Itaú BBA Revises Bank Ratings: Key Upgrades and Downgrades

Itaú BBA revised its bank ratings, notably upgrading Santander Brasil (SANB11) and Banrisul (BRSR6) to buy. Santander Brasil emerged as BBA’s top pick among large Brazilian banks, with a year-end 2024 target price of R$ 33 per share. The report notes valuations at 1.1 times Price/Book Value, with fast earnings growth and an expected 17% […]