SAN.MC - Banco Santander, S.A.

MCE - MCE Delayed Price. Currency in EUR
3.4845
-0.0060 (-0.17%)
At close: 5:35PM CEST
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Previous Close3.4905
Open3.4900
Bid3.4800 x N/A
Ask3.4835 x N/A
Day's Range3.4800 - 3.5425
52 Week Range3.4210 - 4.6820
Volume27,972,012
Avg. Volume48,172,266
Market Cap56.576B
Beta (3Y Monthly)1.48
PE Ratio (TTM)8.46
EPS (TTM)0.4120
Earnings DateOct 30, 2019
Forward Dividend & Yield0.23 (6.59%)
Ex-Dividend Date2019-04-29
1y Target EstN/A
  • Santander shift in mortgage business leads to layoffs in Villanova
    American City Business Journals

    Santander shift in mortgage business leads to layoffs in Villanova

    Santander said the change will allow the bank to focus on originating and servicing mortgage loans in-house.

  • Banco Santander-Chile (BSAC) Q2 2019 Earnings Call Transcript
    Motley Fool

    Banco Santander-Chile (BSAC) Q2 2019 Earnings Call Transcript

    BSAC earnings call for the period ending June 30, 2019.

  • Thomson Reuters StreetEvents

    Edited Transcript of SAN.MC earnings conference call or presentation 23-Jul-19 8:30am GMT

    Q2 2019 Banco Santander SA Earnings Call

  • Moody's

    Zurich Santander Seguros Uruguay S.A. -- Moody's announces completion of a periodic review of ratings of Zurich Santander Seguros Uruguay S.A.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Zurich Santander Seguros Uruguay S.A. New York, August 08, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Zurich Santander Seguros Uruguay S.A. and other ratings that are associated with the same analytical unit. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Ken Fisher Curbs Total, ING Groep Stakes
    GuruFocus.com

    Ken Fisher Curbs Total, ING Groep Stakes

    The guru's largest sales of the 2nd quarter Continue reading...

  • Evertec Inc (EVTC) Q2 2019 Earnings Call Transcript
    Motley Fool

    Evertec Inc (EVTC) Q2 2019 Earnings Call Transcript

    EVTC earnings call for the period ending June 30, 2019.

  • Reuters

    UPDATE 1-Santander Brasil launches card processing service using rivals' machines

    Banco Santander Brasil SA launched a service on Thursday that allows small merchants to capture payment transactions through its card processor company GetNet without buying the bank's card reader machine. The bank targets nearly 4 million clients that currently use their own card reader machines or those made by rivals. GetNet aims to gain between 300,000 and 400,000 new clients through this migration.

  • Santander escalates war of words with Orcel in court battle
    Reuters

    Santander escalates war of words with Orcel in court battle

    MADRID/LONDON (Reuters) - Santander has accused Andrea Orcel, who is suing the Spanish bank for 100 million euros ($111 million) after it withdrew an offer to make him its chief executive, of "dubious ethical and moral behaviour". Orcel, one of Europe's most high-profile bankers, filed a lawsuit in Madrid this month claiming breach of contract. Orcel has alleged that a four-page letter written in September in which Santander offered him the job, along with a stock and bonus package to compensate for deferred pay he risked losing by quitting UBS, is legally binding.

  • Moody's

    NB Finance Ltd. -- Moody's takes rating actions on Portuguese banks

    Moody's Investors Service has today taken rating actions on six Portuguese banking groups, prompted by the rating agency's change of the banking Macro Profile of Portugal (Baa3 stable) to "Moderate+" from "Moderate" in combination with the continued improvement in the banks' credit fundamentals, notably asset risk. - Upgrade of Caixa Geral de Depositos, S.A.'s (CGD) deposit ratings to Baa3/Prime-3 from Ba1/Not Prime and affirmation of the bank's senior unsecured debt ratings at Ba1. The outlook on the long-term deposit ratings remains stable, the outlook on the senior unsecured debt ratings has been changed to stable from negative.

  • Reuters

    UPDATE 2-'Following the fintechs' Santander Brasil to launch online loans

    Banco Santander Brasil SA will launch an online platform in September, allowing Brazilians to borrow funds using a wide range of collateral, from their homes to motorcycles, Chief Executive Officer Sergio Rial told journalists on Tuesday. Rial said the move - the first among major banks in Brazil - is aimed at offering cheaper loans for consumers with useable collateral. The announcement came days after Japan's SoftBank Group Corp led a $231 million financing round for Brazilian lending platform Creditas, which has specialized in loans secured by assets.

