SAN - Banco Santander, S.A.

NYSE - NYSE Delayed Price. Currency in USD
-0.0500 (-1.06%)
At close: 4:00PM EST

4.64 -0.02 (-0.43%)
After hours: 4:38PM EST

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Previous Close4.7100
Bid4.60 x 317000
Ask4.75 x 301500
Day's Range4.6600 - 4.7350
52 Week Range4.2100 - 7.1000
Avg. Volume7,810,183
Market Cap75.488B
Beta (3Y Monthly)0.75
PE Ratio (TTM)9.67
EPS (TTM)0.48
Earnings DateJan 25, 2017 - Feb 1, 2017
Forward Dividend & Yield0.30 (6.37%)
Ex-Dividend Date2019-01-30
1y Target Est6.10
Trade prices are not sourced from all markets
  • Reuters3 hours ago

    Brazil licenses auto lender by Santander, Hyundai

    A new Brazilian auto lender operated by Hyundai Capital Services Inc and Banco Santander Brasil SA has been granted a license, the country's central bank said on Thursday. The bank, called Banco Hyundai, ...

  • Reutersyesterday

    Italy's Terna taps Santander to raise cash for Latam business - sources

    MILAN/LONDON (Reuters) - Italian power grid operator Terna has hired Spanish bank Santander to scout investors that could plough cash into its transmission businesses in Brazil, Peru and Uruguay, four sources familiar with the matter told Reuters. Terna could raise 200 million to 300 million euros from the process, two of the sources said. The process kicked off recently and aims to raise funds to help Terna strengthen its footprint in Latin America, the sources said.

  • Reuters2 days ago

    Petrobras hires Santander to revive LPG unit sale -sources

    Brazil oil company Petroleo Brasileiro SA has hired the investment banking unit of Banco Santander Brasil SA to revive efforts to sell its liquefied petroleum gas (LPG) distribution unit, four sources with knowledge of the matter said on Tuesday. Petrobras, as the state-controlled company is known, had agreed in 2016 to sell Liquigas Distribuidora SA to local rival Ultrapar Participações SA in a process managed by the investment banking unit of Itau Unibanco Holding SA.

  • The Wall Street Journal3 days ago

    [$$] When Investing Is About the CEO’s Goodwill

    Buyers, it is easy to argue, should read the terms and conditions next time instead of relying on the issuer to follow market custom. Banco Santander is under no obligation to buy back the bonds on the first date allowed—next month—but it isn’t required to pay a coupon, either. This is no small matter: CoCos underpin bank capital in Europe and much of the world outside the U.S.

  • Moody's3 days ago

    MBS BANCAJA 6, FTA -- Moody's downgrades ratings in MBS BANCAJA 6, FTA

    The rating action reflects the replacement of Banco Santander S.A. (Spain) (A2, LT Bank Deposits (Domestic)) with Bankia, S.A. (Baa2, LT Bank Deposits (Domestic)) as issuer account bank. The rating action is prompted by the change of issuer account bank provider in the transaction from Banco Santander S.A. (Spain) to Bankia, S.A. Bankia, S.A. was appointed as the new issuer account bank via an amendment to the original Treasury Account Agreement, taking over the function of issuer account bank for the transaction substantially under the same terms as agreed with the previous issuer account bank. The Credit Ratings for this rating action were assigned in accordance with Moody's existing Methodology entitled "Moody's Approach to Rating RMBS Using the MILAN Framework" dated 11 September 2017.

  • Bloomberg6 days ago

    Surprise! Refinancing Complex Debt Instruments Is Hard

    (Bloomberg) -- When Banco Santander SA skipped a call date on bonds this week, unnerving sentiment in the $340 billion market for risky bank debt, it also highlighted a conundrum that bedevils all CoCo issuers: refinancing them is a lot trickier than for plain-vanilla bonds.

  • Financial Times6 days ago

    [$$] Santander move exposes the riskiest class of debt

    Santander’s decision not to exercise its call seems to be based entirely on financial gain, and not on some vague dark motivations. AT1 holders are not only short a call, but also more gravely, they are short a put. If and when the euro area sovereign and banking crisis resurfaces, these investors will look back at Santander’s decision as the good old days.

