AllAnalyst Report
logoMorningstarMarch 08, 2024

Banco Santander, S.A.: Santander: Despite Exceptional Results, Future Growth Expected to Slow; Fair Value Estimate Up 7%

Symbols
SAN
Sector(s)
Financial Services
Rating
Current Price
$5.11
Fair Value
Economic Moat
Stewardship
Summary

Santander's focus is on retail and commercial banking. Latin America is geographically the most significant operation, with Brazil making the largest contribution. Its continental European business is mainly in Spain and Portugal. Santander's UK presence is the result of its acquisition of Abbey building society. In the

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Analyst Profile

Johann Scholtz

Equity Analyst
Johann Scholtz is an equity analyst for Morningstar, Holland B.V., a wholly owned subsidiary of Morningstar, Inc. He covers European banks. Before joining Morningstar in 2017, Scholtz spent 11 years covering various sectors in South Africa as a buy- and sell-side analyst.Scholtz holds a Bachelor of Commerce degree in Finance from Stellenbosch University. He holds the Chartered Financial Analyst® designation and he is a Chartered Accountant CA(SA).