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.
The lender's net profit for its first quarter was up 60% on-year.
Santander will suspend its share buyback programme pending approval from U.S. lender Webster Financial's shareholders for a $12.2 billion takeover by the Spanish bank.
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.
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.
The bank backed its targets despite increasing global economic uncertainty, with Chair Ana Botin saying its geographic diversification mitigates risk by reducing volatility.
Spain's Santander said on Friday it was on track to meet its 2026 full-year profitability and revenue targets after it continued to gain customers in the first quarter.
Banco Santander, S.A. enters a "growth phase" through 2028, targeting 210 million customers and significant efficiency gains. SAN aims to reduce its efficiency ratio to 36% by 2028, leveraging AI automation and acquisition synergies for operational improvement. Management targets €20B underlying profit and 20% RoTE in 2028, implying a forward P/E of 6.9x and potential dividend yield on cost of 7%.
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.
A leading Spanish multinational financial services name, Banco Santander ( NYSE:SAN ), shares are down 12% over the past week, trading at $11.55 as of Wednesday afternoon.
Banco Santander, S.A. (SAN) Analyst/Investor Day Transcript
Banco Santander is leveraging artificial intelligence (AI) as it works to boost its profit and its customer base over the next 24 months. The bank plans to achieve a profit of over 20 billion euros (about $23.6 billion) by 2028, up from the record attributable profit of 14.1 billion euros (about $16.