SAN Stock Recent News

Santander has appointed former ING executive Ignacio Julia to take over as chief executive of its Spanish business to advance the bank's digital drive.

Cerro de Pasco Resources (CSE:CDPR, OTC:GPPRF) announced that it is selling its Santander Mine in Peru to FIC03 Fondo de Inversión Privado, a Peruvian investment company controlled by Finanzas e Inversiones Corporativas. “The sale of the Santander Mine aligns with our strategy to focus on reducing corporate debt,” CDPR CEO Guy Goulet commented.

Shares of multinational banking giant Banco Santander have been a little soft since my last update, trailing European financials by around ten points in that time. Results for the first half of the year produced records throughout the income statement, with the bank's return on tangible equity still comfortably in the mid-teens area. The recent share price decline puts the stock at just 0.8x tangible book value, with this implying a P/E of just 5x alongside a double-digit dividend-plus-buyback yield.

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to two classes of notes issued by Santander Drive Auto Receivables Trust 2024-S1 ("SDART 2024-S1"), a re-securitization of the certificates and a portion of the Class D notes issued from the Santander Drive Auto Receivables Trust 2021-4 auto loan transaction ("SDART 2021-4" or the "Underlying Securitization Transaction"). SDART 2024-S1 will be collateralized by the SDART 2021-4 certificate (the “Underlying Certificate”), and the Class.

BOSTON--(BUSINESS WIRE)--Santander Bank, N.A. (“Santander Bank” or “the Bank”) announced today the findings of its second Growing Personal Savings (“GPS”) Tracker, a research series exploring Americans' approach to building and managing their savings. While many Americans have been adding to their savings month-over-month, the overall percentage doing so each month dipped in Q2. The survey found expenses stemming from back-to-school shopping and energy costs over the summer will further impact.

Investors looking for stocks in the Banks - Foreign sector might want to consider either Banco Santander (SAN) or Sumitomo Mitsui (SMFG). But which of these two stocks is more attractive to value investors?

Spanish construction firm Sacyr hired Santander and Deutsche Bank as financial advisers to find a partner for new unit Voreantis as a way to raise cash and better compete with larger rivals for contracts in countries such as the United States, a company source told Reuters on Monday.

Banco Santander Brasil reported earnings showing improvement across most fronts after a challenging 2022 and 2023. The Post-pandemic credit cycle led to NPLs for banks, but Santander is recovering thanks to normalized rates. 2Q24 results demonstrated continued improvement in loan book, NPLs, margins, net interest income, and efficiency ratio, making valuation attractive.

Banco Santander (Brasil) expanded loan portfolio in profitable segments with controlled NPL. The recent 15% drop in shares makes P/E more attractive but lacks a margin of safety compared to competitors. The bank needs stronger results, such as an ROE reaching 20%, for a recommendation upgrade.

Banco Santander (SAN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).