|Bid||5.636 x 103900|
|Ask||5.637 x 5360800|
|Day's Range||5.622 - 5.673|
|52 Week Range||4.787 - 6.246|
|PE Ratio (TTM)||13.23|
|Earnings Date||Jan 31, 2018|
|Forward Dividend & Yield||0.24 (3.84%)|
|1y Target Est||N/A|
Rating Action: Moody's upgrades ratings in 3 tranches in SANTANDER EMPRESAS 2, FTA and SANTANDER EMPRESAS 3, FTA. Global Credit Research- 18 Dec 2017. London, 18 December 2017-- Moody's Investors Service, ...
Announcement: Moody's: Chilean midsized bank report shows Bci will remain more profitable than peers despite increased competition following mergers. Global Credit Research- 15 Dec 2017. Mexico, December ...
European shares lagged their U.S. peers and closed in negative territory on Thursday, as a busy day of central bank meetings failed to provide momentum even though the European Central Bank raised its growth and inflation forecasts. Europe's STOXX 600 ended the day down 0.46 percent, while U.S. stocks climbed higher in morning trading, boosted by news that a long-awaited tax cutting bill should face final votes in Congress before the year-end. "The only reason for U.S. stocks to overperform today is the hope of a tax reform", said Nicolas Cheron, head of research at Binck, adding that investors were typically cautious at this time of the year before often heading into a "Christmas rally".
Poland's Bank Zachodni WBK agreed on Thursday to buy local assets from Deutsche Bank for 1.29 billion zlotys (£269.9 million) to close the gap on the country's No.2 lender Bank Pekao. In November, sources familiar with the matter told Reuters the euro zone's biggest bank Santander - which owns BZ WBK - was in exclusive talks to buy the bulk of Deutsche Bank's business in Poland. BZ WBK said on Thursday it had agreed to buy the German bank's Polish retail business, excluding its foreign currency credit portfolio.
Rating Action: Moody's Upgrades Santander Bank, N.A. and Banco Santander Puerto Rico's senior and subordinate debt ratings. Global Credit Research- 13 Dec 2017. Action anticipates further issuance of loss-absorbing ...
Britain's smaller banks are lining up to apply for multi-million pound grants the government hopes will help them compete in the corporate banking market. For years the government has wanted to reduce the dominance of big banks in the small-to medium-sized business (SME) banking sector.
Rating Action: Moody's affirms Bci ratings with a negative outlook following acquisition announcement of Floridian TotalBank. Global Credit Research- 07 Dec 2017. New York, December 07, 2017-- Moody's ...
European shares edged up on Thursday as financial and tech stocks recovered, while troubled furniture retailer Steinhoff sank further, stung by an accounting scandal. Euro zone stocks once again performed better than the broader pan-European STOXX 600 index as UK stocks slipped. "In the world, the sector with the biggest potential to grow from here in earnings is probably continental European banks," said Kevin Gardiner, global investment strategist at Rothschild Wealth.
SAO PAULO (Reuters) - The asset management arms of Banco Santander SA and JPMorgan Chase & Co have signed a partnership in Brazil, both companies said in a statement on Tuesday. JP Morgan Asset Management ...
Banco Santander has reached an agreement with unions to reduce the number of staff affected by planned job cuts relating to the integration of Banco Popular by around 900, a union said on Tuesday. Santander was originally planning more than 2,000 job cuts, of which 575 the bank was looking to accommodate within its other businesses, the Comisiones Obreras union said in early November. Santander declined to comment on Tuesday.
The asset management arms of Banco Santander SA and JPMorgan Chase & Co have signed a partnership in Brazil, both companies said in a statement on Tuesday. JP Morgan Asset Management will transfer management ...
The Bank of England considered raising banks' capital requirements last week by more than it had previously signalled to tackle risks to the financial system including those from Brexit, the BoE said on Tuesday. Britain's banks have had to triple the capital they hold as a cushion against potential losses since the 2007-09 financial crisis which plunged the country into a recession, and the BoE is keen to ensure they are well-protected against future risks. Last week the BoE increased British banks' counter-cyclical capital buffer to 1 percent from 0.5 percent.
