21 hours ago 1

UBS Upgrades Banco Santander Brasil (BSBR) to ‘Buy’ on Improving Profitability

Neha Gupta

Mon, Jun 16, 2025, 9:50 AM 1 min read

Banco Santander Brasil (NYSE:BSBR) is one of the most undervalued financial stocks to buy, according to analysts. On June 11, analysts at UBS upgraded the stock to a 'Buy' from a Neutral with a price target of R$38, up from R$30. The adjustment comes as the analyst firm expects the bank to deliver higher profitability for the current fiscal year.

UBS Upgrades Banco Santander Brasil (BSBR) to 'Buy' on Improving Profitability

A customer at a teller's desk, demonstrating the company's financial services.

Additionally, UBS insists that the stock is currently trading at a discounted valuation, thus offering an attractive opportunity for investors. The bank's diversified earnings and improving profitability set it to continue returning value through buybacks.

The remarks follow the Brazilian bank delivering record first-quarter profit despite facing a challenging macroeconomic environment. Retail profit grew as Banco Santander recorded solid revenue growth and improved efficiency.

Banco Santander Brasil (NYSE:BSBR) is a universal bank in Brazil that operates through retail and wholesale segments. It provides various financial services, including consumer banking, commercial banking, investment banking, lending, and asset management, serving individuals, businesses, corporations, and institutions.

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