  • Financial Times7 days ago

    [$$] A selection of the FT’s biggest stories and best reads every weekend

    Every Tuesday, alarms sound throughout San Francisco to test the city’s natural disaster warning system. Reassuringly, they’ve never been used in an actual emergency but the Bay Area is overdue a huge earthquake. Perhaps living with this knowledge is what makes San Franciscans such a hardy bunch.

  • Bond Buyers Move on After Santander Shock
    Bloomberg7 days ago

    Bond Buyers Move on After Santander Shock

    Svenska Handelsbanken AB amassed more than $4.5 billion of bids as it became the first bank to offer new CoCos since Santander rattled markets a couple of days ago. “Whilst Santander’s approach to their AT1 instruments was shambolic, it has not spooked the market,” said Paul Smillie, a credit analyst at ColumbiaThreadneedle.

  • The Wall Street Journal8 days ago

    [$$] Talking Markets: Investors in Riskiest Bank Debt Face Perpetual Trap

    SA (SAN.MC) is poised to test the riskiest bank debt in the market for a second time in May, potentially triggering a significant repricing of the bonds as investors broadly realize they could be perpetually stuck with this type of banks’ debt. Santander sent shock waves across the Additional Tier 1 market after deciding late Tuesday not to repurchase 1.5 billion euros ($1.7 billion) in perpetual contingent-convertible bonds, known as CoCos, priced at a 6.25% coupon, at their first redemption date on March 12. Investors have traditionally priced CoCos with the expectation that they will be called at the first opportunity and Santander’s mixed communications prior to Tuesday’s deadline led many to think it would do so.

  • Financial Times8 days ago

    [$$] How Santander kept a $200bn bond market guessing

    as its chief executive may have seized the headlines in recent weeks, but the Spanish lender’s decision to not honour a “gentleman’s agreement” in the bank bond market could prove more consequential. of a €1.5bn capital bond, defying the expectations of many analysts who had argued just a week earlier that such an outcome was a near certainty. against Santander over the bank’s rescinded offer, aggrieved bondholders who saw the value of their debt fall sharply have no such recourse: the bank had absolutely no obligation to repay — or “call” — the bond at this time.

  • CNBC8 days ago

    Santander's shock bond move is controversial but not contagious, analysts say

    The Spanish bank's 1.5 billion euro ($1.7 billion) contingent convertible bond, or CoCo bond, was eligible for early repayment which is usually exercised in the financial world. Santander's decision this week has left debt investors with a dilemma. Santander SAN-ES 's decision to not repay investors on a special type of bond this week may have surprised investors, but analysts have told CNBC that any fears of financial stress in the market are unfounded.

  • Bloomberg8 days ago

    Santander's CoCo Bond Creates All Kinds of Trouble

    Spain’s biggest bank, Banco Santander SA, chose to wait until the last available moment to tell holders that it wasn’t going to redeem a particular 1.5 billion euro ($1.7 billion) bond after all. The note in question was a so-called Additional Tier 1 (an AT1 or CoCo for short) and it’s accepted practice in the market to call these bonds on their redemption date.

  • Santander CoCos Rebound as Investors Swallow Call Letdown
    Bloomberg9 days ago

    Santander CoCos Rebound as Investors Swallow Call Letdown

    The rebound may reflect investors shifting focus to CoCos’ large yields and Santander’s capital position rather than the upending of market expectations that banks will call perpetual bonds at the first opportunity. Investors may also see little wider market impact from Santander’s decision due to pricing difference between banks’ CoCos and the fact that the Spanish bank wasn’t reacting to any company or market stresses. The overall cost works out at about 5.53 percent, as the new rate is 541 basis points above the five-year euro swap rate, which is currently 12.5 basis points.

  • The Wall Street Journal9 days ago

    [$$] Santander Bond Move Unnerves Bank-Debt Investors

    Santander said it wouldn’t redeem a risky kind of bank debt, a move analysts said could ripple across a largely untested corner of the bond market.

  • Financial Times9 days ago

    [$$] Revisiting a Deutsche bank controversy

    This Deutsche bank bond no longer exists, but at the height of the financial crisis it sparked a controversy across European markets. What happened then is worth comparing with the furore this week over Santander’s failure to call – or repay – one of its bonds. The Deutsche bond was issued in 2004, and classified as “lower tier 2 capital”.