City National Bank has agreed to purchase Miami-based TotalBank in a $528 million all-cash deal from Banco Santander of Spain. The merger, if approved by regulators, means City National will become the third-largest bank based in Florida. The deal comes nearly six months after TotalBank's Spanish parent company, Banco Popular, was acquired by Banco Santander (SAN) for the nominal consideration of one euro.
Banco Santander said on Friday it had sold its U.S. unit Totalbank to Chile's BCI for $528 million as part of moves to sell non-core assets it inherited when it bought Banco Popular. BCI owns City National Bank of Florida and had been in talks with TotalBank's former owner Banco Popular before it was acquired by Santander, sources have told Reuters.
The law firm acting for a group of junior bondholders in Banco Popular, who saw their instruments effectively wiped out on June 7 when the Spanish lender was resolved, has criticised the likely reappointment of Elke Konig as chair of the Single Resolution Board. On Monday the European Parliamentary Committee on Economic and Monetary Affairs is scheduled to meet to discuss Konig’s reappointment as her initial three-year term comes to an end. The SRB was responsible, alongside the EC, European Central Bank and the local Spanish banking authorities, in deciding on the resolution of Popular.
Banco Santander (SAN) to take goodwill impairment charge of 600 million euros in Q4 results. Yet, it maintains dividend and EPS goals for 2017 and 2018.
European stocks jump to the highest level in almost three weeks on Wednesday, boosted by a rally in the region’s bank shares after incoming U.S. Federal Reserve chairman Jerome Powell said he hopes to ...
A group campaigning for compensation to almost a shareholders in Bradford and Bingley, the UK bank nationalized in 2008, has alleged that the UK government was guilty of "gross misfeasance" and possibly unlawful financial assistance to a non-UK bank, as it uncovers a Bank of England transcript.
Spain's BBVA said on Wednesday it had agreed to sell 80 percent of its real estate business to U.S. fund Cerberus for 4 billion euros (£3.53 billion), showing how investor enthusiasm for Spanish property is reviving. A burst property bubble in 2008 sent Spain into a downturn that lasted nearly five years, causing mass unemployment and prompting a more-than 40-billion-euro bailout for the country's banks. The BBVA real estate assets included in the deal have a gross book value of some 13 billion euros, Spain's second largest bank said in a statement.
Spain's BBVA said on Wednesday it had agreed to sell 80 percent of its real estate business to U.S. fund Cerberus for 4 billion euros ($5 billion), showing how investor enthusiasm for Spanish property is reviving. A burst property bubble in 2008 sent Spain into a downturn that lasted nearly five years, causing mass unemployment and prompting a more-than 40-billion-euro bailout for the country's banks. The BBVA real estate assets included in the deal have a gross book value of some 13 billion euros, Spain's second largest bank said in a statement.
Spain's largest bank Santander said it would take an impairment charge of 600 million euros (532 million pounds), mostly due to its U.S. consumer finance group, a move it said would hit fourth quarter earnings. The decision follows a review of the bank's goodwill and is driven by a fall in earnings at Santander Consumer USA Holdings relative to previous years, Santander said in a statement late on Tuesday. Santander said that the sale of Allfunds Bank, partly to funds GIC and Hellman & Friedman and partly to Warburg Pincus and General Atlantic, would reduce its fully loaded core tier 1 capital ratio (CET1) by nine basis points in the fourth quarter.
Britain's banks all avoided bills for more capital in annual stress tests for the first time since 2014, but the Bank of England warned of pain ahead if there is no Brexit deal and said the country's current account deficit posed a big risk. High-street banks could cope with a "disorderly" Brexit without curbing lending or being bailed out by taxpayers, the BoE said on Tuesday after its annual health check on lenders. Britain's other main lenders - HSBC, Lloyds Banking Group, Santander UK, Standard Chartered and the Nationwide Building Society - all passed.
Britain's banks may be overstating their ability to stop "fintech" firms stealing customers and eating into profits, the Bank of England (BoE) said on Tuesday. The BoE was publishing the results of its 2017 stress test of seven major banks: HSBC, Barclays, Lloyds, RBS, Santander UK, Standard Chartered and Nationwide. For the first time, it included an "exploratory" scenario on how lenders would cope with a seven-year downturn and competition from financial technology - or fintech - firms.