Latest news with #BancoSantander
Yahoo
9 hours ago
- Business
- Yahoo
Banco Santander, S.A. (SAN) Boosts UK Presence With TSB Bank Acquisition
Banco Santander, S.A. (NYSE:SAN) is among the 13 Best Booming Stocks to Buy Now. On July 1, the company announced that it had reached an agreement to acquire a 100% stake in TSB Banking Group plc in an all-cash transaction for £2.65 billion, subject to approval from Sabadell's shareholders. A view of a large corporate office building, illuminated at night to show its power and reach. The acquisition will bolster the Spanish lender's presence in the UK, with an inflow of approximately 5 million TSB customers, who keep around £35 billion in deposits. The combined entity will enable Banco Santander, S.A. (NYSE:SAN) to become the third-largest bank in the country by personal current account balances. The takeover comes at a time when Banco Santander, S.A. (NYSE:SAN)'s UK business is booking subpar profits compared to its overall returns. Earlier this year, Reuters reported that the bank was reviewing its presence in the country, with a pullback being among the options. Ana Botín, Banco Santander, S.A. (NYSE:SAN)'s executive chair, stated the following on the acquisition: 'The acquisition of TSB represents a continuing strategic commitment to our customers in the UK, offering a compelling opportunity that is financially attractive to our shareholders and aligned with Santander's long-term objectives. It strengthens our franchise in a core market through the acquisition of a low-risk and complementary business that adds to our diversification.' Banco Santander, S.A. (NYSE:SAN) is a Spanish multinational financial services company, offering services such as deposits, mutual funds, current and savings accounts, loans, and various other financing solutions. The stock has returned 99% so far in 2025. While we acknowledge the potential of SAN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Best German Stocks to Invest in Now and Goldman Sachs Stock Portfolio: 10 Large-Cap Stocks To Buy. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
10 hours ago
- Business
- Bloomberg
Goldman Leads Purchase of About €460 Million of Santander Loans
By and Esteban Duarte Save Goldman Sachs Group Inc. agreed to buy about €460 million ($534 million) in Spanish mortgages from Banco Santander SA, according to people familiar with the matter. The US bank is acquiring the loans along with other investors, including Pacific Investment Management Co., some of the people said. All asked not to be named discussing private information.
Business Insider
11 hours ago
- Business
- Business Insider
Barclays Reaffirms Their Buy Rating on Banco Santander (BNC)
Barclays analyst Cecilia Romero maintained a Buy rating on Banco Santander on July 15 and set a price target of €8.20. The company's shares closed yesterday at p619.00. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Romero covers the Financial sector, focusing on stocks such as Banco Santander, Banco Comercial Portugues, and Banco de Sabadell. According to TipRanks, Romero has an average return of 21.8% and an 80.56% success rate on recommended stocks. In addition to Barclays, Banco Santander also received a Buy from Goldman Sachs's Chris Hallam in a report issued on July 14. However, on July 11, J.P. Morgan maintained a Hold rating on Banco Santander (LSE: BNC). BNC market cap is currently £93.13B and has a P/E ratio of 8.60. Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is neutral on the stock.
Yahoo
13 hours ago
- Business
- Yahoo
Banco Santander, S.A. (SAN) Is A European Bank That's Not A Loser, Says Jim Cramer
We recently published . Banco Santander, S.A. (NYSE:SAN) is one of the stocks Jim Cramer recently discussed. Banco Santander, S.A. (NYSE:SAN) is one of Cramer's favorite European and banking stocks. The shares have gained 89% year-to-date, and the CNBC host had started to express his optimism in January, well before the recent share price movement. Banco Santander, S.A. (NYSE:SAN)'s stock has benefited from an overall growing interest in European markets due to uncertainty in America and from strong earnings. Cramer's previous comments have praised the firm's Ana Botin, and he kept the praise this time too: 'Okay so David, there's another bank, European bank, not a loser. . . .Banco Santander, Ana Botin, stock's up 88%. Uh Jamie's up 20%. Well, which would you rather own? A view of a large corporate office building, illuminated at night to show its power and reach. Earlier, he shed light on some of the driving factors behind the shares: 'Long time Cramer fave, Banco Santander, which is the second-best performing in the index (IBEX 35), up almost 52% for the year. Hey, by the way, Santander's American Deposit Receipts, SAN for you home gamers, are up almost 50% since we last spoke to Executive Chair Ana Botín back in October. Due to an embrace of technology and a knowledge of the consumer worldwide, Botín has built a powerhouse that's the envy of Europe. They just did a really smart transaction in Poland last week… Many reasons I'm partial to Santander, symbol, SAN.' While we acknowledge the potential of SAN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
2 days ago
- Business
- Yahoo
Botin: Openbank is a 'Major Step' for US Strategy
Ana Botin, Banco Santander Executive Chair, says Openbank is a major step for their US strategy and is great for their shareholders. She speaks with Sonali Basak on 'Bloomberg Markets.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
