SAN - Banco Santander, S.A.

NYSE - NYSE Delayed Price. Currency in USD
5.14
-0.08 (-1.53%)
At close: 4:00PM EDT
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Previous Close5.22
Open5.13
Bid5.15 x 38500
Ask5.14 x 36200
Day's Range5.09 - 5.17
52 Week Range4.21 - 6.82
Volume8,228,969
Avg. Volume7,998,712
Market Cap83.906B
Beta (3Y Monthly)0.66
PE Ratio (TTM)10.66
EPS (TTM)0.48
Earnings DateJan 25, 2017 - Feb 1, 2017
Forward Dividend & Yield0.30 (6.44%)
Ex-Dividend Date2019-01-30
1y Target Est6.05
Trade prices are not sourced from all markets
  • Santander Bank and Greater Providence Chamber of Commerce Host 19th Annual Economic Outlook Breakfast for Rhode Island Business Community
    PR Newswire3 days ago

    Santander Bank and Greater Providence Chamber of Commerce Host 19th Annual Economic Outlook Breakfast for Rhode Island Business Community

    BOSTON, April 18, 2019 /PRNewswire/ -- Santander Bank and the Greater Providence Chamber of Commerce (GPCC) today hosted their 19th consecutive Economic Outlook Breakfast for Rhode Island's business community. This annual event gives business and civic leaders a forum to discuss the local economy and the changing dynamics of Rhode Island. "This meeting attracts leaders from a variety of industries across the city and gives us a better understanding of how we can stimulate the Rhode Island economy and ensure that Providence remains a desirable city in which to live and work," said Michael Lee, member of Santander Bank's Executive Management Committee.

  • Santander suspends issuing new credit cards due to overcharges
    American City Business Journals4 days ago

    Santander suspends issuing new credit cards due to overcharges

    Santander Bank has confirmed to the Business Journal that it suspended issuing new credit cards in March after it charged some customers a higher interest rate than agreed to, a misstep that could potentially trigger punishment by regulators.

  • Moody's4 days ago

    Santander Retail Auto Lease Trust 2019-A -- Moody's Assigns Definitive Ratings to Santander Retail Auto Lease Trust 2019-A Notes

    Moody's Investors Service ("Moody's") has assigned definitive ratings to the notes issued by Santander Retail Auto Lease Trust 2019-A (SRT 2019-A). Losses could decline from Moody's original expectations as a result of a lower number of obligor defaults or appreciation in the value of the vehicles securing an obligor's promise of payment.

  • Reuters5 days ago

    European banks Credit Agricole and Santander team up in asset services

    France's Credit Agricole and Spain's Santander plan to combine their custody and asset servicing operations, in a deal that could point the way for European banks to achieve scale without the complexity of a full merger. The new business will have around $3.8 trillion (£2.9 trillion) of assets under custody, closing the gap on European leaders and providing scope for savings and cost reductions. Credit Agricole will own 69.5 percent of the merged unit, which will keep the brand name of Agricole's existing asset management arm - Caceis.

  • Financial Times5 days ago

    Crédit Agricole and Santander unveil $3.8tn custody tie-up

    French bank Crédit Agricole has agreed to take over the global custody operations of its Spanish rival Banco Santander to create a new business with $3.8tn of assets as European lenders join forces to achieve greater scale. Crédit Agricole will own 69.5 per cent and Santander 30.5 per cent of the new entity, which will include the Spanish lender’s S3 custody businesses in Spain, Brazil, Mexico and Colombia as well as the French bank’s operations, known as CACEIS. It will have €3.3tn in assets under custody and €1.8bn in assets under administration, with a strong presence in fast-growing Latin America, the companies said in statements on Wednesday.

