SAN.MC - Banco Santander, S.A.
| Previous close | 2.1465 |
| Open | 2.1800 |
| Bid | 2.1400 x N/A |
| Ask | 2.1375 x N/A |
| Day's range | 2.1000 - 2.2215 |
| 52-week range | 1.9284 - 4.6820 |
| Volume | 68,898,342 |
| Avg. volume | 79,709,548 |
| Market cap | 35.736B |
| Beta (5Y monthly) | 1.38 |
| PE ratio (TTM) | 5.96 |
| EPS (TTM) | 0.3610 |
| Earnings date | 06 May 2020 |
| Forward dividend & yield | 0.20 (9.32%) |
| Ex-dividend date | 30 Apr 2020 |
| 1y target est | N/A |
- Reuters
Spain's Santander cancels final dividend on 2019 earnings
Spain's Santander will cancel the payment of a final dividend against its 2019 earnings and save the money to boost capital defences against the impact of the coronavirus outbreak. The European Central Bank has told lenders to skip dividend payments and share buybacks until October at the earliest and use profits to support an economy hamstrung by restrictions on movement implemented to stop the spread of the virus. Santander will wait until "there is more visibility of the effects of the COVID-19 crisis" and its own 2020 financial results are known before proposing any dividend payments.
- Reuters - UK Focus
Hundreds of loans have been made under UK coronavirus scheme - Treasury
- Yahoo Finance UK
Banks forced to axe dividends and may cut bonuses over COVID-19 crisis
HSBC, Lloyds, Barclays, Royal Bank of Scotland, Santander, and Standard Chartered all said they would axe dividends after pressure from the Bank of England.
- Reuters - UK Focus
European hedge funds struggle as short-selling bans disrupt strategies
European hedge funds struggled to navigate the coronavirus-induced extreme market volatility during March, with many down by double-digits in the space of a few weeks as short-selling bans hampered their strategies. Regulators in France, Italy, Belgium and Spain ordered temporary short-selling bans to stop investors betting on a fall in the share price of companies ranging from Spanish bank Santander to Air France-KLM and Italian automaker Fiat Chrysler. Short-selling is a strategy often used by so-called 'event-driven' or 'merger-arbitrage' hedge funds that bet on takeover or merger deals, reducing their risk by shorting, or selling, the acquirer and buying the target company.
- Yahoo Finance UK
Santander bosses take 50% pay cut to fund Covid-19 fight
Executive chair Ana Botín and chief executive officer José Antonio Alvarez are both reducing pay to fund efforts to fight coronavirus.
- Reuters
Santander Brasil says won't fire workers during coronavirus 'critical period'
Banco Santander Brasil SA , one of Brazil's top lenders, said on Monday that it would refrain from firing workers "amid the most critical period" of the coronavirus outbreak. The bank, which has roughly 47,000 employees, did not specify what it meant by the "most critical period" of the pandemic. Last week, Santander Brasil said it would furlough part of its workforce for 15 days in Sao Paulo and Rio de Janeiro as it closes some branches in both cities due to the coronavirus outbreak.
- Reuters - UK Focus
Spain's Santander will review 2020 dividend payment due to coronavirus
- Reuters - UK Focus
Basel banking watchdog to consider virus measures in coming days
Banks and their supervisors must remain vigilant in light of the evolving nature of the COVID-19 epidemic to ensure that the global banking system remains financially and operationally resilient, global regulators said on Friday. The Basel Committee of banking supervisors from the world's main financial centres said it held a teleconference on Friday and supported measures taken by members so far.
- Reuters
Santander closes almost half of its Spanish branches due to coronavirus - source
Spain's Santander has closed slightly less than half of its branches in Spain to adapt to lower attendance from clients as coronavirus spreads, a source with knowledge of the matter said on Friday. Spain has been in lockdown since Saturday in an attempt to stem the spread of the coronavirus. Santander has recently said it has implemented measures to protect the health of its employees and customers.
