|Bid||2.4600 x 36900|
|Ask||2.4900 x 28000|
|Day's Range||2.4500 - 2.5600|
|52 Week Range||2.0400 - 5.2500|
|Beta (5Y Monthly)||1.38|
|PE Ratio (TTM)||5.10|
|Earnings Date||Jan 24, 2017 - Jan 31, 2017|
|Forward Dividend & Yield||0.30 (11.27%)|
|Ex-Dividend Date||Oct 29, 2019|
|1y Target Est||4.32|
European hedge funds struggled to navigate the coronavirus-induced extreme market volatility during March, with many down by double-digits in the space of a few weeks as short-selling bans hampered their strategies. Regulators in France, Italy, Belgium and Spain ordered temporary short-selling bans to stop investors betting on a fall in the share price of companies ranging from Spanish bank Santander to Air France-KLM and Italian automaker Fiat Chrysler. Short-selling is a strategy often used by so-called 'event-driven' or 'merger-arbitrage' hedge funds that bet on takeover or merger deals, reducing their risk by shorting, or selling, the acquirer and buying the target company.
Moody´s de México, ("Moody´s") has today assigned A3 and Aaa.mx long-term global local currency (GLC) and Mexican National Scale senior unsecured debt ratings to the two proposed issuances of Certificados Bursátiles Bancarios (BSMX 20 and BSMX 20-2) to be issued by Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander Mexico (Banco Santander México, S.A.) (Santander México). The outlook on the global debt ratings is negative.
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today.
Eastern Bank, Citizens Financial Group and others are launching special initiatives to get money to small businesses struggling or shuttered because of the coronavirus outbreak.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Banco Santander, S.A. (Uruguay) -- (Santander Uruguay) -- and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Big U.S. banks may cut dividends for political rather than financial reasons as a growing chorus of lawmakers, former regulators and consumer advocates say it is inappropriate for them to tap emergency funding programs while paying out cash to shareholders. "That is not enough," said Sheila Bair, former chair of the Federal Deposit Insurance Corp, in an interview on Tuesday.
Overview Stelios Haji-Ioannou, Easyjet Plc's founder and largest shareholder, said the airline's fleet should be reduced to 250 from 344 as airlines worldwide cut costs due to widespread travel curbs imposed to stem the spread of the coronavirus. Banco Santander SA's Chairman, Ana Botin, has committed to reduce her total compensation by 50% for 2020 to back a 25 million euros ($26.92 million) medical equipment fund created by the company to combat the coronavirus outbreak. The UK government has reached out to Amazon.com Inc and other companies about using their services to step up the delivery of coronavirus tests to frontline health workers.
Banco Santander Brasil SA , one of Brazil's top lenders, said on Monday that it would refrain from firing workers "amid the most critical period" of the coronavirus outbreak. The bank, which has roughly 47,000 employees, did not specify what it meant by the "most critical period" of the pandemic. Last week, Santander Brasil said it would furlough part of its workforce for 15 days in Sao Paulo and Rio de Janeiro as it closes some branches in both cities due to the coronavirus outbreak.
Santander US ("Santander") announced today that it is taking important steps across its businesses to assist and support its customers, employees and communities impacted by the Coronavirus pandemic. In addition, Santander has taken numerous precautionary measures to help mitigate the risk of contagion.
Santander chairman Ana Botín has taken a 50 per cent pay cut this year to back a €25m medical equipment fund the Spanish bank is creating to help counter the coronavirus pandemic. The eurozone’s largest lender is also postponing its interim dividend, usually paid in November, and plans to consolidate it with the full-year dividend in May as it attempts to conserve cash ahead of a likely recession caused by the social lockdown across Europe, according to a statement on Monday evening. The Santander board will review the overall 2020 dividend once the “full impact” from coronavirus and the associated collapse in global markets is clearer.
Worst hit is Italy. Close behind is Spain, which said on Saturday that its death toll from the virus-caused Covid-19 illness had reached more than 1,300 after having surpassed 1,000 the previous day. Spain has just completed the first week of a national lockdown.
Banks and their supervisors must remain vigilant in light of the evolving nature of the COVID-19 epidemic to ensure that the global banking system remains financially and operationally resilient, global regulators said on Friday. The Basel Committee of banking supervisors from the world's main financial centres said it held a teleconference on Friday and supported measures taken by members so far.
Many of Mexico's top banking and financial brass are under quarantine or having to work from home after having attended an annual industry bash at a Pacific getaway last week where at least one participant later tested positive for coronavirus. In contrast to much of Latin America, Mexico's government has so far taken a hands-off approach to tackling the fast-spreading virus, letting large-scale events go ahead, including the swanky banking conference in the beach resort of Acapulco and a music festival in Mexico City. Then a high-ranking official at Mexico's central bank tested positive after participating in the convention, which was also attended by the president, finance minister and hundreds of senior bankers.
