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Banco Santander SA (SAN.N)

SAN.N on New York Stock Exchange

2.91USD
25 Nov 2020
Change (% chg)

$-0.02 (-0.68%)
Prev Close
$2.93
Open
$2.89
Day's High
$2.91
Day's Low
$2.86
Volume
744,751
Avg. Vol
1,413,094
52-wk High
$4.32
52-wk Low
$1.78

Latest Key Developments (Source: Significant Developments)

Santander Agrees To Capital Increase Against Reserves Approved By General Shareholders Meeting
Thursday, 12 Nov 2020 

Nov 12 (Reuters) - Banco Santander SA ::EXECUTIVE COMMITTEEE AGREES TO EXECUTE CAPITAL INCREASE AGAINST RESERVES APPROVED BY GENERAL SHAREHOLDERS MEETING.INCREASE AMOUNTS TO 361.3 MILLION EUROS, TO ISSUE 722.5 MILLION ORDINARY SHARES OF SAME CLASS AND SERIES AS THOSE CURRENTLY IN CIRCULATION.  Full Article

Santander Brasil CEO says fast payments platform likely to hit banks' fee income
Wednesday, 28 Oct 2020 

Oct 27 (Reuters) - :SANTANDER BRASIL CEO SERGIO RIAL SAYS BANK LIKELY TO POST BEST YEAR IN TERMS OF TREASURY GAINS.SANTANDER BRASIL CEO SAYS COUNTRY MUST SHOW SIGNS OF IMPROVEMENT ON FISCAL SIDE TO LURE INVESTMENTS.SANTANDER BRASIL CEO SAYS CORPORATE LOAN DEMAND TO PICK UP BY YEAR-END.SANTANDER BRASIL CEO SAYS RETAIL LOAN DEMAND IS GROWING AT ONE DIGIT PACE.SANTANDER BRASIL CEO SAYS BANK CUT ROUGHLY 2,000 JOBS DUE TO "EMPLOYEE PERFORMANCE".SANTANDER BRASIL CEO SAYS GOVERNMENT FAST PAYMENTS PLATFORM LIKELY TO HIT BANKS' FEE INCOME.  Full Article

Santander Brasil CFO says bank does not expect further extraorinary provisions
Tuesday, 27 Oct 2020 

Oct 27 (Reuters) - :SANTANDER BRASIL CFO SEES BANK IS OBSSESED WITH EFFICIENCY.SANTANDER BRASIL CFO SEES RENEGOTIATION PLATFORM REACHING 500 MILLION REAIS EARNINGS BEFORE TAXES IN 5 YEARS.SANTANDER BRASIL CFO SEES AGRICULTURAL LOAN BOOK AT 30 BILLION REAIS BY 2022.SANTANDER BRASIL CFO SAYS PROVISIONS ARE AT PROPER LEVEL TO COVER POTENTIAL FUTURE LOSSES.SANTANDER BRASIL CFO SAYS EARLY DEFAULT RATIO IN DEFERRED LOAN PORTFOLIO REACHED 5.1% IN Q3.SANTANDER BRASIL CFO SAYS EARLY STAGE LOAN DELINQUENCY IS UNDER CONTROL.SANTANDER BRASIL CFO SAYS DEFERRED LOAN PORTFOLIO WENT DOWN 3 BILLION REAIS IN Q3.SANTANDER BRASIL CFO SAYS BANK DOES NOT EXPECT FURTHER EXTRAORDINARY PROVISIONS IN COMING QUARTERS.SANTANDER BRASIL CFO SAYS 90-DAY DEFAULT RATIO LIKELY TO RISE IN COMING MONTHS.  Full Article

Santander's CEO Expects To Accelerate Cost-Cutting Measures In The UK
Tuesday, 27 Oct 2020 

Oct 27 (Reuters) - Chief Executive Officer Of Spain's Santander , Jose Antonio Alvarez::EXPECTS COST OF RISK TO FALL IN CONSUMER FINANCE IN EUROPE NEXT YEAR.EXPECTS TO ACCELERATE COST-CUTTING MEASURES IN THE UK.EXPECTS POSITIVE EVOLUTION OF NET INTEREST INCOME BOTH IN THE UK AND SPAIN.  Full Article

Santander's Chairman Says Would Tell Unions First On Measures Affecting Staff
Tuesday, 27 Oct 2020 

Oct 27 (Reuters) - Chairman Of Spain's Santander , Ana Botin::SAYS IF THERE ARE ANY MEASURES AFFECTING OUR STAFF WE WOULD TELL UNIONS FIRST, ASKED ABOUT JOB CUTS IN SPAIN.  Full Article

Santander Says Branches And Digital Strategy Will Go Hand In Hand
Tuesday, 27 Oct 2020 

Oct 27 (Reuters) - Chairman Of Spain's Santander , Ana Botin::SAYS BANKING MODEL BASED ON BRANCHES WILL GO HAND IN HAND WITH DIGITAL STRATEGY.  Full Article

Santander Will Make Structural Changes On Its Financial Services Platform
Tuesday, 27 Oct 2020 

Oct 27 (Reuters) - Chairman Of Spain's Santander , Ana Botin::SAYS BANK WILL MAKE THREE STRUCTURAL CHANGES ON ITS FINANCIAL SERVICES PLATFORM TO BE MORE PROFITABLE.SAYS DESPITE SECOND WAVE OF CORONAVIRUS THERE IS MORE VISIBILITY NOW TO POTENTIALLY SEE LOWER COST OF RISK IN 2021.  Full Article

Santander Q3 Net Profit At 1.75 Bln Euros
Tuesday, 27 Oct 2020 

Oct 27 (Reuters) - Banco Santander SA ::SAYS 9-MONTH NET INTEREST INCOME 23.98 BILLION EUROS (NOT 23.96 BILLION EUROS).Q3 NET INTEREST INCOME 7.77 BILLION EUROS.Q3 NET PROFIT 1.75 BILLION EUROS.SAYS FULLY-LOADED CORE TIER 1 CAPITAL RATIO 15.59% AT END-SEPT..BAD LOAN RATIO 3.15% AT END-SEPT..RETURN ON TANGIBLE EQUITY (ROTE) 3.30% AT END-SEPT..9-MONTH LOSS 9.05 BILLION EUROS.  Full Article

Santander's CEO Sees No Need To Increase Its Scale Through Acquisitions
Tuesday, 27 Oct 2020 

Oct 27 (Reuters) - Chief Executive Officer Of Spain's Santander , Jose Antonio Alvarez::SEES "SIGNIFICANT" REVENUE GROWTH IN LATIN AMERICAN MARKETS IN LOCAL CURRENCIES.SEES NO NEED TO INCREASE ITS SCALE THROUGH ACQUISITIONS IN ITS MAIN MARKETS, REMAINS FOCUSED ON ORGANIC GROWTH.  Full Article

Santander Has Not Decided When To Release Next Strategic Plan Due To Uncertainty
Tuesday, 27 Oct 2020 

Oct 27 (Reuters) - Chief Executive Officer Of Spain's Santander , Jose Antonio Alvarez::SAYS BANK HAS NOT TAKEN A DECISION ON WHEN TO RELEASE NEXT STRATEGIC PLAN DUE TO CURRENT COVID-19 UNCERTAINTY.  Full Article

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Wirecard's tech assets and platform bought by Banco Santander

FRANKFURT Wirecard's insolvency administrator Michael Jaffe on Monday said the payment system provider's technology platform had been sold to Spain's Banco Santander .