Banco Santander, S.A., together with its subsidiaries, provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide. It offers demand and time deposits, and current and savings accounts; mortgages, consumer finance, syndicated corporate loans, structured financing, cash management, export and agency finance, trade and working capital solutions, and corporate finance; and insurance products. The company also provides cash, asset, and wealth management; and private banking services. In addition, it is involved in the corporate banking; treasury, risk hedging, foreign trade, confirming, custody, and investment banking activities. The company operates through a network of 11,236 branches. The company was formerly known as Banco Santander Central Hispano S.A. and changed its name to Banco Santander, S.A. in June 2007. Banco Santander, S.A. was founded in 1856 and is headquartered in Madrid, Spain.
IPO Year:
Exchange: NYSE
Website: santander.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/25/2024 | Equal Weight → Overweight | Barclays | |
7/18/2023 | Equal Weight | Barclays | |
5/1/2023 | Buy → Hold | HSBC Securities | |
3/22/2023 | Neutral → Outperform | Exane BNP Paribas | |
9/27/2022 | Neutral → Buy | Citigroup | |
4/1/2022 | Neutral → Outperform | Credit Suisse | |
3/31/2022 | Buy | Goldman | |
3/21/2022 | Hold → Buy | Jefferies | |
1/19/2022 | Neutral | Citigroup | |
12/8/2021 | Outperform → Neutral | Credit Suisse |
6-K - Banco Santander, S.A. (0000891478) (Filer)
6-K - Banco Santander, S.A. (0000891478) (Filer)
6-K - Banco Santander, S.A. (0000891478) (Filer)
6-K - Banco Santander, S.A. (0000891478) (Filer)
6-K - Banco Santander, S.A. (0000891478) (Filer)
6-K - Banco Santander, S.A. (0000891478) (Filer)
6-K - Banco Santander, S.A. (0000891478) (Filer)
6-K - Banco Santander, S.A. (0000891478) (Filer)
6-K - Banco Santander, S.A. (0000891478) (Filer)
6-K - Banco Santander, S.A. (0000891478) (Filer)
The Board of Governors of the Federal Reserve System (the "Federal Reserve") informed Santander Holdings USA, Inc. ("SHUSA") on June 26, 2024, of SHUSA's updated stress capital buffer ("SCB") requirement, which becomes effective on October 1, 2024. SHUSA's updated SCB will be 3.5% of its Common Equity Tier 1 capital (CET1) resulting in an overall CET1 capital requirement of 8.0%. SHUSA's strong capitalization supports our planned capital actions and the updated SCB is consistent with our long-term capital efficiency objectives. As a Category IV firm under the Federal Reserve's tailoring rule, SHUSA was subject to the Federal Reserve's 2024 Supervisory Stress Test. SHUSA remains in the t
Banco Santander (NYSE:SAN) reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.21 by 4.76 percent. The company reported $16.870 billion in sales this quarter. This is a 9.87 percent increase over sales of $15.355 billion the same period last year.
Spanish financial services provider Banco Santander SA (NYSE:SAN) is reportedly nearing an agreement with Amazon.com Inc. (NASDAQ:AMZN) to offer financing options for European buyers on the e-commerce platform. The deal, which is in advanced negotiations, is expected to launch in Germany first and then expand across Europe, according to a report from Bloomberg. Santander aims to enhance its digital consumer finance business, which contributed around 10% to its group revenue last year. Santander’s key strategy involves securing flagship deals with major tech companies, according to the bank’s recent annual report. The partnership with Amazon will allow consumers to opt for loans w
Banco Santander (NYSE:SAN) reported quarterly earnings of $0.18 per share which missed the analyst consensus estimate of $0.19 by 5.26 percent. This is a 12.5 percent increase over earnings of $0.16 per share from the same period last year. The company reported $16.703 billion in sales this quarter. This is a 11.79 percent increase over sales of $14.942 billion the same period last year.
