Banco Santander Brasil SA (ADR) (BSBR) was Initiated by Citigroup to “Sell”. Citigroup advised their investors in a research report released on Nov 30, 2016.
Many Wall Street Analysts have commented on Banco Santander Brasil SA (ADR). Banco Santander Brasil SA (ADR) was Upgraded by Credit Suisse to ” Neutral” 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.