Banco Santander SA

SAN-N

NYSE:SAN

2.61
0.07 (2.76%)
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
PAST TOP PICK
PAST TOP PICK
April 15, 2016

(A Top Pick April 30/15. Down 37.39%.) European banks and financials globally got creamed last year. He kept this, because he couldn’t see any fundamental reasons to abandon ship. If you own, continue to hold as Europe is going to get better. The dividends are safe.

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(A Top Pick April 30/15. Down 37.39%.) European banks and financials globally got creamed last year. He kept this, because he couldn’t see any fundamental reasons to abandon ship. If you own, continue to hold as Europe is going to get better. The dividends are safe.

COMMENT
COMMENT
March 23, 2016

Doesn’t own any of the Spanish banks, but is starting to get more constructive, more so than he has been in 5 years. Looking forward he can see some optimistic opportunities for Spanish banks.

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Doesn’t own any of the Spanish banks, but is starting to get more constructive, more so than he has been in 5 years. Looking forward he can see some optimistic opportunities for Spanish banks.

COMMENT
COMMENT
November 6, 2015

The UK is the biggest part of their business, and Brazil being #2. It is also big in the US. The problem is just a function of getting them turned. They have been beaten with a stick by the regulators for so long. You think that things are starting to get better, and then they don’t. He is losing patience. Things are getting better in Europe and he thinks this will be a beneficiary of that.

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Banco Santander SA (SAN-N)
November 6, 2015

The UK is the biggest part of their business, and Brazil being #2. It is also big in the US. The problem is just a function of getting them turned. They have been beaten with a stick by the regulators for so long. You think that things are starting to get better, and then they don’t. He is losing patience. Things are getting better in Europe and he thinks this will be a beneficiary of that.

COMMENT
COMMENT
October 13, 2015

This is fine from a dividend standpoint. Financials in general, globally, have been weak of late. When you think about the cycle for banks and financial institutions, this is really the worse possible time. We have very low interest rates throughout the developed world and there is not a clear visibility in terms of when rates are going to rise. If you are looking out a year, you are generally going to see an increase in rates in the federal reserve, at least in the next year. This would be a good, longer-term hold.

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Banco Santander SA (SAN-N)
October 13, 2015

This is fine from a dividend standpoint. Financials in general, globally, have been weak of late. When you think about the cycle for banks and financial institutions, this is really the worse possible time. We have very low interest rates throughout the developed world and there is not a clear visibility in terms of when rates are going to rise. If you are looking out a year, you are generally going to see an increase in rates in the federal reserve, at least in the next year. This would be a good, longer-term hold.

DON'T BUY
DON'T BUY
October 5, 2015

It is under pressure because of fear they may have to raise capital and cut the dividend. This might be in the cards. European banking regulators may be cracking down in a big way. He prefers others as this bank as some geographies that will put them under pressure. DB-N is a preference.

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It is under pressure because of fear they may have to raise capital and cut the dividend. This might be in the cards. European banking regulators may be cracking down in a big way. He prefers others as this bank as some geographies that will put them under pressure. DB-N is a preference.

COMMENT
COMMENT
August 31, 2015

He owns this because Europe is going to get turned around. This is a big, international bank. Their UK operation is a bigger operation than Spain, and the UK economy has been one of the better ones in Europe. Have a good presence in the US and they are large in Brazil. He is going to be a bit more patient with this and see if they get that lift when the European stock markets turn. Dividend yield of 3.6%.

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He owns this because Europe is going to get turned around. This is a big, international bank. Their UK operation is a bigger operation than Spain, and the UK economy has been one of the better ones in Europe. Have a good presence in the US and they are large in Brazil. He is going to be a bit more patient with this and see if they get that lift when the European stock markets turn. Dividend yield of 3.6%.

COMMENT
COMMENT
July 13, 2015

This company operates with most of their operations outside of Spain. Thinks a lot of the European banks have been held back because no one is sure how much they have in Greece. When European operations get going, this bank should improve. He has just recently bought more of this. Yield of 3%.

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This company operates with most of their operations outside of Spain. Thinks a lot of the European banks have been held back because no one is sure how much they have in Greece. When European operations get going, this bank should improve. He has just recently bought more of this. Yield of 3%.

