Santander: Still A Good Return, Still Say 'Buy' (But No Longer Cheap)

It's time for me to provide my quarterly update for Banco Santander, S.A. (NYSE: SAN ). Since I last wrote about the bank, we're only up around 3%, with the S&P 500 up around 5%. But I look at the return sinceAnalyst’s Disclosure: I/we have a beneficial long position in the shares of SAN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relati ...