Orlando, FL -- (SBWIRE) -- 08/23/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Banco Santander (Brasil) SA(ADR)(NYSE:BSBR), FMC Technologies, Inc.(NYSE:FTI).
Banco Santander (Brasil) SA(ADR)(NYSE:BSBR) shares gained 0.69% to $5.83. The company is considering acquisitions to strengthen its real estate and payroll-deductible loan portfolios, Chief Executive Jesús Zabalza told journalists on July 30. Earlier in the day, the local affiliate of Spain's Banco Santander reported a stronger-than-expected profit in the second quarter as a sharp decline in defaults allowed the bank to cut bad-loan provisions.
Additionally, the company on May 13 announced that following the announcements made on February 22, 2011 and July 14, 2011, in relation to the sale of the total shares of its wholly owned subsidiary Zurich Santander Brasil Seguros e Previdencia SA (current name Santander Seguros SA) (Zurich Santander Seguros) to Zurich Santander Insurance America SL (current name of ZS Insurance America SL), a holding company located in Spain whose 51% stake is held by Zurich Financial Services Ltd and its affiliated companies and 49% by Banco Santander SA, the Company’s controlling shareholder, the total value of the transaction was of BRL 2,744,990,429.98 resulting in a price reduction of BRL 6,567,142.00.
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FMC Technologies, Inc.(NYSE:FTI) shares closed at $54.72. FTI’s stock was upgraded by research analysts at Societe Generale from a “hold” rating to a “buy” rating in a report released on August 23. The firm currently has a $65.00 price objective on the stock.
Additionally, the company released its earnings data on July 23. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.47 by $0.01. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.64 billion.
Moreover, the company on July 26 announced that it has been awarded a contract by Petrobras (NYSE: PBR, PBRA) to supply three subsea boosting stations for the Parque das Baleias development, located offshore Brazil'sEspirito Santostate in the Campos Basin. The contract has an estimated value of $40 million.
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