Dossier
SANB11
Coverage of SANB11 in the Nexus archive.
- Santander’s Brazil Unit Falls So Far Behind, a Buyout Is in Play
Santander Brasil units (SANB11) have fallen 21% in 2026, the worst performance among Brazil’s largest banks. Meanwhile, the Spanish parent company’s shares rose 24%, making it continental Europe’s most valuable bank. The valuation gap between the two entities is the widest since Brazil’s records began.