Banco Santander Brasil (NYSE:BSBR) Rating Change
In an analyst report shared with investors and clients on Tuesday, 2 May, Bank of America (Merrill Lynch) stated it was upgrading Banco Santander Brasil (NYSE:BSBR) stock from a “Underperform” to a “Neutral”.
Banco Santander Brasil (NYSE:BSBR) Profile
Banco Santander (Brasil) S.A. (the Bank) is indirectly controlled by Banco Santander, S.A., and is an institution of the Financial and Prudential Group. The Bank operates through two segments, Commercial Banking and Global Wholesale Banking. The Company conducts its operations by means of portfolios such as commercial, investment, lending and financing, mortgage lending, leasing, credit card operations and foreign exchange.
Banco Santander Brasil (NYSE:BSBR) traded up 3.67% on 2 May, hitting $8.9. A total of 2.42M shares of the company’s stock traded hands. This is down from average of 5.91M shares. Banco Santander Brasil has a 52 week low of $4.72 and a 52 week high of $11.75. The company has a market cap of $34.24B and a P/E ratio of 14.18.
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