|Bid||3.8830 x N/A|
|Ask||3.8840 x N/A|
|Day's Range||3.8300 - 3.8915|
|52 Week Range||3.3855 - 4.6820|
|Beta (3Y Monthly)||1.52|
|PE Ratio (TTM)||9.42|
|Earnings Date||Oct 30, 2019|
|Forward Dividend & Yield||0.23 (5.87%)|
|1y Target Est||N/A|
In the Federal Reserve's second-quarter report on household debt and credit, a rise in auto loan delinquencies was identified, resparking an old conversation regarding subprime auto financing by lenders like Credit Acceptance Corp. (NASDAQ: CACC) and Banco Santander SA (NYSE: SAN)'s Santander Consumer USA Holdings. The firm’s shares rose almost 10% after the authorization of a $400-million share buyback. Is it possible that the buyback helped stabilize earnings per share, smoothing out a rocky past and the risks associated with rising defaults and declining loan performance?
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Casa de Bolsa Santander, S.A. de C.V. New York, October 14, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Casa de Bolsa Santander, S.A. de C.V. 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.
Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The last 12 months is one of those periods, as the Russell 2000 […]
Banco Santander Brasil SA expects to see its loan book grow by more than 10% per year through 2022 and maintain its current profitability ratio at 21%, Chief Executive Officer Sergio Rial said on Tuesday. Rial told analysts at an event at the bank's headquarters in Sao Paulo that consumer lending and companies in the agribusiness sector will drive Santander's loan book growth. Santander also disclosed in a securities filing that it sees its client base growing more than 7% per year until 2022.
Ana Botin, the Spanish executive chairman of the global banking giant Banco Santander, will join the boards of the U.S. banking business and its holding company, Santander Holdings USA inc.
Thanks to the power of blockchain Madrid's travelers will soon have a unified payment system to use throughout the city's many modes of transport.
MEXICO CITY/MADRID, Sept 27 (Reuters) - A venture capital fund backed by Spanish bank Santander is eyeing fresh opportunities across Latin America, an executive said on Friday, days after it completed an investment in Mexican financial technology startup Klar. Mexico and Brazil are the largest, most active and fastest-growing markets for so-called fintechs in Latin America. Manuel Silva, a partner at Santander InnoVentures, said in an interview the fund was seeking more investments in countries where Santander already had a presence, but primarily in Brazil and Mexico.
(Bloomberg) -- Royal Bank of Canada, Banco Santander SA and Japan’s Mizuho Financial Group Inc. are among banks that have secured bookrunner roles on Saudi Aramco’s initial public offering, people with knowledge of the matter said.Chinese investment bank BOC International Holdings Ltd. and Tokyo-based Sumitomo Mitsui Financial Group Inc. are also among 15 joint bookrunners chosen by Aramco, the people said. Middle Eastern firms Saudi Fransi Capital, Al Rajhi Capital, Riyad Bank and EFG Hermes were also picked, the people said.Aramco is accelerating its listing plans after recovering faster than expected from the biggest terror attacks in its history. The state oil giant plans to formally kick off its much-anticipated IPO next month by announcing the intention to float on Oct. 20, with a target of listing as soon as November, Bloomberg News has reported.The new banks join fellow bookrunners BNP Paribas SA, Credit Agricole SA, Deutsche Bank AG, Gulf International Bank BSC, Societe Generale SA and UBS Group AG, according to the people. Bank of America Corp., Citigroup Inc., Credit Suisse Group AG, Goldman Sachs Group Inc., HSBC Holdings Plc, JPMorgan Chase & Co., Morgan Stanley, NCB Capital and Samba Financial Group are leading the deal as joint global coordinators, the people said.Aramco is in the process of selecting co-managers and receiving banks, the people said. Lazard Ltd., Michael Klein and Moelis & Co. are working on the deal as independent financial advisers, according to the people.Aramco is planning a listing on the Saudi stock exchange, which will include an institutional offering locally and internationally as well as a domestic retail tranche, one of the people said.The oil producer is considering including additional deal structures -- such as a public offering without listing, or POWL, for Japanese investors and a so-called Canadian wrapper that would allow the deal to be marketed in the country, the people said. The company will confirm the potential inclusion of an employee tranche later, one person said.Aramco didn’t immediately respond to a request for comment. Representatives for the banks had no comment or didn’t immediately respond to requests for comment.