🔴 Banco Santander (Brasil) is trading 5% down today after recurring profit fell 28% year over year

Banco Santander (Brasil) is trading at BRL 24.56, down 5.06%, after third-quarter recurring profit fell 28% year over year.

• The bank reported recurring profit of R$2.9 billion and a return on equity of 11.9%.
• Loan delinquencies rose; analysts also flagged soft revenues and elevated provisions.
• The Ibovespa was down 0.71% at 10:11.