Banco Santander S.A. Sponsored ADR (SAN)
Santander Bank Polska's Q4 net profit slips but beats expectations
The Polish unit of Santander Bank posted a 7% fall in its preliminary fourth-quarter net profit on Wednesday, hit by rising costs related to FX mortgage loans, but still beat analysts' expectations.
Santander's Q4 net profit up 11% compared to same period in 2023
Spain's Santander said on Wednesday its net profit in the fourth quarter rose 11% compared to the same period in 2023 thanks to a solid performance at its retail business in Europe, mainly in Spain, and in Brazil.
Santander's US Digital Bank Platform Marks $2 Billion in Deposits
Santander's American digital banking platform has surpassed $2 billion in deposits four months after launch. “This achievement represents a significant milestone in the Santander US business strategy to efficiently boost national deposit acquisition that will fuel its leading auto lending franchise and transform its retail bank,” the Spanish lender said in a Monday (Feb. 3) news release.
Santander Picks New US CEO Amid Company-Wide Reorganization
Banking giant Santander has reportedly chosen a new U.S. CEO amid a larger reshuffle. Christiana Riley will succeed Tim Wennes as the bank's lead in the U.S., Executive Chair Ana Botin announced Friday (Jan. 31), per a report by Reuters.
Santander names Riley as CEO of Santander US, part of wider reshuffle
Christiana Riley will succeed Tim Wennes as CEO of Santander in the United States, the bank's executive chair, Ana Botin, said on Friday, as Santander undertakes a wider global restructuring.
Santander UK chair William Vereker to step down
Santander UK's board chair William Vereker has indicated his intention to step down during the course of 2025, the British unit of the Spanish lender said in a statement on Tuesday.
Banco Santander Brasil: Slow And Steady Growth As Q4 Approaches
Banco Santander Brasil has shown a steady improvement in profitability, despite Brazil's challenging macroeconomic conditions. The bank's stock trades at 1x book value, offering potential upside given its improving profitability outlook. Profitability is expected to continue improving, with a target ROE of ~20% by 2025.
Fed may still cut three times this year, says Santander's Stephen Stanley
Stephen Stanley, Santander U.S. Capital Markets chief U.S. economist, and CNBC's Steve Liesman join 'The Exchange' to discuss expectations for the Federal Reserve, outlooks on the economy, and more.
Banco Santander: A Positive Update For 2025
Banco Santander stock remains a "Buy" due to its operational outperformance, impressive efficiency improvements, and significant profit growth, despite not being as "cheap" as before. The bank's 3Q24 results confirmed my positive thesis, with record profits, improved efficiency ratios, and increased shareholder rewards through dividends and buybacks. Santander's geographic diversification and successful ONE transformation program mitigate risks, making it a fundamentally appealing investment compared to peers like BBVA, HSBC, and Lloyds.
Santander boss denies UK quit story but mood music less certain
Santander's boss has dismissed stories that it is looking to pull out of the UK as the invention of investment bankers. Speaking in Davos, executive chairman Ana Botin insisted “We love the UK” following reports in the Financial Times that the Spanish bank is reconsidering its presence here.
Santander's Botin says loves Britain and it will remain a core market
Britain is and will remain a core market for Santander , its executive chair Ana Botin said at the World Economic Forum annual meeting in Davos on Tuesday.
Europe is at risk of becoming a museum, Santander's Botin says
Ana Botín, executive chair of Banco Santander and chair of the World Economic Forum International Business Council, discusses the European business landscape.