  • Reuters5 days ago

    Brazil's Petrobras hires JPMorgan, Citi to manage BR Distribuidora offering -sources

    State-run oil company Petroleo Brasileiro SA has hired nine banks to manage an offering of shares in its fuel distribution unit Petrobras Distribuidora SA, three sources with knowledge of the matter said. The offering will be led by the investment banking units of JPMorgan Chase & Co and Citigroup Inc, along with the investment banks owned by Itau Unibanco Holding SA , Banco Bradesco SA, Bank of America Corp , Credit Suisse Group AG, Banco do Brasil SA , Banco Santander Brasil SA and HSBC Holdings Plc.

  • TheStreet.com5 days ago

    What Is SWIFT and How Is It Used in 2019?

    The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the network that banks and other financial institutions use for transferring information securely. Most major financial institutions use SWIFT, as it is considered the gold standard for reliable and secure financial messaging. Originally founded in the 1970s, SWIFT was created when banks around the world decided to collaborate to solve the problem of cross-border payments.

  • Santander Says CoCo Convention Is for the Birds
    Bloomberg6 days ago

    Santander Says CoCo Convention Is for the Birds

    The bank infuriated many of its debt-holders back in February, when it chose to break an established convention and not redeem (or “call,” to use the industry parlance) a similar 1.5 billion euro note, known as a perpetual contingent convertible (or CoCo for short). There has also always been an unwritten rule – in Europe, at least – that they would be called by the issuer on or before their expected redemption date, offering investors some certainty. Given all of this, some market commentators are interpreting Santander’s decision this week to call a separate $1.5 billion (dollar-denominated) CoCo as some kind of olive branch to debt investors.

  • Reuters9 days ago

    Santander seeks full ownership of Mexican business with $2.9 billion deal

    SANTANDER, Spain/MEXICO CITY (Reuters) - Santander has offered to take full control of its Mexican business through a 2.6 billion euro (£2.3 billion) all-share deal as the Spanish bank chases potentially higher returns available from Latin America. The deal proposed on Friday, which was broadly welcomed by analysts but described as "oppressive" by a major investor, will unwind Santander's listing of 25% of the bank on the Mexican stock exchange in 2012. While record-low interest rates have prevailed across the euro zone for the past 10 years, benchmark rates in Mexico stand at 8.25%, the highest since the 2008 global financial crisis.

  • Reuters9 days ago

    Santander seeks full ownership of Mexican business with $2.9 bln deal

    SANTANDER, Spain/MEXICO CITY, April 12 (Reuters) - Santander has offered to take full control of its Mexican business through a 2.6 billion euro ($2.9 billion) all-share deal as the Spanish bank chases potentially higher returns available from Latin America. The deal proposed on Friday, which was broadly welcomed by analysts but described as "oppressive" by a major investor, will unwind Santander's listing of 25% of the bank on the Mexican stock exchange in 2012. While record-low interest rates have prevailed across the euro zone for the past 10 years, benchmark rates in Mexico stand at 8.25%, the highest since the 2008 global financial crisis.

  • Reuters9 days ago

    European shares end higher boosted by banks and auto stocks

    Banks and the auto sector were the biggest boosts to the benchmark on the day. Italy's MIB led gains in the region with its 0.8 percent rise, having hit an eight-month high earlier the session, while German shares closed up 0.5 percent. Data showed that China's exports rebounded to a five-month high in March, but imports shrank for a fourth straight month and at a faster pace, painting a mixed picture of the economy.

  • Reuters10 days ago

    Santander to book first-quarter charges of 100 million euros in UK and Poland

    SANTANDER, Spain (Reuters) - Santander will book charges of 100 million euros (£86.5 million) in the first quarter as part of its ongoing cost cuts in the United Kingdom and Poland that involve branch ...

  • Reuters10 days ago

    European shares edge lower as Unicredit, Banco Santander fall

    European shares ticked lower on Friday, dragged down by banks, while lingering worries over global growth kept investors on edge before the crucial earnings season in the United States. The pan-European STOXX 600 index was down 0.2 percent at 0718 GMT, on track to end the week lower after two weeks of gains. Concern about sluggish global growth were reinforced this week by central banks in the euro zone and United States, which maintained their dovish stances and separately warned of risks to the world economy.

