Dallas, Texas 08/26/2014 (FINANCIALSTRENDS) – Banco Santander (Brasil) S.A.(NYSE:BSBR), one of the most popular service banks in Brazil, has been in the middle of much political turmoil in recent times now. The weak performance has resulted in some of the analyst firms covering the stock placing it under a neutral rating, a step down from previous higher ratings.
The result of these downward revisions, have definitely not set good workable trends for this player. The financial sector sagas for banking service provider, Banco Santander (Brasil) S.A.(NYSE:BSBR) have resulted in several ups and downs. Incidentally during the same period, the stock also saw positive rating by Monroe Capital moving the stock to Buy.
In recent weeks the bank has been working steadily towards better performance through a range of revised programs and tweaks.
Banco Santander (Brasil) S.A.(NYSE:BSBR) has been operating its various segments which include the commercial banking, as well as the wholesale banking and asset management services.
The bank is known to offer a wide-range of insurance services as well has been reigning in on some of the services, while allowing room for further improvement with those it wishes to retain.
But the most important impact in recent times has been mixed ratings by professional analysts groups which has affected the lot of the banking stock’s prospects.
Other bank operators in this sector too have been affected by the overall negative commentary of analysts on operators in this segment. Investors who read and interpret analysis in terms of the returns they want are continuing to remain away from this banking service. The returns for these financial sector plays is indeed under pressure given the interest rates which continue to limit the bandwidth for operations of these regional players.