Banco Santander SA

SAN-N

NYSE:SAN

2.49
0.02 (0.80%)
The Santander Group is a Spanish banking group centered on Banco Santander, S.A. As its name suggests, the company originated in Santander, Cantabria, Spain.
More at Wikipedia

Analysis and Opinions about SAN-N

Signal
Opinion
Expert
WEAK BUY
WEAK BUY
December 7, 2017

Spanish Bank. Synchronized global growth benefits it. It drives productivity growth. So financials should do well. There is still rate correction to go on there. The yield curve is steepening there. It has a history of being aggressive with credit and M&A philosophy so he would be careful there. On the whole it checks a lot of boxes.

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Banco Santander SA (SAN-N)
December 7, 2017

Spanish Bank. Synchronized global growth benefits it. It drives productivity growth. So financials should do well. There is still rate correction to go on there. The yield curve is steepening there. It has a history of being aggressive with credit and M&A philosophy so he would be careful there. On the whole it checks a lot of boxes.

BUY
BUY
November 20, 2017

Banks in Spain, like the Italian banks were coming off a bottom about a year or so. This one has about 50-60% of profits from Spain and then the rest from Latin America. There should be improvements in both markets. He prefers BBVA-N, which he marginally prefers right now.

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Banco Santander SA (SAN-N)
November 20, 2017

Banks in Spain, like the Italian banks were coming off a bottom about a year or so. This one has about 50-60% of profits from Spain and then the rest from Latin America. There should be improvements in both markets. He prefers BBVA-N, which he marginally prefers right now.

DON'T BUY
DON'T BUY
November 1, 2017

Effects of Catalonia on this bank? 42% of revenues are from Latin America with the other 41% in Europe, mostly Spain and Britain. Valuations are up 20% this year. PE multiple is 13.4. Cheap on a Price to Book and Price to Sales method, but Catalonia is a little wart that is on their backside right now. He is not interested in this, because dividend growth for him has to be over 10%. Dividend yield of 3.5%.

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Banco Santander SA (SAN-N)
November 1, 2017

Effects of Catalonia on this bank? 42% of revenues are from Latin America with the other 41% in Europe, mostly Spain and Britain. Valuations are up 20% this year. PE multiple is 13.4. Cheap on a Price to Book and Price to Sales method, but Catalonia is a little wart that is on their backside right now. He is not interested in this, because dividend growth for him has to be over 10%. Dividend yield of 3.5%.

DON'T BUY
DON'T BUY
October 24, 2017

Doesn’t own any Spanish banks and doesn’t know why anyone would. The Spanish market has a tremendous amount of overcapacity. Spanish lenders say that the origination spreads on new loan production just keeps on compressing, which tells him there is absolutely no point in being involved.

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Banco Santander SA (SAN-N)
October 24, 2017

Doesn’t own any Spanish banks and doesn’t know why anyone would. The Spanish market has a tremendous amount of overcapacity. Spanish lenders say that the origination spreads on new loan production just keeps on compressing, which tells him there is absolutely no point in being involved.

HOLD
HOLD
October 23, 2017

The politics is what is holding this one back because of the potential separation of the Caledonian region. The company itself was looking great until the last months’ political matters. You have to hold your nose until the politics gets out of the way and then you are good to go. 2/3rds of the bank’s business is not in Spain. It is simply tarnished with the brush of Spain.

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Banco Santander SA (SAN-N)
October 23, 2017

The politics is what is holding this one back because of the potential separation of the Caledonian region. The company itself was looking great until the last months’ political matters. You have to hold your nose until the politics gets out of the way and then you are good to go. 2/3rds of the bank’s business is not in Spain. It is simply tarnished with the brush of Spain.

COMMENT
COMMENT
October 4, 2017

This is up 15% this year, but is starting to slow down because of what is going on in Spain. If Catalan were to break away, the Basque people would want to break away as well. Outside of Spain, England retail is doing fine. The US is a little dicey. Loan growth is -.03%. Dividend yield of 3.5%.

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This is up 15% this year, but is starting to slow down because of what is going on in Spain. If Catalan were to break away, the Basque people would want to break away as well. Outside of Spain, England retail is doing fine. The US is a little dicey. Loan growth is -.03%. Dividend yield of 3.5%.

BUY
BUY
September 22, 2017

What to buy in Europe? He likes that we are seeing “return to growth” in a lot of the European economies. Unemployment is coming down. The kind of business you want to buy would be the banks. They are based on the economy of the country. Something like this is a great story. It is a global bank, but has a very strong presence in the UK and Europe. It is in all of South America and in the southern part of the US.

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Banco Santander SA (SAN-N)
September 22, 2017

What to buy in Europe? He likes that we are seeing “return to growth” in a lot of the European economies. Unemployment is coming down. The kind of business you want to buy would be the banks. They are based on the economy of the country. Something like this is a great story. It is a global bank, but has a very strong presence in the UK and Europe. It is in all of South America and in the southern part of the US.

