Sabadell shareholders on Wednesday unanimously approved the sale of its British unit TSB in what is seen as defensive play as it seeks to stop BBVA's around 15 billion euro ($17.36 billion) hostile takeover bid.
The German reinsurer Hannover Re is exiting the investor consortium behind Viridium Group, and will be replaced by Santander Insurance and the family office of the co-founders of Partners Group, the companies announced on Friday.
Banco Santander Brasil's loan book is flat in real terms, but the risk mix is rising with more exposure to consumer finance and SMEs amid tightening credit. NPLs and write-offs are increasing, especially in SME lending, signaling credit stress as Brazil's macro environment cools. Valuation is fair for now with a 16% earnings yield, but short-term downside risk exists if the credit cycle worsens...
I recommend holding Santander Brasil shares after Q2 2025 results, which showed mixed performance and fell short of market expectations. The bank remains conservative with modest loan growth, slight improvement in delinquency rates, and strong expense management amid a challenging macroeconomic backdrop. Valuation appears cheap, but peers like Itaú and Banco do Brasil offer more attractive risk...
Banco Santander has continued to perform strongly, with the ADSs returning another ~25% since my last update in May. This takes their year-to-date return to nearly 100%. Q2 results saw the bank deliver another record net profit, even as lower interest rates weigh on parts of its business. The stock has re-rated to a rich-looking premium to tangible book value, albeit the bank continues to earn ...
Banco Santander, S.A. (NYSE:SAN ) H1 2025 Earnings Call July 30, 2025 4:00 AM ET Company Participants Hector Blas Grisi Checa - Group CEO & Executive Director Jose Antonio Garcia-Cantera - Senior EVP & Group Chief Financial Officer Raul Sinha - Corporate Participant Conference Call Participants Alvaro Serrano Saenz de Tejada - Morgan Stanley, Research Division Andrea Filtri - Mediobanca—Banca d...
Banco Santander Brasil on Wednesday reported a second-quarter net profit of 3.66 billion reais ($656.61 million), up 9.8% from a year earlier.
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