The stock of Banco Santander, S.A. (ADR) (NYSE:SAN) is a huge mover today! About 726,301 shares traded hands. Banco Santander, S.A. (ADR) (NYSE:SAN) has declined 2.45% since March 9, 2016 and is downtrending. It has underperformed by 9.86% the S&P500.
The move comes after 9 months positive chart setup for the $63.59B company. It was reported on Oct, 12 by Barchart.com. We have $6.50 PT which if reached, will make NYSE:SAN worth $30.52 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 9 analysts covering Banco Santander (NYSE:SAN), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. Banco Santander has been the topic of 11 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Natixis upgraded Banco Santander, S.A. (ADR) (NYSE:SAN) on Tuesday, October 11 to “Buy” rating. The stock has “Overweight” rating given by Barclays Capital on Tuesday, September 6. The stock of Banco Santander, S.A. (ADR) (NYSE:SAN) has “Hold” rating given on Friday, August 28 by Deutsche Bank. The stock of Banco Santander, S.A. (ADR) (NYSE:SAN) has “Overweight” rating given on Monday, April 25 by JP Morgan. The firm has “Hold” rating by Kepler Cheuvreux given on Friday, July 31. On Monday, January 11 the stock rating was upgraded by BNP Paribas to “Outperform”. The firm has “Neutral” rating by JP Morgan given on Wednesday, September 30. The firm earned “Buy” rating on Friday, September 18 by Citigroup. The firm earned “Reduce” rating on Friday, August 14 by HSBC. As per Tuesday, March 8, the company rating was upgraded by Goldman Sachs.
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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