Brazilian Stocks Slip After Santander Results

2026-02-04 13:45 By Isabela Couto 1 min. read

The Ibovespa fell more than 0.5% to hover around 184,500 on Wednesday, pressured by muted results from Santander Brasil.

Santander fell more than 3% after posting profits slightly above expectations but citing a “challenging macroeconomic scenario,” while concerns over asset quality weighed on sentiment.

Itaú slipped nearly 1% despite optimistic earnings guidance, as bank stocks broadly declined, with Banco do Brasil and Bradesco both down 1.3%.

Other laggards included WEG (-2.6%) and Vivo (-0.8%).

In contrast, Vale edged up 0.3% despite softer iron ore prices.



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