  • Santander Profit Hit by Charges for Job Cuts, Restructuring
    Bloomberg

    Santander Profit Hit by Charges for Job Cuts, Restructuring

    (Bloomberg) -- It looks like Banco Santander SA picked the right time to grow in Latin America.The Spanish lender’s surging businesses there delivered second-quarter profit growth that made up for a lackluster performance in Europe. Shareholders on Tuesday approved a capital increase to buy out the 25% of the bank’s Mexican unit that it doesn’t already own, continuing its expansion in the region.As years of low interest rates weigh on the profits of European peers, Santander is leaning ever more on Latin America, where it seeks to benefit from growing populations, including many people who are using banking services for the first time. The results highlight the diverging fortunes of the bank’s business as North and South America account for a rising share of underlying earnings with Brazil, the bank’s main profit driver, rising 19%.Underlying profit at the Madrid-based lender rose 5% to 2.1 billion euros ($2.4 billion) in the three months through June, the best quarterly performance in eight years, according to Chairman Ana Botin. The results would have been even better if Brazil’s real hadn’t fallen against the euro.Meanwhile, the lender’s European business is marked by cost reductions, branch closures and a long struggle to improve profitability at its U.K. unit. Santander is cutting more than 3,000 jobs and shuttering duplicate branches in Spain as part of the integration of Banco Popular Espanol, contributing to a 706 million euro charge in the second quarter that caused net income to drop by 18%. The bank is also pulling back in the U.K. and Poland.Sweet SpotWhile Santander’s 658 billion euros of deposits in Europe are more than twice the total of the Americas, the latter accounts for 55% of the group’s underlying profit.Santander rose as much as 3% in Madrid trading and was up 2.9% at 4.10 euros as of 11:38 a.m.“The evolution of countries in Latin America continues to be a vital support,” said Nuria Alvarez, an analyst at Renta 4 Banco in Madrid. That’s “in spite of the complicated environment that they have in the U.K and in Spain.”The bet on Latin America looks likely to continue and even increase. On Tuesday, the bank’s shareholders voted to approve a 2.6 billion euro capital increase to fund the purchase of the Mexican unit stake. The business had a 13% market share in Mexico at the end of 2018.Santander is rolling out a digital-banking app, designed to capture low income customers who have never had an account, in Mexico and Chile after piloting the service in Brazil.In Spain, underlying profit was virtually flat, held back by stagnant net interest income and fees. Santander’s U.K. unit continued to struggle with regulations that oblige the bank to separate its investment arms from retail banking. Net income at the British business fell to 327 million euros in the second quarter compared with 375 million euros a year ago.The job reductions are part of a global plan to reduce annual costs by 1.2 billion euros, with most of the cutbacks coming in Europe.Here are some highlights from Santander’s second-quarter report:Net income fell 18% year-on-year to 1.39 billion euros, beating the analyst consensus of 1.27 billion euros.The bank’s fully-loaded and phased in CET1 ratio was 11.3% , in line with its medium-term targetNet interest income of 8.95 billion euros in the second quarter beat the consensus of 8.77 billion euros(Updates with details of Mexico buyback in seventh paragraph.)To contact the reporter on this story: Charlie Devereux in Madrid at cdevereux3@bloomberg.netTo contact the editors responsible for this story: Dale Crofts at dcrofts@bloomberg.net, Ross LarsenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • UPDATE 2-Automakers lift European shares to more than two-week high
    Reuters

    UPDATE 2-Automakers lift European shares to more than two-week high

    A surge in automakers and strong earnings from Europe's banking heavyweights lifted the main STOXX 600 index to its highest level in more than two weeks on Tuesday, with investors taking political upheaval in Britain and Spain in their stride. The pan-European benchmark closed at its highest since July 4 as automakers rallied 3.8% for their strongest performance since early January. "Industrials are up because they are cheap and unloved and none of them produced bad enough numbers," said Toby Clothier, co-head of Global Thematic Group at Mirabaud Securities in London.

  • Ripple adoption gets another boost after Santander bank launches new payment corridor
    Decrypt

    Ripple adoption gets another boost after Santander bank launches new payment corridor

    Customers in the UK and Poland can now transfer up to 10,000 euros via the One Pay FX iOS app instantly.

  • Deutsche Bank 'buried their head in the sand': Analyst
    Yahoo Finance

    Deutsche Bank 'buried their head in the sand': Analyst

    As Deutsche Bank begins a major restructuring effort, Kevin Doran, CIO at AJ Bell, says the bank has "very much buried their head in the sand for easily a decade now."

  • Reuters

    UPDATE 2-Santander faces 100 mln euro claim over withdrawn CEO job offer - sources

    MADRID/LONDON, July 3 (Reuters) - Santander faces a 100 million euro ($113 million) claim by Andrea Orcel, one of Europe's best-known investment bankers, after the Spanish bank offered him the job of chief executive but withdrew it when it could not meet his pay demands. Santander will have about 20 days to respond to a civil lawsuit which 56-year old Orcel plans to file in Madrid, sources familiar with the matter told Reuters on Wednesday. "Orcel is claiming 100 million euros as part of a civil lawsuit for a breach of contract," said one of the sources, speaking on condition of anonymity.