Barclays analyst Cecilia Romero Reyes upgrades Banco Santander (NYSE:SAN) from Equal-Weight to Overweight.
https://www.bloomberg.com/news/articles/2024-03-03/santander-cuts-some-300-jobs-in-us-branches-in-shift-to-digital
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Santander Bank, N.A. announced today it has lowered its prime rate from 8.50% to 8.00% effective September 18, 2024. Santander Bank, N.A. is one of the country's leading retail and commercial banks, with $102 billion in assets. With its corporate offices in Boston, the Bank's more than 5,100 employees and more than 1.8 million customers are principally located in Massachusetts, New Hampshire, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania and Delaware. The Bank is a wholly-owned subsidiary of Madrid-based Banco Santander, S.A. (NYSE:SAN), recognized as one of the world's most admired companies by Fortune Magazine in 2024, with approximately 168 million customers in the U.S.,
74% of Americans would sit in traffic for an hour to earn $200, but only 16% took the time to move money to higher-yielding accounts. As expense pressures mount, 44% of Americans missed their savings goal in June, up from 35% in March. Six in 10 back-to-school shoppers across the U.S. expect it will impact their ability to meet their savings goals. Santander Bank, N.A. ("Santander Bank" or "the Bank") announced today the findings of its second Growing Personal Savings ("GPS") Tracker, a research series exploring Americans' approach to building and managing their savings. While many Americans have been adding to their savings month-over-month, the overall percentage doing so each
The Board of Governors of the Federal Reserve System (the "Federal Reserve") informed Santander Holdings USA, Inc. ("SHUSA") on June 26, 2024, of SHUSA's updated stress capital buffer ("SCB") requirement, which becomes effective on October 1, 2024. SHUSA's updated SCB will be 3.5% of its Common Equity Tier 1 capital (CET1) resulting in an overall CET1 capital requirement of 8.0%. SHUSA's strong capitalization supports our planned capital actions and the updated SCB is consistent with our long-term capital efficiency objectives. As a Category IV firm under the Federal Reserve's tailoring rule, SHUSA was subject to the Federal Reserve's 2024 Supervisory Stress Test. SHUSA remains in the t
72% of middle-income consumers say prices on goods and services rose in the second quarter. 90% of households made budget cuts to contend with higher prices, and 41% have turned to second jobs and side gigs. A majority of households believe homeownership is not a requirement to be financially prosperous, driven by affordability concerns. Santander Holdings USA, Inc. ("Santander US") today announced findings from a new survey that shows middle-income households are cutting back on spending, taking second jobs, and delaying large purchases—such as cars and homes—to adapt to higher prices as inflationary pressures continue. Nearly three in four middle-income households (72%) report
Grand opening celebration to take place on Friday, June 7, 2024, from 3 – 7 p.m. ET The Bank will present a $100,000 contribution to the Small Business Development Center at Florida International University Santander Bank, N.A. ("Santander Bank" or "the Bank") announced the opening of its second Work Café in the United States, located at 3036 Grand Avenue in the heart of Coconut Grove, Miami's oldest neighborhood, known for its bayside views and vibrant community. The Work Café is intended to serve as an innovation hub for local businesses and the broader community. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240528833968
Research reveals a connection between financial engagement and better outcomes, with high-savers regularly checking on their accounts and using a greater variety of professional financial services and tools. A majority of Americans plan to save some portion of their tax refund in 2024, but only 16% acknowledged that they did in 2023. Social trends are shifting, with more Americans openly discussing their financial habits and "loud budgeting" gains traction. Santander Bank, N.A. ("Santander Bank" or "the Bank") today announced findings from its inaugural Growing Personal Savings ("GPS") Tracker, a new series analyzing how Americans approach growing their savings. The Santander Bank