DON'T BUY
DON'T BUY
June 24, 2015

A very large Spanish based bank. Have big franchises throughout Latin America as well as a British bank. Had to do a large and unexpected capital raise this year. There had been a bit of a relief rally in the Spanish market in 2013 and this did well, but still has too many dead assets on the balance sheet.

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A very large Spanish based bank. Have big franchises throughout Latin America as well as a British bank. Had to do a large and unexpected capital raise this year. There had been a bit of a relief rally in the Spanish market in 2013 and this did well, but still has too many dead assets on the balance sheet.

COMMENT
COMMENT
June 2, 2015

Looked at this but decided to own ING Groep NV (ING-N) and Deutsche Bank (DB-N) instead. Both of these are selling at a much lower price to tangible book value. This one is about 1.5, probably 50% more than ING and double Deutsche Bank. However, it is only 13X earnings and he likes the whole European banking sector. There will be some dividend growth as well.

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Looked at this but decided to own ING Groep NV (ING-N) and Deutsche Bank (DB-N) instead. Both of these are selling at a much lower price to tangible book value. This one is about 1.5, probably 50% more than ING and double Deutsche Bank. However, it is only 13X earnings and he likes the whole European banking sector. There will be some dividend growth as well.

HOLD
HOLD
May 4, 2015

One of the biggest banks in the world. Exposed to Latin America and Europe and did into get into too much trouble during the financial crisis. He likes HSBC-N more. He has problems with Spain being a regulator that does not regulate.

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One of the biggest banks in the world. Exposed to Latin America and Europe and did into get into too much trouble during the financial crisis. He likes HSBC-N more. He has problems with Spain being a regulator that does not regulate.

TOP PICK
TOP PICK
April 30, 2015

(Top Pick Apr 16/14, Down 16.17%) China is going to become the largest consuming country and these guys are the box on the supplier as far as purchasers are concerned. He thinks this one could really surprise you on the upside. The price has stabilized here.

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(Top Pick Apr 16/14, Down 16.17%) China is going to become the largest consuming country and these guys are the box on the supplier as far as purchasers are concerned. He thinks this one could really surprise you on the upside. The price has stabilized here.

DON'T BUY
DON'T BUY
March 25, 2015

A very large, global, Latin American bank based in Spain. He would not own it because of the uncertainty in the Euro zone. He thinks the risk in European banks is still too high. He would prefer JPM-N or C-N.

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A very large, global, Latin American bank based in Spain. He would not own it because of the uncertainty in the Euro zone. He thinks the risk in European banks is still too high. He would prefer JPM-N or C-N.

COMMENT
COMMENT
March 13, 2015

Bank of America (BAC-N) or Banco Santander (SAN-N)? This has a much lower dividend yield. They cut the dividend by two thirds and did a big equity issue, which is the reason for the big slide in the price. A very well-run bank, but there was a big chunk of stock that was placed with investors, so the share price is probably going to mark time for a while. Bank of America is probably the one you should stay with.

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Bank of America (BAC-N) or Banco Santander (SAN-N)? This has a much lower dividend yield. They cut the dividend by two thirds and did a big equity issue, which is the reason for the big slide in the price. A very well-run bank, but there was a big chunk of stock that was placed with investors, so the share price is probably going to mark time for a while. Bank of America is probably the one you should stay with.

BUY
BUY
February 24, 2015

A Spanish bank, but actually has exposure in Brazil. This is in a decent space here right now.

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Banco Santander SA (SAN-N)
February 24, 2015

A Spanish bank, but actually has exposure in Brazil. This is in a decent space here right now.

COMMENT
COMMENT
December 5, 2014

Headquartered in Madrid, but twice as big in Britain as it is in Spain. Considered a European bank, but is really a world class bank. Has a great yield. Never took any government money. This bank’s biggest position is in South America.

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Banco Santander SA (SAN-N)
December 5, 2014

Headquartered in Madrid, but twice as big in Britain as it is in Spain. Considered a European bank, but is really a world class bank. Has a great yield. Never took any government money. This bank’s biggest position is in South America.

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