Banco Santander

Banco Santander purchased GE Money Bank, GE Money Bank, GE Capital's consumer finance business in Sweden, Norway and Denmark, for 700 million euros ($950 million) in 2014.

GE Money Bank

Banco Santander SA is a banking services company, which engages in the provision of banking services to individuals, companies, and institutions. It operates through the following segments: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking, Wealth Management & Insurance, Payments, and Corporate Centre. The Retail & Commercial Banking segment integrates the retail banking business (individuals) and commercial banking (SMEs and corporates), except for the consumer finance and the cards businesses. The Digital Consumer Bank segment includes Santander Consumer Finance, which incorporates the entire consumer finance business in Europe, Openbank, and ODS. The Corporate & Investment Banking segment includes Markets, Investment Banking (Global Debt Finance and Corporate Finance) and Global Transactional Banking, offers products and services on a global scale to corporate and institutional customers, and collaborates with other global businesses to better serve broad customer base. The Wealth Management & Insurance segment includes the asset management business (Santander Asset Management), the corporate unit of Private Banking and International Private Banking in Miami and Switzerland and the insurance business (Santander Insurance). The Payments segment involves in the digital payment's solutions, providing global technology solutions for banks and new customers in the open market. The Corporate Centre segment includes the centralized activities relating to equity stakes in financial companies, financial management of the structural exchange rate position. The company was founded on March 21, 1857 and is headquartered in Madrid, Spain.

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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.

Banco Santander: Record H1 Results Met With A Cheaper Valuation

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.

KBRA Assigns Preliminary Ratings to Santander Drive Auto Receivables Trust 2024-S1

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.

U.S. Consumers Could Ease Expense Pressures by Earning More Interest on Savings, Santander Bank Survey Finds

Sumitomo Mitsui Financial Group

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?

SAN vs. SMFG: Which Stock Is the Better Value Option?

Deutsche Bank

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.

Sacyr hires Santander and Deutsche Bank as advisers to find partner

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) Is Recovering And Has Become An Opportunity

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 (Brasil) Q2: Raising The Recommendation To Hold

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).

All You Need to Know About Banco Santander (SAN) Rating Upgrade to Strong Buy

Bank7 Corp

Silvercorp Metals

SAN, BSVN and SVM made it to the Zacks Rank #1 (Strong Buy) value stocks list on July 25, 2024.

Best Value Stocks to Buy for July 25th

Banco Santander, S.A. (NYSE:SAN ) Q2 2024 Earnings Conference Call July 23, 2024 4:00 AM ET Company Participants Begona Morenes - Director, IR Hector Grisi - CEO Jose Garcia - CFO Conference Call Participants Sofie Peterzens - JPMorgan Ignacio Ulargui - BNP Paribas Alvaro Serrano - Morgan Stanley Marta Sanchez Romero - Citi Francisco Riquel - Alantra Alvaro Fernandez-Garayzabal - UBS Benjamin Toms - RBC Carlos Peixoto - CaixaBank, BPI Begona Morenes Good morning, everybody, and welcome to Banco Santander's Conference Call to discuss our Financial Results for the First Half of 2024.

Banco Santander, S.A. (SAN) Q2 2024 Earnings Call Transcript

Santander Brasil's second-quarter recurring net profit jumped 44.3% on a yearly basis, the bank reported on Wednesday, topping market forecasts helped by higher lending and fees.

Santander Brasil's net profit up 44% in Q2, beating forecasts

High-street lender Banco Santander (LSE:BNC) recorded a better-than-expected profit of €6.06 billion (£5.1 billion) for the first half of 2024, marking a 16% increase from the same period last year. The Spanish bank said net interest income reached a record €23.46 billion, driven by growth across Retail, Corporate and Wealth sectors.

Santander sets ambitious growth targets after pleasing first half

Santander (BME: SAN) share price continued its strong rebound on Wednesday as investors reacted to the company's financial results. It has risen for three consecutive days, reaching a high of €4.65, its highest point since June 11th.

Santander share price outlook after its half-year earnings

The company's net profit attributable to the parent group came in at 3.207 billion euros ($3.48 million), in line with a consensus from analysts polled by Reuters. The bank's ratios also firmed, with its fully-loaded CET1 ratio (a measure of a bank's solvency) up from 12.3% in the March quarter to 12.5% in the three months to June.

Spain's Santander posts 20% hike in net profit as retail business shines

Spain's Santander said on Wednesday its net profit in the second quarter rose 20% compared to the same period in 2023 thanks to a solid performance of its retail business.

Santander's Q2 net profit rises 20% compared to same period in 2023

Strong operating performance in 1Q24 shows Santander's turnaround strategy is working well, with potential for further growth. Santander's trajectory is positive, outperforming S&P500 averages with improved fundamentals and earnings growth. Despite risks from exposure to Latin America, Santander remains attractively priced and continues to outperform.

Outperforming The Average With Santander

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Banco Santander (SAN) Stock Undervalued Right Now?

NEW YORK, July 22, 2024 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating Banco Santander, S.A. (“Banco Santander”) (NYSE:SAN) for potential violations of the federal securities laws. The firm's investigation is in connection with the recent Financial Times newspaper report that Iran used accounts held at Banco Santander to covertly move money around the world as part of a sanctions-evading scheme.

Lowey Dannenberg, P.C. is Investigating Banco Santander, S.A.

Ebury, the cross-border payments group majority owned by Spanish lender Santander, has appointed Goldman Sachs to work on its upcoming initial public offering on the London Stock Exchange, according to a Financial Times report. News emerged of Ebury's planned £2 billion float back in March, with a debut planned sometime in 2025.

Santander-backed Ebury appoints Goldman Sachs for London IPO

CrowdStrike

Banks worldwide are fixing issues from a global IT outage caused by a CrowdStrike update. British banks like Santander and Metro Bank faced ATM service disruptions on Friday.

Banks scramble to repair the damage caused by Crowdstrike IT outage

Investors interested in stocks from the Banks - Foreign sector have probably already heard of Banco Santander (SAN) and Sumitomo Mitsui (SMFG). But which of these two stocks is more attractive to value investors?

SAN or SMFG: Which Is the Better Value Stock Right Now?

AEGON

AEG and SAN made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 9, 2024.

Best Income Stocks to Buy for July 9th

Immersion

Veolia Environnement SA

SAN, VEOEY and IMMR made it to the Zacks Rank #1 (Strong Buy) value stocks list on July 5, 2024.

Best Value Stocks to Buy for July 5th

BOSTON--(BUSINESS WIRE)--The Board of Governors of the Federal Reserve System (the “Federal Reserve”) informed Santander Holdings USA, Inc. (“SHUSA”) on June 26, 2024, of SHUSA's updated stress capital buffer (“SCB”) requirement, which becomes effective on October 1, 2024. SHUSA's updated SCB will be 3.5% of its Common Equity Tier 1 capital (CET1) resulting in an overall CET1 capital requirement of 8.0%. SHUSA's strong capitalization supports our planned capital actions and the updated SCB is c.

Santander Holdings USA, Inc. Announces 2024 Stress Capital Buffer

OKLAHOMA CITY--(BUSINESS WIRE)-- #FedermanSherwood--Federman & Sherwood Investigates Santander Holdings U.S.A., Inc. for Data Breach.

News for Banco Santander Stock (SAN)