Banco Santander Brasil SA (ADR) (BSBR) was Upgraded by Credit Suisse to ” Neutral”. Earlier the firm had a rating of “Underperform ” on the company shares. Credit Suisse advised their investors in a research report released on Oct 17, 2016.
Banco Santander (Brasil) S.A. (Santander Brasil) indirectly controlled by Banco Santander S.A. is an institution of the financial and non-financial group. The Bank operates as a multiple Bank and through its subsidiaries. The Bank operates through two segments: Commercial Banking and Global Wholesale Banking which operates with commercial investment credit and financing and exchange mortgage lending leasing credit cards and securities brokerage. The Commercial Banking segment encompasses the commercial banking business (except for the Corporate Banking business managed 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.