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Banco Santander Brasil (NYSE:BSBR) Wins “Neutral” Rating for “Underperform” from Bank of America (Merrill Lynch)

Banc of America Analyst Rating Change Banco Santander Brasil NYSE:BSBR

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”.

BSBR Stock Chart

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.

Get the latest Banco Santander Brasil (NYSE:BSBR) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Banco Santander Brasil (NYSE:BSBR) Wins “Neutral” Rating for “Underperform” from Bank of America (Merrill Lynch) appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Banco Santander Brasil (NYSE:BSBR) Wins “Neutral” Rating for “Underperform” from Bank of America (Merrill Lynch)

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