|Bid||0.00 x 500000|
|Ask||549.00 x 250000|
|Day's range||493.10 - 506.10|
|52-week range||311.86 - 578.50|
|PE ratio (TTM)||9.49|
|Dividend & yield||N/A (N/A)|
|1y target est||4.48|
The Zacks Analyst Blog Highlights: Stifel Financial, Banco Santander, American Equity Investment Life, Radian Group and OM Asset Management
The Fed, at the September policy review, kept rates unchanged at their current range of 1% to 1.25%, while predicting one final rate hike in 2017 and three more in 2018
Banco Santander shrugged off domestic political turmoil to raise its profitability forecast for next year thanks to stronger economic outlooks in some of its core markets. Santander's shares closed down around 2.9 percent against a 0.27 percent drop on the European STOXX banking index. In a presentation to investors in New York, Spain's biggest bank increased its return on tangible equity (ROTE) target - a key measure of profitability - for 2018 to over 11.5 percent from a prior estimate of 11 percent set out in a strategy plan last year.
MADRID, Oct (Shenzhen: 000069.SZ - news) 10 (Reuters) - Banco Santander (Amsterdam: 817651.AS - news) shrugged off domestic political turmoil to raise its profitability forecast for next year thanks to stronger economic outlooks in some of its core markets. Santander's shares closed down around 2.9 percent against a 0.27 percent drop on the European STOXX banking index. In a presentation to investors in New York, Spain's biggest bank increased its return on tangible equity (ROTE) target - a key measure of profitability - for 2018 to over 11.5 percent from a prior estimate of 11 percent set out in a strategy plan last year.
Spain's Banco Santander said on Tuesday it would increase its return on tangible equity target for 2018 to over 11.5 percent from 11 percent due to a improving economic outlook in its core markets. "We ...
Banco Santander (BSBR) is seeing solid earnings estimate revision activity, and is a great company from a Zacks Industry Rank perspective.
Banco Santander Chile (BSAC) is seeing solid earnings estimate revision activity, and is a great company from a Zacks Industry Rank perspective.
Promotora de Informaciones SA is working with Banco Santander SA on a potential capital increase to bolster its balance sheet after talks to sell an educational book publishing unit stalled on price, according ...
Banco Santander led other European banks lower after Catalans on Sunday voted to split from Spain.
British retail sales growth unexpectedly surged to a two-year high in early September, industry data showed, boosting the chances of a pick-up in the pace of economic growth and a Bank of England interest ...
Spain's Banco Santander (Amsterdam: 817651.AS - news) registered on Tuesday a prospectus to raise up to 981 million euros ($1.2 billion) in subordinated debt as part of a commercial offer to compensate some retail clients who acquired shares and subordinated debt of Banco Popular and were wiped out when the bank was wound down. Popular (NasdaqGS: BPOP - news) was taken over by Santander on June 7 for the symbolic price of one euro after European authorities stepped in to prevent its collapse. When the bank first unveiled details of its compensation offer, it said it was planning to issue up to 980 million euros in subordinated debt.
A buoyant Brazilian business and a revenue boost from Banco Popular helped Banco Santander (Amsterdam: 817651.AS - news) post a 37 percent rise in second-quarter net profit, although the bank's capital and bad loan ratios were hit by the purchase. The euro zone's biggest lender by market value - which consolidated Banco Popular in its accounts for the first time since it took over the troubled Spanish lender on June 7 - reported net profit of 1.75 billion euros ($2.05 billion) in the period from April to June, beating analysts' forecast. Santander's net interest income (NII) - a measure of earnings on loans minus deposit costs - was 8.6 billion euros in the quarter, up 13.6 percent from last year.
Santander is one of the most widely held stocks in this country. More than 1.4 million Britons own shares in Spain's largest bank, courtesy of its takeovers, down the years, of the old Abbey National, ...
LONDON/MADRID, July 21 (Reuters) - Spain's Banco Santander (Amsterdam: 817651.AS - news) is seeking bids by next Monday for some 30 billion euros ($34.91 billion) of property assets from Banco Popular, three sources familiar with the matter said. Santander, the euro zone's biggest bank by market value, launched the sale on June 30 and the tight deadline is a sign the lender wants to quickly draw a line under potential risks linked to the takeover of Banco Popular on June 7. It had initially set itself a 3 year deadline to sell all of Popular (NasdaqGS: BPOP - news) 's bad property assets, one of the factors that brought down the 90-year-old lender.
Spain's Banco Santander (Amsterdam: 817651.AS - news) on Monday launched a 7.1 billion euros ($8.07 billion) rights issue at a price of 4.85 euros per share, a move it had flagged last month when it took over rescued peer Banco Popular for a nominal euro. Based on Santander's closing price of 6.002 euros on Monday, the 1.46 billion new shares will be issued at a discount of 19 percent and existing shareholders will have until July 20 to decide whether they use their preferential subscription right to buy or not into the capital increase. Banco Santander, Citigroup (NYSE: C - news) and UBS (LSE: 0QNR.L - news) will act as joint coordinator for the deal, which has been fully underwritten, Santander said in a notice to Spain's market regulator.
Spain's Banco Santander on Monday launched a 7 billion euros rights issue at a price of 4.85 euros per share, a move it had flagged a month ago when it took over rescued peer Banco Popular for a nominal ...
Santander UK (LSE: 44RS.L - news) customers will be able to apply for a mortgage via video link, in the latest example of lenders investing in technology to increase their market share. The bank has 350 mortgage advisers in 63 of its 1,400 branches across the UK. The branches where these advisers are based are being equipped with the technology needed for the staff to "expand their reach", the bank told Sky News.
The NY Department of Financial services wants information related to the "defeat devices" as well as financing offers for affected vehicles.
Shareholders in Banco Popular have asked Spain's anti-corruption prosecutor to investigate the collapse of the lender, which had to be rescued last week by Santander after a run on its deposits caused regulators to intervene. Around 400 retail investors, represented by the Spanish Association of Minority Shareholders, asked Spain's Anti-Corruption Prosecutor's Office on June 8 to investigate whether Popular (NasdaqGS: BPOP - news) 's chairman Emilio Saracho and former board member Antonio del Valle misled the market and accelerated the bank's demise, a document reviewed by Reuters shows.
Banks and utilities supported European stocks on Wednesday, with relief that Spain's struggling Banco Popular was being rescued by Santander lifting bank shares. The STOXX 600 index fell 0.1 percent, weighed ...
MADRID/BRUSSELS, June 7 (Reuters) - European authorities stepped in to avert a collapse of Spain's Banco Popular following a run on the bank, orchestrating a last-minute rescue on Wednesday by Santander, the country's biggest lender. Owners of Popular bonds faces losses of some 2 billion euros, while Santander will ask its shareholders for around 7 billion euros ($7.9 billion) of capital to absorb Spain's sixth biggest bank.