\--With assistance from Vinicy Chan, Matthew Martin, Dinesh Nair, Taiga Uranaka and Sarah Algethami.To contact the reporters on this story: Archana Narayanan in Dubai at firstname.lastname@example.org;Carol Zhong in Hong Kong at email@example.com;Myriam Balezou in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Stefania Bianchi at email@example.com, ;Fion Li at firstname.lastname@example.org, ;Dinesh Nair at email@example.com, Ben Scent, Liana BakerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Banco Santander SA will take a 1.5 billion-euro ($1.7 billion) charge over its U.K. business, which has struggled to boost profit amid stricter regulations and a competitive mortgage market.The impairment will be included in third-quarter results, the Spanish lender said on Tuesday. It won’t affect the bank’s cash flow or tier 1 capital ratio, a key measure of financial strength. Santander also announced a dividend payment of 10 euro cents a share in cash, unchanged from its second-half payout last year.Santander UK, the lender’s fourth-largest unit, is facing increased competition in its key mortgage market and “ring-fencing” rules that force banks to separate their retail and investment banking operations. Weakness across the bank’s European businesses is increasing the Spanish lender’s dependence on the strong but potentially volatile Latin American market, where it has large businesses in Mexico and Brazil.Profit at the U.K. business fell 13% in the second quarter from a year earlier on reduced income from lending and fees.Ring-fencing, designed to protect retail deposits from risky investment banking, has had unintended side effects. The regulation has sealed away capital in units where mortgages are one of the few avenues for growth, encouraging giants such as HSBC Holdings Plc to wade into a market it had long neglected.Santander fell as much as 2.5% in Madrid trading and was down 1.6% at 3.57 euros as of 12:17 p.m. The stock has fallen 10.2% this year compared with a 3.4% decline for the STOXX Europe 600 banking index. The benchmark was 16% lower on Wednesday.What Bloomberg Intelligence Says“With no CET1 impact, the charge reflects structurally lower profitability in the U.K. post ring-fencing. Future writedowns shouldn’t be ruled out, we believe, given Brexit risks and intense competition.”\-- Jonathan Tyce, BI banking analystClick here to view the researchLike most U.K. lenders, Santander was hit by costs to pay refunds to customers who were mis-sold payment-protection insurance. It reported a second-quarter charge of 108 million euros, in part from costs related to the shuttering of 140 U.K. branches.While Latin America has helped Santander grow profits, the bank has been buffeted by issues including a potentially costly court battle with Andrea Orcel, the investment banker whose appointment as chief executive officer was unexpectedly canceled at the last minute.The Spanish lender entered the U.K. market with the acquisition of building society Abbey National in 2004. It expanded with the purchases of Bradford & Bingley and Alliance & Leicester in 2008 and 2009 and named the unit Santander UK in 2010.“While ring-fencing reforms and Brexit have impacted profitability in the U.K., it remains a critically important market, in which the group is investing significantly to service our customers and to continue to compete,” Chairman Ana Botin said in the statement.The decision to pay the dividend in cash means that the company hasn’t returned to offering part of the payout in shares, as it suggested it might do earlier this year.(Updates with chart on interest income after fourth paragraph.)To contact the reporter on this story: Charlie Devereux in Madrid at firstname.lastname@example.orgTo contact the editors responsible for this story: Dale Crofts at email@example.com, Ross Larsen, Marion DakersFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Banco Santander SA will book a roughly 1.5 billion euros ($1.65 billion) impairment following a review of the goodwill ascribed to its U.K. subsidiary.