COMMENT
COMMENT
August 11, 2017

If looking at European banks, Banco Santander (SAN-N) or HSBC Holdings (HSBC-N) are two that he would consider.

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If looking at European banks, Banco Santander (SAN-N) or HSBC Holdings (HSBC-N) are two that he would consider.

BUY
BUY
August 9, 2017

A very unique company. A Spanish bank with a Spanish retail business, but also has a big UK presence, and are very big in Latin and South America and certain parts of the southern US. They are in some very high growth areas. Acquired Banco Popular, which gives them a fairly good beachhead in real estate in Spain. He thinks you can see this company do very, very well. They are very big in auto loans in the US, which is something you have to keep an eye on. Not an expensive stock.

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A very unique company. A Spanish bank with a Spanish retail business, but also has a big UK presence, and are very big in Latin and South America and certain parts of the southern US. They are in some very high growth areas. Acquired Banco Popular, which gives them a fairly good beachhead in real estate in Spain. He thinks you can see this company do very, very well. They are very big in auto loans in the US, which is something you have to keep an eye on. Not an expensive stock.

COMMENT
COMMENT
July 13, 2017

A very unique global franchise. A Spanish bank, but is all over South and Latin America, with a big franchise in the UK and Europe. Not very expensive, trading at slightly below BV. Spain and Europe are coming back. Banks are a proxy for the economies. The value of the franchise in Latin America over the next 10-20 years is fantastic. A premier retail bank in these areas.

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A very unique global franchise. A Spanish bank, but is all over South and Latin America, with a big franchise in the UK and Europe. Not very expensive, trading at slightly below BV. Spain and Europe are coming back. Banks are a proxy for the economies. The value of the franchise in Latin America over the next 10-20 years is fantastic. A premier retail bank in these areas.

HOLD
HOLD
July 7, 2017

The biggest bank in Spain and a global behemoth. A global bank with operations in the US and South America. It is a quality bank. In the last 12 months, it has been up 76%. They are talking about raising rates in Europe, and higher rates will be good for this bank.

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The biggest bank in Spain and a global behemoth. A global bank with operations in the US and South America. It is a quality bank. In the last 12 months, it has been up 76%. They are talking about raising rates in Europe, and higher rates will be good for this bank.

COMMENT
COMMENT
June 9, 2017

Just announced they had acquired Banco Popular, a real estate lender, with a lot of loans in a very tough housing market. There is going to be a lot of work to be done. It is going to make them a real powerhouse in Spain. Their market share is going to be roughly 25% out of Brazil, 25% out of England, and this could equal that coming out of Spain. They still have European and US capabilities as well. The European banks have turned and there is lots of upside.

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Just announced they had acquired Banco Popular, a real estate lender, with a lot of loans in a very tough housing market. There is going to be a lot of work to be done. It is going to make them a real powerhouse in Spain. Their market share is going to be roughly 25% out of Brazil, 25% out of England, and this could equal that coming out of Spain. They still have European and US capabilities as well. The European banks have turned and there is lots of upside.

HOLD
HOLD
June 8, 2017

He was looking at it below $5 and came close to buying it. They have interesting operations in Brazil. There is tremendous upside and the CEO has a good idea what she is doing. It may come down.

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He was looking at it below $5 and came close to buying it. They have interesting operations in Brazil. There is tremendous upside and the CEO has a good idea what she is doing. It may come down.

COMMENT
COMMENT
May 5, 2017

The largest Spanish bank, roughly equivalent in size to the Royal Bank (RY-T). It held up quite well during the global financial crisis, despite the fact that it had Latin American operations as well as significant exposure to the Spanish market. Quite an interesting story if you want to take European financial risks, in the context of perhaps a 2-year timeframe for rising rates. If you take that view, you could probably get a relatively cheaper American bank. However, this is an interesting opportunity. He is positively disposed to this at these levels.

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The largest Spanish bank, roughly equivalent in size to the Royal Bank (RY-T). It held up quite well during the global financial crisis, despite the fact that it had Latin American operations as well as significant exposure to the Spanish market. Quite an interesting story if you want to take European financial risks, in the context of perhaps a 2-year timeframe for rising rates. If you take that view, you could probably get a relatively cheaper American bank. However, this is an interesting opportunity. He is positively disposed to this at these levels.

PAST TOP PICK
PAST TOP PICK
May 4, 2017

(Top Pick Feb 27/17, Up 27%) He still likes the company and is adding on every pullback. There is going to be a resolution on zero interest rates and austerity. He really likes European banks as well as US Banks. Canadian banks are way too expensive. You should stand back on UK banks because of BREXIT. Greece will be a big beneficiary of all of this.

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(Top Pick Feb 27/17, Up 27%) He still likes the company and is adding on every pullback. There is going to be a resolution on zero interest rates and austerity. He really likes European banks as well as US Banks. Canadian banks are way too expensive. You should stand back on UK banks because of BREXIT. Greece will be a big beneficiary of all of this.

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