Banco Santander (Brasil) S.A. shares rise 1.31% intraday after announcing a share repurchase program.

Banco Santander (Brasil) S.A. rose 1.31% in intraday trading, with the company announcing a share repurchase program. The program involves repurchasing up to 37,463,477 units, representing approximately 1% of its issued capital. The purpose of the share repurchase is to maximize value creation for shareholders through efficient capital structure management and to enable the payment of officers, directors, management-level employees, and other employees of the company and its subsidiaries.