  • Financial Times10 days ago

    Santander seeks to take control of Mexican unit with €2.5bn offer

    Banco Santander is attempting to take full control of if its Mexican subsidiary in an all-stock deal worth roughly €2.5bn, as the Madrid-based lender seeks to boost its exposure to fast-growing economies in Latin America.

  • IBM Stock Is On Its Last Legs — Sell, Sell, Sell!
    InvestorPlace10 days ago

    IBM Stock Is On Its Last Legs — Sell, Sell, Sell!

    It's been a roller-coaster ride for shares of International Business Machines (NYSE:IBM) over the past several months. In late 2018, amid a broader market selloff, IBM stock dropped to near-decade lows below $110, after falling more than 30% over the course of two months. But at $110, IBM stock was simply far too undervalued. Thus, as broader financial markets have rebounded in 2019 amid stabilizing economic fundamentals, IBM stock has rallied, too. Year-to-date, IBM stock is up 25%.Source: Shutterstock For IBM stock, that's a massive rally. This is a stock that has been stuck in a consistent downtrend for the past five years. As such, this year's 29% rally is actually one of the biggest rallies that IBM stock has staged in the last several years.The overriding question now: can it last?InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Dow Jones Stocks Holding the Blue Chip Index Back I'm not convinced. I was bullish on IBM stock in late 2018 since the valuation was out of whack with fundamentals. Specifically, you had a stock trading at multi-year low valuation levels with a multi-year high yield. This dynamic occurred amid improving fundamentals which implied that profit growth was going to return to the picture. Today, the fundamentals are still improving, and this company looks due for consistent profit growth over the next several years. But the current valuation appropriately reflects that growth outlook, so further upside is limited.Consequently, this surprising 2019 rally in IBM stock seems to be on its last legs. Late-2018 buyers may want to do some profit taking here in early 2019. The Outlook Continues to ImproveThe story at IBM has been pretty bad for several years. Revenue growth has been consistently negative as the company was slow to pivot to the AI, cloud, and data markets. Furthermore, it has consequently been losing share in its legacy IT business. Margins have concurrently dropped amid stiffer competition in this space. Profits have been falling. IBM stock has been falling, too.But there have been signs of gradual improvement over the past several quarters.Specifically, the company has continued to push more aggressively into the cloud and AI markets. Subsequently, robust growth in these new businesses has largely offset declines in the legacy IT segment. Revenue growth rates have improved. Last year, constant currency-adjusted revenue growth was flat year-over-year for the first time since 2012. Meanwhile, thanks to these stabilizing revenue trends, margins have stabilized. Plus, pre-tax profit margins have been hugging the 17.5% level for three consecutive years now, after several consecutive years of huge declines.These improvements should persist throughout 2019, mostly because the cloud and AI businesses remain on fire. Of note in 2019, IBM has announced a wide-ranging AI collaboration project with food giant McCormick (NYSE:MKC), formed a new 5G cloud-tech venture with Vodafone (NASDAQ:VOD), and scored a big IT deal with Juniper Networks (NYSE:JNPR). IBM has also landed a $700 million IT contract with Spanish bank Banco Santander (NYSE:SAN).Broadly speaking, then, it appears that IBM's cloud and AI businesses remain on track. So long as this remains true, then IBM is positioned to flip into positive revenue-growth territory soon. The Valuation Reflects RealityAt this point in time, the valuation underlying IBM stock fully accounts for renewed revenue and profit growth. Therefore, it doesn't leave much room for nearer-term upside.When you look at IBM, you have a business that won't grow by much over the next several years. At best, robust cloud growth and legacy IT market-share losses largely offset one another. At best, they produce tepid revenue growth of 0% to 1%. Meanwhile, margins should improve as revenue declines turn into revenue growth. But such improvements will be largely mitigated by competition in the broader IT market.Consequently, IBM projects as a slow revenue grower with mild margin expansion potential over the next several years. Modeling that out, I think IBM can do about $15 in earnings per share by fiscal 2025. IBM stock's trailing five-year average, forward price-to-earnings multiple is 10. But, over the past five years, revenues and margins were in free fall. Over the next five years, they should rise, albeit slowly.As such, IBM stock deserves more than its historical average 10x forward multiple, but less than the market average 16 forward multiple. Using the midpoint of these two metrics, a reasonable fiscal 2024 price target of IBM stock is $195. Discounted back by 6% per year (4 points below my normal 10% discount rate to account for the yield), that equates to a fiscal 2019 price target of just over $145.That's roughly where IBM stock trades today. Thus, upside over the next several months looks limited. Bottom Line on IBM StockIn late 2018, IBM stock fell into deeply undervalued territory. That was the time to buy. Now, the stock has rallied more than 30% off those lows, and IBM stock is now in fairly valued territory. As such, late-2018 dip buyers may turn into early 2019 rally sellers. That's a real risk for the stock going forward.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Best Dividend Stocks to Buy for Every Investor * 7 Catalysts That Will Send Marijuana Stocks Soaring in 2019 * 8 Risky Stocks to Watch as Earnings Season Kicks Off Compare Brokers The post IBM Stock Is On Its Last Legs -- Sell, Sell, Sell! appeared first on InvestorPlace.

