The stock of Banco Santander, S.A. (ADR) (NYSE:SAN) is a huge mover today! About 2.82 million shares traded hands. Banco Santander, S.A. (ADR) (NYSE:SAN) has declined 13.70% since April 26, 2016 and is downtrending. It has underperformed by 18.96% the S&P500.
The move comes after 7 months positive chart setup for the $64.79B company. It was reported on Nov, 29 by Barchart.com. We have $4.87 PT which if reached, will make NYSE:SAN worth $5.83B more.
Analysts await Banco Santander, S.A. (ADR) (NYSE:SAN) to report earnings on January, 25.
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 12 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was upgraded by Goldman Sachs on Tuesday, March 8 to “Conviction Buy”. The firm earned “Hold” rating on Friday, August 28 by Deutsche Bank. Citigroup upgraded the shares of SAN in a report on Friday, September 18 to “Buy” rating. The firm has “Buy” rating by Natixis given on Tuesday, October 11. Kepler Cheuvreux downgraded the shares of SAN in a report on Friday, July 31 to “Hold” rating. As per Wednesday, September 30, the company rating was downgraded by JP Morgan. HSBC upgraded the stock to “Reduce” rating in Friday, August 14 report. JP Morgan upgraded the stock to “Overweight” rating in Monday, April 25 report. On Monday, January 11 the stock rating was upgraded by BNP Paribas to “Outperform”. The company was upgraded on Tuesday, September 6 by Barclays Capital.
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.”
More recent Banco Santander, S.A. (ADR) (NYSE:SAN) news were published by: Marketwatch.com which released: “Banco Santander SA ADR” on June 04, 2009. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Businessfinancenews.com‘s news article titled: “Banco Santander, S.A. (ADR): Is Raising Dividend the Only Way Out?” with publication date: March 21, 2016 was also an interesting one.
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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