Banco Santander (NYSE:BSBR) Stock

Banco Santander

Banco Santander (Brasil) SA is part of Santander Group, a Spanish bank. It operates across two segments; the Commercial Banking segment, catering to both individual and corporate client and the Global Wholesale Banking segment, which encompasses Investment Banking and Markets operations, including the Treasury and Equity Business Departments. The bank generates majority of its revenue from the Commercial Banking segment and has operations in Brazil and internationally.

Banco Santander Brasil SA American Depositary Shares, each representing one unit

Banco Santander (Brasil) SA

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Shares of banking companies are trading higher amid overall market strength due to March's strong durable goods orders economic data, and President Trump's announcement that he met with China earlier today.

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Shares of banking companies are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

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Shares of banks and financial services stocks are trading lower following greater-than-expected inflation data measured through the PCE price index for February, while personal spending missed estimates. Additionally, recent tariff announcements may be weighing on equities.

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Shares of banks and financial services stocks are trading higher amid an overall market rebound following recent weakness.

Earnings

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Earnings Scheduled For February 5, 2025

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Shares of companies within the banking and financial sector are trading lower amid overall market weakness as investors react to developments regarding advancements in Chinese artificial intelligence. Additionally, investors could be assessing the economic impact of potential tariffs and trade uncertainty.

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Shares of banking and financial services stocks are trading higher following strong bank earnings.

Shares of US banks are trading higher after Federal Reserve Board Vice Chair for Supervision Michael Barr announced he will step down, effective Feb. 28.

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Embraer-Empresa Brasileira De Aeronautica

Companhia De Saneamento Basico Do Estado De Sao

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Shares of Brazilian companies are trading lower. A new government fiscal spending package and last week's central bank rate hike could be eroding global investor confidence and raising concerns over the nation's deficit.

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Shares of Brazilian stocks are trading lower amid a rise in borrowing costs and a depreciation of the Brazilian Real.

JP Morgan analyst Domingos Falavina upgrades Banco Santander (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSBR#NYSE">BSBR</a>) from Neutral to Overweight and lowers the price target from $7 to $6.

News

Upgrades

Price Target

Analyst Ratings

JP Morgan Upgrades Banco Santander to Overweight, Lowers Price Target to $6

<a href="https://www.bloomberg.com/news/articles/2024-10-29/pimco-anchorage-seek-1-13-billion-in-trial-from-santander-pwc">https://www.bloomberg.com/news/articles/2024-10-29/pimco-anchorage-seek-1-13-billion-in-trial-from-santander-pwc</a>
Pacific Investment Management Co is part of a group of plaintiffs seeking &euro;1.13 billion ($1.22 billion) in compensation from Banco Santander SA, PriceWaterhouseCoopers LLP and others as part of seven-year old fight over the collapse of a Spanish bank.

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'Pimco, Anchorage Seek €1.13 Billion In Trial From Santander, PwC' - Bloomberg News

Banco Santander (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSBR#NYSE">BSBR</a>) is gearing up to announce its quarterly earnings on Tuesday, 2024-10-29. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Banco Santander will report an earnings per share (EPS) of $0.17.
Anticipation surrounds Banco Santander's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Historical Earnings Performance</h3>
The company's EPS beat by $0.06 in the last quarter, leading to a 0.33% drop in the share price on the following day.
Here's a look at Banco Santander's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.16</td>
<td>0.14</td>
<td>0.14</td>
<td>0.15</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.22</td>
<td>0.18</td>
<td>0.19</td>
<td>0.03</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.0%</td>
<td>2.0%</td>
<td>-2.0%</td>
<td>2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730124135_0.png" alt="eps graph" />
<h3>Performance of Banco Santander Shares</h3>
Shares of Banco Santander were trading at $5.0 as of October 25. Over the last 52-week period, shares are down 3.88%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/BSBR/earnings">To track all earnings releases for Banco Santander visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

An Overview of Banco Santander's Earnings

Banco Santander (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSBR#NYSE">BSBR</a>) reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.16 by 37.5 percent. This is a 29.41 percent increase over earnings of $0.17 per share from the same period last year. The company reported quarterly sales of $3.825 billion which beat the analyst consensus estimate of $3.556 billion by 7.58 percent. This is a 66.65 percent decrease over sales of $11.470 billion the same period last year.

Earnings Beats

Banco Santander Q2 2024 GAAP EPS $0.22 Beats $0.16 Estimate, Sales $3.825B Beat $3.556B Estimate

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Shares of companies in the broader financial sector are trading lower as stocks fall after hotter-than-expected March inflation data, which has caused rate cut uncertainty.

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Shares of several bank stocks are trading lower after January CPI data showed a greater-than-expected rise in inflation, which increased uncertainty surrounding future rate cuts.

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Shares of bank stocks are trading lower amid overall market weakness after the Federal Reserve left rates unchanged.

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Shares of bank stocks are trading higher amid overall market strength after the Fed left rates unchanged and most Fed officials expect rate cuts in 2024-2026.

In the current market session, Banco Santander Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSBR#NYSE">BSBR</a>) stock price is at $6.21, after a 0.80% decrease. However, over the past month, the company's stock spiked by 7.07%, and in the past year, by 17.84%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2023/1701698411_0.png" alt="Past Year Chart" />

<h3>Evaluating Banco Santander P/E in Comparison to Its Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Compared to the aggregate P/E ratio of 13.07 in the Banks industry, Banco Santander Inc. has a higher P/E ratio of 23.71. Shareholders might be inclined to think that Banco Santander Inc. might perform better than its industry group. It's also possible that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2023/1701698411_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

Markets

A Look Into Banco Santander Inc's Price Over Earnings

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Shares of broader financial stocks are trading higher amid overall market strength after October CPI data showed softer-than-expected inflation.

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