Added to YB: 2026-09-16
Pitch date: 2026-09-10
SAN [neutral]
Banco Santander, S.A.
Author Info
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Company Info
Banco Santander, S.A. provides various financial products and services to individuals, small and medium-sized enterprises, large corporations, and public entities worldwide.
Market Cap
EUR 186.3B
Pitch Price
N/A
Price Target
N/A
Dividend
1.94%
EV/EBITDA
N/A
P/E
14.61
EV/Sales
N/A
Sector
Banks
Category
turnaround
Santander (SAN Spain): Sacrificing near-term revenue to rebuild credit quality
SAN (earnings): Santander Brasil remains the group’s main operational repair project, with Q2 net profit down 20% sequentially and 18% year over year as revenue fell 3% and return on allocated capital dropped below 13% versus a ~20% medium-term ambition. Safer lending is depressing near-term revenue before credit benefits emerge; with NPLs and provisions still rising, management now expects the difficult phase to extend into 2027.
Read full article (2 min)