Sifting through countless of stocks in the Banks industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Banco Santander (Brasil) S.A. or ICICI Bank Limited because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how Banco Santander (Brasil) S.A. and ICICI Bank Limited compare based on key financial metrics to determine which better meets your investment needs.

About Banco Santander (Brasil) S.A. and ICICI Bank Limited

Banco Santander (Brasil) S.A., together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. It operates in two segments, Commercial Banking and Global Wholesale Banking. The company offers payment and loyalty products, including credit and debit cards; payroll and real estate loans; home equity financing solutions; microfinance programs; consortiums; agribusiness products, such as credit, securities and other products; call center and digital solutions; nonperforming assets; and insurance products comprising life, personal accident, vehicle, property, and credit insurance, as well as insurance for travel and banking transactions. It also provides emergency solutions for homes, cars, motorcycles, pets, and telemedicine; consumer finance; and corporate and investment banking services, which include cash management, structured trade and working capital solutions, trade and lending, mergers and acquisitions, equity capital markets, investment grade and emerging markets debt, and structured finance, as well as sales markets, market making, energy trading, equities, research, and private debt mobilization and securitization. In addition, the company offers cash management solutions, such as collections, payments, instant payments, and payroll and custody services; advance program, a non-financial platform to support entrepreneurs regarding educational content, certified courses, events focused on management, innovation, internationalization, and team development; customer funding through deposits and other bank funding instruments; and various investments. It offers its products and services through branches, mini-branches, and automated teller machines; call centers; banking correspondents and third-party vendors; and online and mobile banking platforms. The company was founded in 1970 and is headquartered in São Paulo, Brazil.

ICICI Bank Limited, together with its subsidiaries, engages in the provision of various banking and financial services to corporate and retail customers in India and internationally. The company operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others segments. The company offers asset management, securities brokerage, private equity, foreign exchange, agricultural and rural banking, equities underwriting, depositary share accounts, consumer durable goods financing, corporate salary and current account, savings and sovereign gold bonds, insurance policies, public offerings, investment, credit and protection, retail inward remittances, certificates of deposits, and payment and transaction banking products and services. It is also involved in the fee and commission-based activities; distribution of financial products; venture capital and real estate fund management business; treasury and rural banking operations; financial solutions; working capital financing; I-Process services, mutual funds, investment banking, and pension funds; and advisory activities. In addition, the company provides savings, salary, capital gains scheme, Hindu undivided family savings, real estate regulatory authority, government e-marketplace, current, trade, escrow, and foreign currency accounts. Further, it offers personal, home, car, education, gold, automobile, and commercial business loans, as well as loans against time deposits, securities, and property; and working capital loans, as well as credit, debit, prepaid, travel, forex, commercial, and corporate cards. Additionally, the company provides fixed income products; investment products; payments; general, accident, life, health, vehicle, and travel insurance products; cash management and merchant services; capital market and securities market services; and forex, derivatives, bullion, and bonds. The company was founded in 1955 and is headquartered in Mumbai, India.

Latest Banks and Banco Santander (Brasil) S.A., ICICI Bank Limited Stock News

As of September 4, 2026, Banco Santander (Brasil) S.A. had a $22.3 billion market capitalization, compared to the Banks median of $767.9 million. Banco Santander (Brasil) S.A.’s stock is down 2.5% in 2026, up 2.6% in the previous five trading days and up 13.74% in the past year.

Currently, Banco Santander (Brasil) S.A.’s price-earnings ratio is 8.3. Banco Santander (Brasil) S.A.’s trailing 12-month revenue is $9.3 billion with a 28.7% net profit margin. Year-over-year quarterly sales growth most recently was 35.4%. Analysts expect adjusted earnings to reach $0.707 per share for the current fiscal year. Banco Santander (Brasil) S.A. currently has a 7.0% dividend yield.