Banco Santander Brasil SA will put part of its workforce on furlough for 15 days in Sao Paulo and Rio de Janeiro, as it closes part of its branches in both cities due to the coronavirus outbreak, it said on a statement on Thursday. Santander Brasil did not disclose the number of workers on furlough or the number of branches to be closed, starting on March 24.
LISBON/MADRID (Reuters) - The chairman of the Portuguese unit of Spain's largest bank, Santander, Antonio Vieira Monteiro, died from the coronavirus on Wednesday, the second victim of the disease in Portugal, a source familiar with the matter told Reuters. Vieira Monteiro, 73, became chairman of Santander Totta in 2019 after seven years as chief executive. A Santander spokesman confirmed that Vieira Monteiro had died, but would not say if that was from the coronavirus.
The chairman of the Portuguese unit of Spain's largest bank, Santander, Antonio Vieira Monteiro, died from the coronavirus on Wednesday, the second victim of the disease in Portugal, Portuguese newspaper Expresso said. Vieira Monteiro became chairman of Santander Totta in 2012. A Santander spokesman confirmed that Vieira Monteiro had died, but would not say if that was from the coronavirus.
Gold, the dollar and global equity markets rose on Tuesday after the Federal Reserve said it would buy short-term corporate debt directly from companies to help relieve credit markets under strain from the economic impact of the coronavirus epidemic. The renewal of the financial crisis-era Commercial Paper Funding Facility, first used in 2008, will provide a backstop to that market, a key funding source for a range of U.S. businesses that have seen liquidity dry up. The Fed said the Treasury would provide $10 billion of credit protection to the central bank's commercial paper operation.
Gold and a gauge of global equity markets rose on Tuesday after the Federal Reserve said it would buy short-term corporate debt directly from companies to help relieve credit markets under strain from the economic impact of coronavirus epidemic. The renewal of the financial crisis-era Commercial Paper Funding Facility, first used in 2008, will provide a backstop to that market, a key funding source for a range of businesses that have seen liquidity dry.
Moody's Investors Service ("Moody's") has today affirmed all ratings and assessments assigned to Banco Santander (Brasil) S.A. (SANB), including its long and short-term local currency deposit ratings of Ba1 and Not Prime, the long and short-term foreign currency deposit ratings of Ba3 and Not Prime, long and short-term provisional foreign currency senior unsecured MTN ratings of (P)Ba1 and (P)Not Prime, as well as the long and short-term national scale deposit ratings of Aaa.br and BR-1. SANB's ba2 baseline credit assessment (BCA), the ba1 adjusted BCA, the global and national scale counterparty risk ratings, in local and foreign currencies, and the counterparty risk assessments (CRAs) were also affirmed. At the same time, Moody's has affirmed all ratings and the counterparty risk assessments assigned to Banco Santander (Brasil) S.A. -Cayman Branch, including the long and short-term provisional foreign currency senior unsecured MTN ratings of (P)Ba1 and (P)Not Prime.
Regeneron Pharmaceuticals Inc. and Sanofi said Monday said it has initiated a phase 2/3 trial to evaluate Kevzara in patients with severe COVID-19. The companies said it will begin enrolling patients in the trial immediately, with Regeneron leading U.S. trials and Sanofi leading upcoming overseas trials. The U.S.-based double-blind trials will begin in New York. Kevzara is a fully-human monoclonal antibody that inhibits the interleukin-6 (IL-6) pathway. The companies said IL-6 could play a role in causing an overactive inflammatory response in the lungs of patients ill with COVID-19 infection. "We believe that there is scientific evidence to suggest that Kevzara may be a potentially important treatment option for some patients, and this trial will provide the well-controlled, rigorous scientific data we need to determine if IL-6 inhibition with Kevzara is better than current supportive care alone," said John Reed, Sanofi's global head of research and development. Shares of Sanofi fell 11% in premarket trading and Regeneron shed 8.3%, amid a broad-market selloff. Sanofi's U.S.-listed shares have lost 12.4% over the past month through Friday while Regeneron's stock has rallied 16.5%, and the S&P 500 has dropped 19.8%.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
There are now eight countries that have reported at least 1,000 cases of COVID-19 among their residents, including the U.S., France and Germany.
Santander's last head of consumer banking followed his boss to Wells Fargo last month. Now, MUFG Union Bank's head of consumer banking is following his colleague to Santander.