Foreign Money Centre Banks: Banco Santander (NYSE:SAN), Barclays PLC (NYSE:BCS), UBS AG (NYSE:UBS), Banco Latinoamericano Comerc Exterior SA (NYSE:BLX)

Posted by on Apr 28, 2014

Banco Santander Brasil SA (ADR) (NYSE:BSBR), a Brazil-based bank with $21 billion in market cap, seeks to expand its market share in Brazil’s banking and financial space. Although the company, recently divested several of its businesses namely asset management and insurance, the desire to gain greater control of the market is leading it back to making an acquisition. Banco Santander, S.A. (ADR) (NYSE:SAN) shares after opening at $9.75 moved to $9.77 on last trade day and at the end of the day closed at $9.72. Company price to sales ratio in past twelve months was calculated as 3.08 and price to cash ratio as 0.28. Banco Santander, S.A. (ADR) (NYSE:SAN) showed a negative weekly performance of -1.02%.

For nearly three hours on last Thursday, shareholders of Barclays PLC (ADR) (NYSE:BCS) aired their grievances with the British bank’s top management, ranging from complaints about the security of debit cards to the length of the lines to get into its annual meeting. Barclays PLC (ADR) (NYSE:BCS) shares fell -0.83% in last trading session and ended the day on $16.79. BCS return on equity ratio is recorded as -0.20%. Barclays PLC (ADR) (NYSE:BCS) yearly performance is 3.20%.

UBS AG (NYSE:UBS) Investment Bank on 2 April announced coupon payments for thirteen ETRACS exchange-traded notes (the “ETNs”), all traded on the NYSE Arca. UBS AG (NYSE:UBS) shares moved down -1.27% in last trading session and was closed at $20.28, while trading in range of $20.23 – $20.39. UBS AG (NYSE:UBS) year to date (YTD) performance is 5.35%.

Zacks upgraded shares of Banco Latinoamericano Comerc Exterior SA (NYSE:BLX) from an underperform rating to a neutral rating in a report issued on Tuesday, Stock Ratings reports. They currently have $27.30 target price on the stock. Banco Latinoamericano Comerc Exterior SA (NYSE:BLX) weekly performance is -0.58%. On last trading day company shares ended up $25.83. Banco Latinoamericano Comerc Exterior SA (NYSE:BLX) distance from 50-day simple moving average (SMA50) is -0.22%. Analysts mean target price for the company is $30.67.

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