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Banco Santander(SAN) - 2024 Q2 - Earnings Call Transcript
2024-07-24 14:30
I am joined here today by our CEO, Mr. Hector Grisi, and our CFO, Mr. Jose Garcia-Cantera. Following their presentations, we will open the floor for any questions you may have in the Q&A session. [Operator Instructions] Hector Grisi The main highlights of our results in the first half of 2024 are the following. Q2 was another record quarter for Santander, which shows the strength of our strategy and the resilience of our business model. Profit reached €3.2 billion, that's 20% above Q2 '23, even after the im ...
Outperforming The Average With Santander
Seeking Alpha· 2024-07-23 05:04
Many analysts and investors were dubious of my over 2-year endorsement and recommendation/rating of Santander (NYSE:SAN) as an investment. I say value, if invested in properly, comes to those who wait - and indeed, that is what I believe that we are seeing here. The company is now showing S&P500-beating averages and trends, and my position in this bank is now not only firmly in the green but outperforming overall. The company's trajectory is expected to be positive, supported by improved fundamentals and ea ...
Banco Santander(SAN) - 2024 Q1 - Quarterly Report
2024-07-03 10:06
FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of July, 2024 Commission File Number: 001-12518 Banco Santander, S.A. (Exact name of registrant as specified in its charter) Ciudad Grupo Santander 28660 Boadilla del Monte (Madrid) Spain (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F ...
Should Value Investors Buy Banco Santander (SAN) Stock?
ZACKS· 2024-06-24 14:46
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus ...
Banco Santander (SAN) Upgraded to Buy: Here's Why
ZACKS· 2024-06-17 17:01
Banco Santander (SAN) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the nearterm price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relations ...
SAN or SMFG: Which Is the Better Value Stock Right Now?
ZACKS· 2024-06-17 16:40
Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits. SAN currently has a forward P/E rati ...
Down -11.62% in 4 Weeks, Here's Why Banco Santander (SAN) Looks Ripe for a Turnaround
ZACKS· 2024-06-17 14:36
Banco Santander (SAN) has been beaten down lately with too much selling pressure. While the stock has lost 11.6% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier. We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of ...
Lowey Dannenberg, P.C. is Investigating Banco Santander, S.A.
GlobeNewswire News Room· 2024-06-03 13:55
NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating Banco Santander, S.A. ("Banco Santander") (NYSE:SAN) for potential violations of the federal securities laws. The firm's investigation is in connection with the recent Financial Times newspaper report that Iran used accounts held at Banco Santander to covertly move money around the world as part of a sanctions-evading scheme. If you suffered a loss of mo ...
Lowey Dannenberg, P.C. is Investigating Banco Santander, S.A. ("Banco Santander") (NYSE:SAN) for Potential Violations of the Federal Securities Laws and Encourages Investors with more than $100,000 in Losses to Contact the Firm
Newsfilter· 2024-05-17 14:39
Core Viewpoint - Lowey Dannenberg P.C. is investigating Banco Santander for potential violations of federal securities laws related to allegations that the bank facilitated Iran's sanctions-evading financial activities [1]. Group 1: Investigation Details - The investigation is prompted by a report from the Financial Times indicating that Banco Santander was used by Iran to covertly move money globally [1]. - Investors who have suffered losses exceeding $100,000 in Banco Santander securities are encouraged to participate in the investigation [2]. Group 2: About Lowey Dannenberg - Lowey Dannenberg is a law firm that represents both institutional and individual investors who have experienced financial losses due to corporate fraud and violations of federal securities and antitrust laws [3]. - The firm has a strong track record in prosecuting multi-million-dollar lawsuits and has successfully recovered billions for investors [3].
Banco Santander and Iberpay Launch International Real-Time Payments Service
pymnts.com· 2024-05-17 14:26
Banco Santander and Iberpay have processed the first international instant transfers based on the European Payments Council's One-Leg Out Instant Credit Transfer (OCT Inst) scheme. These transfers were initiated and completed in different currency areas Tuesday (May 14), the companies said in a Thursday (May 16) press release. The OCT Inst scheme allows payment service providers in the Single Euro Payments Area (SEPA) to process instant international transfers from and to countries outside the euro area, at ...