MarioGuti Shares of Banco Santander (NYSE:SAN) have underwhelmed since I last covered the Spanish multinational banking giant in October. The ADSs have delivered a circa 9% total return in that time, roughly matching domestic-oriented peer CaixaBank (OTCPK:CAIXY)(OTCPK:CIXPF) but trailing similarly Spanish/LatAm-focused BBVA (BBVA) as well as European financials (EUFN) more generally. Data by YCharts I…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Santander expects its profitability to improve this year despite concerns about the health of the global economy, as the Spanish bank’s latest quarterly earnings were helped by a strong performance in Europe. Ana Botín, Santander’s…
Wirestock Dear readers/followers, Banco Santander, S.A. (NYSE:SAN) is a company that I remain invested in at a mid-level. Since my last few articles on the company, this bank has posted a very solid performance that also has seen its valuation climb quite a bit – and, since my last article, the company has outperformed by…
The new partnership with Taurus suggests that Banco Santander anticipates a greater role for crypto in traditional finance. Spanish banking giant Banco Santander is partnering with cryptocurrency asset management platform Taurus to offer its customers custodial services for their digital assets. Banco Santander recently emerged as the only Spanish bank to appear on the 2023…
Santander has made this move while most big banks limit their exposure to decentralized blockchains and the cryptocurrencies running on them. Santander Private Banking International has announced plans to allow its high-net-worth Swiss clients a chance to trade crypto assets. The bank will offer these clients a chance to buy, sell, and hold two major…
BreatheFitness Covering Spanish multinational banking giant Banco Santander (NYSE:SAN) early last year, I argued that while the shares were cheap, they may underperform European peers with better capital returns potential like ING (NYSE:ING) and BBVA (NYSE:BBVA). That call has worked out nicely, with SAN materially trailing both those tickers albeit still returning a decent 25%…
Lux Blue Santander (NYSE:SAN) is a pretty interesting pick right now in the European banking space. They have not been traditionally known for IB, but they are hiring pretty aggressively and trying to up their profile. The IB performance was good at Santander, and there is quite a lot of latent earnings growth in the…