  • Is Banco Santander (SAN) Stock Undervalued Right Now?
    Zacks13 days ago

    Is Banco Santander (SAN) Stock Undervalued Right Now?

    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.

  • Brazil Is Leading Revival of Latin America's Local Debt Markets
    Bloomberg13 days ago

    Brazil Is Leading Revival of Latin America's Local Debt Markets

    Almost 40 percent of the $140 billion in corporate bonds issued in the region last year were denominated in local currencies, the highest percentage since 2012, according to data from Fitch Ratings. Already this year, Brazilian oil giant Petrobras placed almost $1 billion worth of real-denominated bonds and Banco Santander Chile retapped the first-ever floating-rate peso bond sold in the local market. Finance chiefs slashed international debt sales almost 40 percent in 2018 as they avoided the costs of hedging against a strong U.S dollar.

  • Reuters18 days ago

    Santander Brasil CEO Sergio Rial to head South America business

    Banco Santander Brasil SA Chief Executive Sergio Rial will also become the bank's regional head for South America, the Spanish bank said on Wednesday, as it seeks to ramp up growth in its key emerging market region. The change will see Rial, who has overseen robust growth at Santander's Brazilian unit, assuming additional responsibility over the Andean region, Argentina, Uruguay and Chile, the bank said in a statement. As part of Santander's plans to better integrate its operations, it will seek to turn its Brazilian card processor GetNet into a global business, starting in Mexico and then launching it in the rest of Latin America and Europe.

  • Moody's18 days ago

    Santander Retail Auto Lease Trust 2019-A -- Moody's Assigns Provisional Ratings to Santander Retail Auto Lease Trust 2019-A Notes

    Moody's Investors Service (Moody's) has assigned provisional ratings to the notes to be issued by Santander Retail Auto Lease Trust 2019-A (SRT 2019-A). Losses could decline from Moody's original expectations as a result of a lower number of obligor defaults or appreciation in the value of the vehicles securing an obligor's promise of payment.

  • Top Ranked Value Stocks to Buy for April 3rd
    Zacks18 days ago

    Top Ranked Value Stocks to Buy for April 3rd

    Top Ranked Value Stocks to Buy for April 3rd

  • Santander Exec Chairman: Running one of the largest bank that most never heard of
    CNBC Videos5 days ago

    Santander Exec Chairman: Running one of the largest bank that most never heard of

    Jim Cramer chats with Santander Executive Chairman Ana Botin, who leads the international bank of about 144 million members.

  • All European businesses need scale, Santander chairman says
    CNBC Videos18 days ago

    All European businesses need scale, Santander chairman says

    Santander Executive Chairman Ana Botin discusses the European economy.