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Santander Brasil ROE Plunges to 12.5% as Increased Provisions Sink Q2 Profit

Banco Santander Brasil (SANB11) missed consensus estimates with R$3.0 billion recurring net income, driving its ROE down to 12.5%.

By Marcus Wright

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Santander Brasil ROE Plunges to 12.5% as Increased Provisions Sink Q2 Profit
Source: Simplus Menegati / Wikimedia Commons (CC BY-SA 4.0)

Banco Santander Brasil (SANB11) missed consensus estimates with R$3.0 billion recurring net income, driving its ROE down to 12.5%.

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