Banco Santander

Banco Santander is a holding company, providing a range of financial products. Co.'s products and services include: retail banking business that covers all customer banking businesses; wholesale banking business; as well as asset management and insurance business. Co.'s principal operations are in Spain, the U.K., Portugal, Germany, Italy and Latin America. As of Dec 31 2014, Co.'s total assets amounted to Euro1,266,296,000,000 and total customer deposits amounted to Euro647,627,000,000.
  • TickerSAN
  • ISINES0113900J37
  • ExchangeMadrid Stock Exchange
  • SectorBanks
  • CountrySpain

Analysts

Jean-Christophe Dourret

Santander : Banco Santander - 31 May 2019

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Jean-Christophe Dourret

Santander : Banco Santander - 31 mai 2019

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Johann Scholtz

Morningstar | Santander - Strong Franchises

We do not believe the takeover of troubled Spanish rival Banco Popular materially changes the investment case for Santander. The EUR 7 billion capital injection that Banco Popular required is effectively the purchase price--this is less than 3% of Santander’s market value. Subsequently, Santander significantly increased provisions against the toxic portion of Popular’s book and then sold off 51% of the toxic assets to fund manager Blackstone.Globally, Santander is one of the few banks that have successfully acquired and integrated retail banking operations across borders. Santander’s integrati...

Johann Scholtz

Morningstar | Santander - Strong Franchises

We do not believe the takeover of troubled Spanish rival Banco Popular materially changes the investment case for Santander. The EUR 7 billion capital injection that Banco Popular required is effectively the purchase price--this is less than 3% of Santander’s market value. Subsequently, Santander significantly increased provisions against the toxic portion of Popular’s book and then sold off 51% of the toxic assets to fund manager Blackstone.Globally, Santander is one of the few banks that have successfully acquired and integrated retail banking operations across borders. Santander’s integrati...

Johann Scholtz

Santander - Strong Franchises

Santander reported attributable profit of EUR 1.8 billion for the first quarter of 2019, which is 10% below its 2018 first-quarter profit. The first-quarter run rate is below our full-year expectations of 7% growth, but the year-ago quarter presented a relatively challenging base; the second quarter will face a softer base. We maintain our narrow moat rating and EUR 5 fair value estimate. Santander's Brazilian business, which contributes 29% to group attributable profits, reported a solid 14% in...

Jean-Christophe Dourret

Santander : Banco Santander - 31 May 2019

...

Jean-Christophe Dourret

Santander : Banco Santander - 31 mai 2019

...

Johann Scholtz

Morningstar | Santander - Strong Franchises

We do not believe the takeover of troubled Spanish rival Banco Popular materially changes the investment case for Santander. The EUR 7 billion capital injection that Banco Popular required is effectively the purchase price--this is less than 3% of Santander’s market value. Subsequently, Santander significantly increased provisions against the toxic portion of Popular’s book and then sold off 51% of the toxic assets to fund manager Blackstone.Globally, Santander is one of the few banks that have successfully acquired and integrated retail banking operations across borders. Santander’s integrati...

Johann Scholtz

Morningstar | Santander - Strong Franchises

We do not believe the takeover of troubled Spanish rival Banco Popular materially changes the investment case for Santander. The EUR 7 billion capital injection that Banco Popular required is effectively the purchase price--this is less than 3% of Santander’s market value. Subsequently, Santander significantly increased provisions against the toxic portion of Popular’s book and then sold off 51% of the toxic assets to fund manager Blackstone.Globally, Santander is one of the few banks that have successfully acquired and integrated retail banking operations across borders. Santander’s integrati...

Johann Scholtz

Santander - Strong Franchises

Santander reported attributable profit of EUR 1.8 billion for the first quarter of 2019, which is 10% below its 2018 first-quarter profit. The first-quarter run rate is below our full-year expectations of 7% growth, but the year-ago quarter presented a relatively challenging base; the second quarter will face a softer base. We maintain our narrow moat rating and EUR 5 fair value estimate. Santander's Brazilian business, which contributes 29% to group attributable profits, reported a solid 14% in...

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