- Reuters - UK Focus
Santander closes almost half of its Spanish branches due to coronavirus-source
Spain's Santander has closed slightly less than half of its branches in Spain to adapt to lower attendance from clients as coronavirus spreads, a source with knowledge of the matter said on Friday. Spain has been in lockdown since Saturday in an attempt to stem the spread of the coronavirus. Santander has recently said it has implemented measures to protect the health of its employees and customers.
- Reuters - UK Focus
LIVE MARKETS-The bond sell-off banking paradox
You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London. During the euro zone sovereign debt crisis, there was a direct link between Spanish or Italian banks and the debt issued by their respective governments. Sure other banks like Banco Santander are suffering with a 4.5% fall but that's still below the European average for the sector.
- Reuters
Chairman of Santander's Portuguese unit dies from coronavirus
LISBON/MADRID (Reuters) - The chairman of the Portuguese unit of Spain's largest bank, Santander, Antonio Vieira Monteiro, died from the coronavirus on Wednesday, the second victim of the disease in Portugal, a source familiar with the matter told Reuters. Vieira Monteiro, 73, became chairman of Santander Totta in 2019 after seven years as chief executive. A Santander spokesman confirmed that Vieira Monteiro had died, but would not say if that was from the coronavirus.
- Reuters - UK Focus
GLOBAL MARKETS-Fed's short-term funding CP plan boosts stocks, dollar
A gauge of global equity markets and gold rose on Tuesday after the U.S. Federal Reserve said it would buy short-term corporate debt directly from companies to help relieve credit markets under strain by the impact of coronavirus epidemic. The Fed said the Treasury would provide $10 billion of credit protection to the central bank's commercial paper operation. Gold snapped a five-session decline on the funding effort and stocks on Wall Street rose as the move eased growing fears of a liquidity crunch due to the coronavirus.
- Reuters - UK Focus
UK finance minister tells banks to be flexible over coronavirus
- Reuters - UK Focus
New accounting rule for virus-hit banks faces first big test
An accounting rule introduced after the global financial crisis faces its first big test as banks seek relief in the face of government calls to keep coronavirus-hit borrowers afloat. Known as IFRS9, it is mandatory in over 100 countries, including the European Union and Britain, but not in the United States, where there is a tougher version with full upfront provisioning for expected losses. "Obviously IFRS 9 is an issue for us and all banks in terms of how we recognise any provision," Alison Rose, chief executive of the Royal Bank of Scotland, said on Tuesday.
- Reuters - UK Focus
UK banks press for scrapping stress tests in face of coronavirus - sources
Britain's banks have asked the Bank of England to scrap this year's stress test of lenders and to soften rules to help them cushion expected losses as the coronavirus pandemic hits their staff and customers, banking sources said on Friday. "It would be stupid to run a stress test during a stress," a senior banker told Reuters. The central bank's Financial Policy Committee, which monitors risks in the financial system, typically agrees scenarios for the annual test of banks' resilience at its first quarter meeting and publishes them on March 24.
- Reuters - UK Focus
Santander reports first employee with coronavirus in Spain
- Reuters
Spain's top banks encourage 'virtual' AGMs as coronavirus precaution
Spain's largest banks sought to minimise the business effects of the coronavirus outbreak on Tuesday, with Santander and BBVA both calling on shareholders to participate remotely at their annual general meetings. Twenty-eight people have died in Spain from the coronavirus, with the number of cases jumping on Monday to 1,204, one of Europe's highest, but far less than in Italy. Santander , Spain's largest bank, said that as a precautionary measure it had asked employees in its corporate centres in Madrid to work from home for the next 15 days, while a BBVA spokesman said it had closed a building in the capital as a result of a confirmed case of coronavirus.
- Reuters - UK Focus
Revolut hires former Goldman Sachs banker Michael Sherwood
- Simply Wall St.
Ana Botín-Sanz de Sautuola y O'Shea Is The Group Executive Chairman of Banco Santander, S.A. (BME:SAN) And They Just Spent €3.4m On Shares
Banco Santander, S.A. (BME:SAN) shareholders (or potential shareholders) will be happy to see that the Group Executive...
- Zacks
U.S. Bancorp's Elavon to Sell Mexico Operation to Santander
U.S. Bancorp's (USB) move to divest Mexico-based operations to Santander might help improve operational efficiency.
