Notable Reporting: It Seems Banco Santander, S.A. (ADR) Will Go Down. Have Another Big Decline

Notable Reporting: It Seems Banco Santander, S.A. (ADR) Will Go Down. Have Another Big Decline

The stock of Banco Santander, S.A. (ADR) (NYSE:SAN) is a huge mover today! About 2.27M shares traded hands. Banco Santander, S.A. (ADR) (NYSE:SAN) has risen 0.89% since March 4, 2016 and is uptrending. It has underperformed by 7.15% the S&P500.
The move comes after 6 months negative chart setup for the $63.81B company. It was reported on Oct, 7 by We have $4.08 PT which if reached, will make NYSE:SAN worth $4.47 billion less.

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. The firm has “Overweight” rating by Barclays Capital given on Tuesday, September 6. Kepler Cheuvreux downgraded Banco Santander, S.A. (ADR) (NYSE:SAN) on Friday, July 31 to “Hold” rating. On Friday, August 14 the stock rating was upgraded by HSBC to “Reduce”. BNP Paribas upgraded Banco Santander, S.A. (ADR) (NYSE:SAN) on Monday, January 11 to “Outperform” rating. The firm earned “Buy” rating on Friday, September 18 by Citigroup. On Friday, August 28 the stock rating was upgraded by Deutsche Bank to “Hold”. The stock of Banco Santander, S.A. (ADR) (NYSE:SAN) earned “Neutral” rating by JP Morgan on Wednesday, September 30. JP Morgan upgraded the shares of SAN in a report on Monday, April 25 to “Overweight” rating. The firm has “Conviction Buy” rating by Goldman Sachs given on Tuesday, March 8.

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 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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