Santander starts new share buyback programme worth $1.70 billion
Spain's Santander on Tuesday launched a new share buyback programme of 1.525 billion euros ($1.70 billion).
Banco Santander: Record H1 Results Met With A Cheaper Valuation
Shares of multinational banking giant Banco Santander have been a little soft since my last update, trailing European financials by around ten points in that time. Results for the first half of the year produced records throughout the income statement, with the bank's return on tangible equity still comfortably in the mid-teens area. The recent share price decline puts the stock at just 0.8x tangible book value, with this implying a P/E of just 5x alongside a double-digit dividend-plus-buyback yield.
SAN vs. SMFG: Which Stock Is the Better Value Option?
Investors looking for stocks in the Banks - Foreign sector might want to consider either Banco Santander (SAN) or Sumitomo Mitsui (SMFG). But which of these two stocks is more attractive to value investors?
Banco Santander (Brasil) Is Recovering And Has Become An Opportunity
Banco Santander Brasil reported earnings showing improvement across most fronts after a challenging 2022 and 2023. The Post-pandemic credit cycle led to NPLs for banks, but Santander is recovering thanks to normalized rates. 2Q24 results demonstrated continued improvement in loan book, NPLs, margins, net interest income, and efficiency ratio, making valuation attractive.
Banco Santander (Brasil) Q2: Raising The Recommendation To Hold
Banco Santander (Brasil) expanded loan portfolio in profitable segments with controlled NPL. The recent 15% drop in shares makes P/E more attractive but lacks a margin of safety compared to competitors. The bank needs stronger results, such as an ROE reaching 20%, for a recommendation upgrade.
All You Need to Know About Banco Santander (SAN) Rating Upgrade to Strong Buy
Banco Santander (SAN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Santander sets ambitious growth targets after pleasing first half
High-street lender Banco Santander (LSE:BNC) recorded a better-than-expected profit of €6.06 billion (£5.1 billion) for the first half of 2024, marking a 16% increase from the same period last year. The Spanish bank said net interest income reached a record €23.46 billion, driven by growth across Retail, Corporate and Wealth sectors.
Spain's Santander posts 20% hike in net profit as retail business shines
The company's net profit attributable to the parent group came in at 3.207 billion euros ($3.48 million), in line with a consensus from analysts polled by Reuters. The bank's ratios also firmed, with its fully-loaded CET1 ratio (a measure of a bank's solvency) up from 12.3% in the March quarter to 12.5% in the three months to June.
Santander's Q2 net profit rises 20% compared to same period in 2023
Spain's Santander said on Wednesday its net profit in the second quarter rose 20% compared to the same period in 2023 thanks to a solid performance of its retail business.
Outperforming The Average With Santander
Strong operating performance in 1Q24 shows Santander's turnaround strategy is working well, with potential for further growth. Santander's trajectory is positive, outperforming S&P500 averages with improved fundamentals and earnings growth. Despite risks from exposure to Latin America, Santander remains attractively priced and continues to outperform.
Is Banco Santander (SAN) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Santander-backed Ebury appoints Goldman Sachs for London IPO
Ebury, the cross-border payments group majority owned by Spanish lender Santander, has appointed Goldman Sachs to work on its upcoming initial public offering on the London Stock Exchange, according to a Financial Times report. News emerged of Ebury's planned £2 billion float back in March, with a debut planned sometime in 2025.
