citigroup Rates Banco Santander Brasil (NYSE:BSBR)

Equity research analysts at Citigroup has started coverage on Banco Santander Brasil (NYSE:BSBR) with “Sell” rating. This was published in a research note on 30 November.

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 stock of Banco Santander Brasil SA (ADR) (NYSE:BSBR) has “Market Perform” rating given on Thursday, November 12 by JP Morgan. The rating was upgraded by Credit Suisse on Monday, October 17 to “Neutral”. The firm earned “Reduce” rating on Tuesday, January 19 by HSBC.

About 200,960 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 $405.59M 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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