Darren SissonsBanco Santander Brasil SABSBRPARTIAL BUYMar 04, 2025
The operating environment in Spain is supportive. A well-run, growth bank. Interest rates have bottomed and are moving up. Not banging the table on this, but he likes it long term.
$6 seems to be an old resistance point and maybe new support. It has to hold $6 or it will probably fall to $5.50 and you don't want to see it fall further. But if it bounces at $6, then buy.
Brazilian politics now European banks are moving higher and better to buy than this. Doesn't want Latin American exposure now given the politics in Brazil. In fact, sell and get out of Brazil.
Likes having exposure to Latin and middle America. This one is a good play, but not sure what their exposure is to Greece, Portugal or Ireland in terms of bond holdings.
The operating environment in Spain is supportive. A well-run, growth bank. Interest rates have bottomed and are moving up. Not banging the table on this, but he likes it long term.