Banco Santander SA

SAN-N

NYSE:SAN

2.08
0.06 (2.97%)
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
DON'T BUY
DON'T BUY
November 17, 2011
The largest Spanish bank with significant holdings in Britain and Brazil. Have a lot of real estate on the books that they cannot dispose off that was confiscated from developers. BV is probably overstated. Have not fully marked down their Spanish government debt holdings.
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Banco Santander SA (SAN-N)
November 17, 2011
The largest Spanish bank with significant holdings in Britain and Brazil. Have a lot of real estate on the books that they cannot dispose off that was confiscated from developers. BV is probably overstated. Have not fully marked down their Spanish government debt holdings.
PAST TOP PICK
PAST TOP PICK
November 3, 2011
(A Top Pick Oct 21/10. Down 33.94%.) Got stopped out and broke even.
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Banco Santander SA (SAN-N)
November 3, 2011
(A Top Pick Oct 21/10. Down 33.94%.) Got stopped out and broke even.
DON'T BUY
DON'T BUY
September 22, 2011
The bank will survive if Spain defaults on its debt. Largest bank in Spain. They are carrying their real estate assets at a high price.
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Banco Santander SA (SAN-N)
September 22, 2011
The bank will survive if Spain defaults on its debt. Largest bank in Spain. They are carrying their real estate assets at a high price.
DON'T BUY
DON'T BUY
May 20, 2011
One of the best of the European continental banks. The problem is, it’s a Spanish home based, which offsets the Latin American growth and its strong position in the UK. 5.6%. If Spain where to leave the Euro or there was restructuring of Spanish debt, It would not have a good affect on the share price. (See Top Picks.)
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One of the best of the European continental banks. The problem is, it’s a Spanish home based, which offsets the Latin American growth and its strong position in the UK. 5.6%. If Spain where to leave the Euro or there was restructuring of Spanish debt, It would not have a good affect on the share price. (See Top Picks.)
HOLD
HOLD
April 21, 2011
Has been a disappointment. He continues to hold it because Brazil is one of his favourite countries in the emerging markets. This one has been a laggard, partly because the parent company in Europe has been sideways too. Should do better over time.
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Has been a disappointment. He continues to hold it because Brazil is one of his favourite countries in the emerging markets. This one has been a laggard, partly because the parent company in Europe has been sideways too. Should do better over time.
COMMENT
COMMENT
March 31, 2011
Has handled the financial crisis fairly well. Loan loss of provisions of about 4% versus 2% so write offs are about twice as high as Cdn banks. Risk/reward is probably 20% on the downside but if growth outside of Spain improves and starts to improve in 5 years, you could double your money. The crux of the issue is how long are they going to take. (Owns Banco Bilbao Vizcaya (BBVE-N).)
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Has handled the financial crisis fairly well. Loan loss of provisions of about 4% versus 2% so write offs are about twice as high as Cdn banks. Risk/reward is probably 20% on the downside but if growth outside of Spain improves and starts to improve in 5 years, you could double your money. The crux of the issue is how long are they going to take. (Owns Banco Bilbao Vizcaya (BBVE-N).)
DON'T BUY
DON'T BUY
January 6, 2011
Problem with any Spanish bank is with the outlook on their economy the prospects are low. Many European banks would have to re-finance through private parties if interest rates increase, unlike Canadian banks.
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Problem with any Spanish bank is with the outlook on their economy the prospects are low. Many European banks would have to re-finance through private parties if interest rates increase, unlike Canadian banks.
BUY
BUY
November 29, 2010
Anything to do with Spain is going down in value. Looking at the valuation metrics, you are paying 3 to 5 times cash flow, which is unheard of. Earnings are yielding around 5%. More than 50% of their business is outside of Spain.
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Banco Santander SA (SAN-N)
November 29, 2010
Anything to do with Spain is going down in value. Looking at the valuation metrics, you are paying 3 to 5 times cash flow, which is unheard of. Earnings are yielding around 5%. More than 50% of their business is outside of Spain.
BUY WEAKNESS
BUY WEAKNESS
November 25, 2010
International Spanish bank with assets in the UK, big franchise growing southern US and Central and South America. Stock has come off because of fears of the crisis in Europe. You’ll be able to get it cheaper in the next little while during the current European problems. Great franchise and well managed.
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Banco Santander SA (SAN-N)
November 25, 2010
International Spanish bank with assets in the UK, big franchise growing southern US and Central and South America. Stock has come off because of fears of the crisis in Europe. You’ll be able to get it cheaper in the next little while during the current European problems. Great franchise and well managed.
TOP PICK
TOP PICK
October 21, 2010
Like BNS in Canada. Didn’t get into derivatives. Just a basic lender. A third is in South America. Has a nice 5% yield.
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Banco Santander SA (SAN-N)
October 21, 2010
Like BNS in Canada. Didn’t get into derivatives. Just a basic lender. A third is in South America. Has a nice 5% yield.
BUY WEAKNESS
BUY WEAKNESS
October 21, 2010
Great franchise around the world and concentrates on retail banking and private banking. They were able to buy some decent banks during the recession. They diversified out of Spain into US and Latin America. You never know what is going to happen to the economy in Spain short term.
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Banco Santander SA (SAN-N)
October 21, 2010
Great franchise around the world and concentrates on retail banking and private banking. They were able to buy some decent banks during the recession. They diversified out of Spain into US and Latin America. You never know what is going to happen to the economy in Spain short term.
HOLD
HOLD
September 16, 2010
Multinational bank that didn't blow itself up. About 5.4% yield. Selling at about 8X earnings. The real attraction is its Latin American businesses. Exposed to 2 Western European markets with bad housing, Spain and UK. Leave up for 18-24 months before buying.
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Banco Santander SA (SAN-N)
September 16, 2010
Multinational bank that didn't blow itself up. About 5.4% yield. Selling at about 8X earnings. The real attraction is its Latin American businesses. Exposed to 2 Western European markets with bad housing, Spain and UK. Leave up for 18-24 months before buying.
COMMENT
COMMENT
August 27, 2010
One of the more resilient Spanish banks. Has South American exposure as well. The challenges with the Spanish banks make them difficult to evaluate. Doesn't think all of the bad news is out in terms of the European banking system. 6% yield.
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One of the more resilient Spanish banks. Has South American exposure as well. The challenges with the Spanish banks make them difficult to evaluate. Doesn't think all of the bad news is out in terms of the European banking system. 6% yield.
BUY
BUY
August 24, 2010
Good, solid Spanish bank and is looking at this one very closely.
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Good, solid Spanish bank and is looking at this one very closely.
COMMENT
COMMENT
July 30, 2010
Looks like it is going into a consolidation phase. Big dip to $8.70 in June. Expecting it to go into a trading range. If it breaks above $14 it might continue to $16. If you own consider selling but if you Hold you say Stop/Loss of $12.40.
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Looks like it is going into a consolidation phase. Big dip to $8.70 in June. Expecting it to go into a trading range. If it breaks above $14 it might continue to $16. If you own consider selling but if you Hold you say Stop/Loss of $12.40.
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