  • Santander Gives Bond Investors a Nasty Surprise
    Bloomberg9 days ago

    Santander Gives Bond Investors a Nasty Surprise

    The announcement came late Tuesday, right at the deadline for a decision, after the bank kept investors in the dark for weeks regarding the call option and in the aftermath of another deal, a sale of dollar AT1 notes on Wednesday. “The handling of the situation was truly disastrous,” said Timothee Pubellier, a portfolio manager at Financiere de LA Cite SAS, which holds Santander CoCos. The Spanish bank opted against a call due to an “obligation to assess the economics and balance the interests of all investors,” a company spokesman said in an email.

  • PR Newswire9 days ago

    Santander Consumer USA and Chrysler Capital each offer $10,000 grand prize in 'Go Paperless' campaign

    DALLAS, Feb. 12, 2019 /PRNewswire/ -- Santander Consumer USA ("SC") and Chrysler Capital are offering eligible1 customers who sign up for paperless statements as of April 1, 2019, the chance to win a $10,000 grand prize or one of five $500 prizes for each brand. When eligible1 Santander Consumer USA and Chrysler Capital customers enroll in e-statements at the appropriate website, they will be automatically entered into the sweepstakes. Eligible Santander Consumer USA and Chrysler Capital customers who already are enrolled in e-statements, also known as electronic or paperless statements, will be entered as well.

  • Santander Bank Promotes Robert Cerminaro to Commercial Banking Market Director for New England
    PR Newswire9 days ago

    Santander Bank Promotes Robert Cerminaro to Commercial Banking Market Director for New England

    BOSTON , Feb. 12, 2019 /PRNewswire/ -- Santander Bank today announced that Robert Cerminaro has been promoted to Commercial Banking market director for New England. He is responsible for managing and growing ...

  • Pocketing 1,000% Markup, Venezuelans Smuggle Out Precious Food
    Bloomberg9 days ago

    Pocketing 1,000% Markup, Venezuelans Smuggle Out Precious Food

    Market shelves in the scruffy Colombian town of Puerto Santander are loaded with Venezuelan maize flour, rice, cheese spread and more, heavily subsidized consumer goods smuggled by government officials and ordinary citizens alike and sold at big mark-ups. Gasoline is ferried from Venezuela too, as people cash in on the arbitrage opportunities created by extreme price distortions. The spectacle of food being spirited out of a country where hunger is becoming epidemic shows in microcosm how Maduro’s socialist government has created an economic and humanitarian disaster.

  • Bloomberg10 days ago

    Santander CoCo Decision Day as Holders Await Potential Call

    The Spanish bank’s 1.5 billion euro ($1.7 billion) issue of contingent convertible is trading around 98.5 cents, suggesting investors are still unsure whether Santander will use an option to redeem the notes at par on March 12. Santander must issue a notice on Tuesday if it plans to exercise the call option. A Santander spokesman declined to comment when contacted by Bloomberg News.

  • GlobeNewswire10 days ago

    Sanofi appoints Ameet Nathwani Chief Digital Officer

    February 12, 2019 - Sanofi has appointed Ameet Nathwani, M.D. as Chief Digital Officer in addition to his current role of Executive Vice President, Chief Medical Officer. As Chief Digital Officer, Dr. Nathwani will be responsible for enhancing Sanofi's strategy to integrate digital technologies and medical science to ultimately improve patient outcomes.

  • Financial Times10 days ago

    [$$] Santander shocks market with bond decision

    Santander has decided against early repayment of a €1.5bn capital bond, defying investors’ expectations in a move that threatens to rattle Europe’s $200bn market for riskier bank debt. At the same time, the hunt for yield has led fixed-income investors to take on the extra risk the bonds bring. The Spanish lender’s decision to not repay — or “call” — the bond is also the first such instance in the additional tier 1 (AT1) bond market, the riskiest class of bank debt that regulators introduced after the financial crisis to shore up banks’ balance sheets.

  • Bloomberg11 days ago

    Brazil’s Next Central Bank Chief Has a Long Family History

    While Roberto Campos Neto, whose Senate approval for the leadership post is expected later this month, hasn’t made clear where he might take monetary policy in Latin America’s biggest economy, clues can be found by looking to his grandfather and namesake, Roberto Campos. “Campos Neto was very close to his grandfather, who was his main mentor,” said Alexandre Aoude, a friend of the nominee who used to run Deutsche Bank AG’s Brazil unit.