Stock Worth Watching: What’s in Banco Santander, S.A. (ADR) After Today’s Big Increase?

Stock Worth Watching: What's in Banco Santander, S.A. (ADR) After Today's Big Increase?

The stock of Banco Santander, S.A. (ADR) (NYSE:SAN) is a huge mover today! About 7.51M shares traded hands or 38.56% up from the average. Banco Santander, S.A. (ADR) (NYSE:SAN) has risen 7.56% since February 26, 2016 and is uptrending. It has underperformed by 2.87% the S&P500.
The move comes after 6 months positive chart setup for the $63.60 billion company. It was reported on Oct, 1 by Barchart.com. We have $6.26 PT which if reached, will make NYSE:SAN worth $29.89 billion more.

Analysts await Banco Santander, S.A. (ADR) (NYSE:SAN) to report earnings on November, 3.

Banco Santander, S.A. (ADR) (NYSE:SAN) Ratings Coverage

Out of 8 analysts covering Banco Santander (NYSE:SAN), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. Banco Santander has been the topic of 10 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Citigroup upgraded the shares of SAN in a report on Friday, September 18 to “Buy” rating. The rating was upgraded by HSBC to “Reduce” on Friday, August 14. The stock of Banco Santander, S.A. (ADR) (NYSE:SAN) has “Neutral” rating given on Wednesday, September 30 by JP Morgan. The rating was upgraded by JP Morgan to “Overweight” on Monday, April 25. The company was upgraded on Tuesday, March 8 by Goldman Sachs. The stock has “Hold” rating given by Deutsche Bank on Friday, August 28. The stock has “Overweight” rating given by Barclays Capital on Tuesday, September 6. The firm has “Hold” rating given on Friday, July 31 by Kepler Cheuvreux. The stock of Banco Santander, S.A. (ADR) (NYSE:SAN) earned “Outperform” rating by BNP Paribas on Monday, January 11.

According to Zacks Investment Research, “Banco Santander SA is the biggest bank in Spain and the biggest international bank in Latin America as well. The Bank concentrates its activities in Andalucia, Castilla-Leon, Catalonia, Madrid, Valencia and Cantabria. The Bank provides banking services for individuals and companies, leasing, factoring, stockbrokerage and mutual fund services.”

Another recent and important Banco Santander, S.A. (ADR) (NYSE:SAN) news was published by Businessfinancenews.com which published an article titled: “Banco Santander, S.A. (ADR): Is Raising Dividend the Only Way Out?” on March 21, 2016.

SAN Company Profile

Banco Santander, S.A., incorporated on January 14, 1875, is a retail and commercial bank. The Bank’s principal business is to attract deposits and provide loans. The Bank focuses its wholesale banking offer on providing services to its main clients in local markets. The Company’s commercial model satisfies the needs of all types of customers: individuals with different income levels; companies of any size and different sectors of activity; private companies, and public institutions. The Banks divisions include Continental Europe, United Kingdom, Latin America and United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country. The Latin America segment embraces all its financial activities conducted through its banks and subsidiaries in the region. The United States segment includes the holding company, Santander Holdings USA (SHUSA), the businesses of Santander Bank, Santander Consumer USA and Banco Santander Puerto Rico, the specialized unit of Banco Santander International and Spanish Branch of Santander in New York.

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