Today’s Price Action: Banco Santander Brasil SA (ADR) Has Another Very Strong Trading Session

Today's Price Action: Banco Santander Brasil SA (ADR) Has Another Very Strong Trading Session

The stock of Banco Santander Brasil SA (ADR) (NYSE:BSBR) is a huge mover today! About 397,543 shares traded hands. Banco Santander Brasil SA (ADR) (NYSE:BSBR) has risen 82.07% since February 29, 2016 and is uptrending. It has outperformed by 69.85% the S&P500.
The move comes after 5 months positive chart setup for the $26.10B company. It was reported on Oct, 3 by Barchart.com. We have $10.38 PT which if reached, will make NYSE:BSBR worth $13.57B more.

Analysts await Banco Santander Brasil SA (ADR) (NYSE:BSBR) to report earnings on October, 25. They expect $0.05 EPS, down 16.67% or $0.01 from last year’s $0.06 per share. BSBR’s profit will be $191.07 million for 34.15 P/E if the $0.05 EPS becomes a reality. After $0.07 actual EPS reported by Banco Santander Brasil SA (ADR) for the previous quarter, Wall Street now forecasts -28.57% negative EPS growth.

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

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

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: “Santander Brasil raises $8 billion in 2009’s richest IPO” and published on October 07, 2009 is yet another important article.

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 $26.10 billion. The Bank operates as a multiple bank. It has a 24.58 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.

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