Foreign Regional Banks: Itau Unibanco Holding (NYSE:ITUB), Banco Bradesco SA (NYSE:BBD), Sumitomo Mitsui Financial Grp (NYSE:SMFG), Banco Santander Brasil (NYSE:BSBR)

Posted by on Apr 28, 2014

Itau Unibanco Holding SA (ADR) (NYSE:ITUB) is scheduled to provide an earnings report on 4/30/2014, for the fiscal quarter ending Mar2014. The consensus earnings per share forecast is 0.38 per share, which represents a 39 percent increase over the EPS one Year Ago. Itau Unibanco Holding SA (ADR) (NYSE:ITUB) shares after opening at $16.26 moved to $16.42 on last trade day and at the end of the day closed at $16.38. Company price to sales ratio in past twelve months was calculated as 2.80. Itau Unibanco Holding SA (ADR) (NYSE:ITUB) showed a positive weekly performance of 3.93%.

Recently, Banco Bradesco SA (ADR) (NYSE:BBD) released its 1Q2014 results. Adjusted Net Income for 1Q2014 stood at R$ 3.47 billion, up by 18% from R$2.94 billion as recorded in the same period of FY2013. Banco Bradesco SA (ADR) (NYSE:BBD) shares fell -1.52% in last trading session and ended the day on $14.89. Banco Bradesco SA (ADR) (NYSE:BBD) yearly performance is -5.70%.

As reported by Zacks, the current mean recommendation for Sumitomo Mitsui Financial Grp, Inc. (ADR) (NYSE:SMFG) is in the “strong buy range”. Sumitomo Mitsui Financial Grp, Inc. (ADR) (NYSE:SMFG) shares moved down -1.26% in last trading session and was closed at $7.85, while trading in range of $7.80 – $7.89. Sumitomo Mitsui Financial Grp, Inc. (ADR) (NYSE:SMFG) year to date (YTD) performance is -25.17%.

Banco Santander (Brasil) S.A. (NYSE:BSBR), a banking company, could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well. These positive earnings estimate revisions suggest that analysts are becoming more optimistic on BSBR’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames, suggesting that Banco Santander could be a solid choice for investors. Banco Santander Brasil SA (ADR) (NYSE:BSBR) weekly performance is 0.35%. On last trading day company shares ended up $5.73. Banco Santander Brasil SA (ADR) (NYSE:BSBR) distance from 50-day simple moving average (SMA50) is 9.65%. Analysts mean target price for the company is $5.93.

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