As of September 4, 2026, ICICI Bank Limited had a $108.2 billion market cap, putting it in the 97th percentile of all stocks. ICICI Bank Limited’s stock is up 1.7% in 2026, up 1.4% in the previous five trading days and down 4.96% in the past year.

Currently, ICICI Bank Limited’s price-earnings ratio is 38.0. ICICI Bank Limited’s trailing 12-month revenue is $21.1 billion with a 27.5% net profit margin. Year-over-year quarterly sales growth most recently was 53.4%. Analysts expect adjusted earnings to reach $1.640 per share for the current fiscal year. ICICI Bank Limited currently has a 0.8% dividend yield.

How We Compare Banco Santander (Brasil) S.A. and ICICI Bank Limited Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Banco Santander (Brasil) S.A. and ICICI Bank Limited’s stock grades to see how they measure up against one another.

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Banco Santander (Brasil) S.A. and ICICI Bank Limited Stock Value Grades

Company	Ticker	Value
Banco Santander (Brasil) S.A.	BSBR	A
ICICI Bank Limited	IBN	B

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection.

Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

Banco Santander (Brasil) S.A. has a Value Score of 98, which is Deep Value. ICICI Bank Limited has a Value Score of 62, which is Value.

The Value Stock Winner: Banco Santander (Brasil) S.A.

As you can clearly see from the Value Grade breakdown above, Banco Santander (Brasil) S.A. is considered to have better value than ICICI Bank Limited. For investors who focus solely on a company’s valuation, Banco Santander (Brasil) S.A. could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Banco Santander (Brasil) S.A. and ICICI Bank Limited’s Momentum Grades

Company	Ticker	Momentum
Banco Santander (Brasil) S.A.	BSBR	C
ICICI Bank Limited	IBN	C

Momentum grades help to uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. Momentum is based on the price change of a stock over a specified period relative to all other stocks.

Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.

Banco Santander (Brasil) S.A. has a Momentum Score of 57, which is Average. ICICI Bank Limited has a Momentum Score of 49, which is Average.

The Momentum Stock Winner: No Clear Winner

Neither Banco Santander (Brasil) S.A. or ICICI Bank Limited has a strong enough Momentum Grade to be considered a “winner.” Investors considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if Banco Santander (Brasil) S.A. or ICICI Bank Limited is the better investment when it comes to momentum.

Banco Santander (Brasil) S.A. and ICICI Bank Limited’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
Banco Santander (Brasil) S.A.	BSBR	D
ICICI Bank Limited	IBN	C

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

Banco Santander (Brasil) S.A. has a Earnings Estimate Score of 27, which is Negative. ICICI Bank Limited has a Earnings Estimate Score of 45, which is Neutral.

The Earnings Estimate Revisions Stock Winner: No Clear Winner

Neither Banco Santander (Brasil) S.A. or ICICI Bank Limited has an Earnings Estimate Revisions Grade that could be considered a “winner.” Investors considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if Banco Santander (Brasil) S.A. or ICICI Bank Limited is the better investment when it comes to estimate revisions.

Other Banco Santander (Brasil) S.A. and ICICI Bank Limited Grades

In addition to Momentum, Value and Estimate Revisions, A+ Investor also provides grades for Growth and Quality.

Growth investing builds on the idea that stocks of companies exhibiting strong, consistent and prolonged growth outperform those of slower-growth companies. AAII measures growth through consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations.

AAII’s A+ Investor Quality Grade comes from the ranking of key metrics. Specifically, the quality grade is the percentile rank of the composite of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and F-Score.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Banco Santander (Brasil) S.A. and ICICI Bank Limited pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Banco Santander (Brasil) S.A. or ICICI Bank Limited Stock?

Overall, Banco Santander (Brasil) S.A. stock has a Value Score of 98, Momentum Score of 57 and Estimate Revisions Score of 27.

ICICI Bank Limited stock has a Value Score of 62, Momentum Score of 49 and Estimate Revisions Score of 45.

Comparing Banco Santander (Brasil) S.A. and ICICI Bank Limited’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.