Real-time survey uncovers that over 80% believe the state's economy will be about the same, or in better shape a year from now. Santander Bank, N.A. ("Santander" or "the Bank") and the Greater Providence Chamber of Commerce today hosted their 21st Economic Outlook Breakfast for Rhode Island's business community. Approximately 300 people gathered at the Crowne Plaza in Warwick, Rhode Island for the event, which gives business, education, healthcare, government and community leaders a forum to discuss the economy and changing dynamics of Rhode Island. Given the current supply chain landscape and growing emphasis on nearshoring, this year's panel of economic experts and local business lead
3 in 4 middle-income households believe they are on track toward financial prosperity, as inflation concerns drop 11 percentage points year over year. Two thirds of middle-income households have made cuts to their budgets to cope with higher prices. 6 in 10 middle-income consumers are missing out on an opportunity to grow savings, with 56% still earning less than 3% interest. 4 in 10 middle-income Americans are spending 7+ hours per week in their vehicles, demonstrating the importance of vehicles in their lives. Santander Holdings USA, Inc. ("Santander US") today announced findings from its recent Paths to Prosperity survey showing middle-income Americans are optimistic about t
Appointment underscores the Santander US commitment to transforming the Retail Bank Santander Bank, N.A. ("Santander Bank" or "the Bank") announced today that Swati Bhatia has joined as head of Retail Banking and Transformation, effective immediately. Bhatia reports to Tim Wennes, Santander Bank CEO and Santander US country head, and to Daniel Barriuso, global head of Retail and Commercial Banking and Group Transformation. In this capacity, Bhatia will lead the U.S. Consumer and Business Banking business and all related digital transformation initiatives, with a focus on building new capabilities, simplifying existing processes, and enhancing customer experiences while lowering the cost
Holiday gift giving seen as a reflection of financial prosperity, with seven in 10 spending more or above 2022 levels. Two-thirds expect the United States to enter recession in 2024. Auto demand remains strong with vehicles needed to support workers and U.S. economy. Santander Holdings USA, Inc. (" Santander US") today announced findings from a new survey that shows middle-income American consumers were feeling optimistic in the fourth quarter of 2023, with 70% of respondents believing they are on the right track toward achieving financial prosperity and 80% believing they would achieve financial prosperity in the next 10 years. Less than a quarter described themselves as "finan
Santander Bank, N.A. today announced the appointments of Donna Cleary to Market Manager and Jim Bravyak to Head of Underwriting & Portfolio Management. In her new role, Cleary will lead an additional team of bankers to focus on the vast opportunity with middle market companies in the New York City and Long Island markets. Bravyak will assume Cleary's previous role, leading Underwriting and Portfolio Management. Both executives will report to Joe Abruzzo, Head of Commercial Banking for Santander Bank. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221109005801/en/Donna Cleary, Market Manager, Santander Commercial Banking (Photo: B
BOSTON--(BUSINESS WIRE)--Santander Bank, N.A. (“Santander Bank” or “Santander”) today announced the appointment of Scott Baldinelli as Head of New England Middle Market Banking. Baldinelli will report to Joe Abruzzo, Head of Commercial Banking for Santander Bank. Baldinelli will lead business development, market growth and relationship management for Commercial Banking’s middle market segment in New England, encompassing the company’s Boston-based location. The industry veteran will assume the role from Robert Cerminaro, who was recently promoted to Head of Mid-Corporate Banking in Santander’s Commercial Banking division. “Scott epitomizes Commercial Banking’s ‘getting personal’
Barclays upgraded Banco Santander from Equal Weight to Overweight
Barclays initiated coverage of Banco Santander with a rating of Equal Weight
HSBC Securities downgraded Banco Santander from Buy to Hold
Exane BNP Paribas upgraded Banco Santander from Neutral to Outperform
Citigroup upgraded Banco Santander from Neutral to Buy
Credit Suisse upgraded Banco Santander from Neutral to Outperform
Goldman initiated coverage of Banco Santander with a rating of Buy
Jefferies upgraded Banco Santander from Hold to Buy
Citigroup resumed coverage of Banco Santander with a rating of Neutral
Credit Suisse downgraded Banco Santander from Outperform to Neutral