The partnership, a first of its kind for the artificial intelligence company, will use the prediction market's data to power some search results about the soccer tournament.
Santander Brasil has sold off sharply, but the weakness looks more transitional than structural. Loan growth is weak by design, as Santander Brasil is prioritizing better clients and portfolio quality over volume. ROE is still pressured, which explains the below-book valuation, but management still sees a path back toward 20%.
Banco Santander, S.A. is rated Buy, with a ~43% upside to a $17.5 implied share price, driven by record profitability and robust capital return. SAN targets a ROTE above 20%, an efficiency ratio below 36%, and doubled cash DPS by 2028, leveraging AI-driven cost reductions and operational transformation. Recent Poland disposals and upcoming TSB and Webster acquisitions strengthen CET1, enhance capital return, and position SAN as a leading UK and US player.
Banco Santander, S.A. delivered resilient Q1 2026 results, with revenues up 4% YoY but bottom-line missing consensus and shares underperforming the market. SAN's earnings growth outlook is modest, with mixed NII prospects—European rate tailwinds offset by Brazilian headwinds—and fee growth likely to remain single-digit. Operational efficiency remains the core driver, with the ONE Transformation program targeting a cost-to-income ratio drop from 45% (2025) to 36% (2028).
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%.