BSANTANDER.SN - Banco Santander-Chile

Santander bets on exporters to boost its UK banking business

Santander, one of Europe's biggest banks, is targeting British companies grappling with post-Brexit trading snags, in a direct tilt at a business where rivals like HSBC have traditionally dominated. The British arm of the Spanish bank is expanding its services to businesses trading internationally as it chases an edge in the competitive corporate lending sector, going head to head with the likes of HSBC - which once styled itself as 'the world's local bank'. Santander's Navigator platform, a key cog in the corporate and commercial strategy overseen by UK CEO Mike Regnier, seeks to match clients with export ambitions to possible partners, customers and suppliers across the bank's global network.

Credit Suisse Loses Three More US-Based Investment Bankers

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Is Banco Bilbao Viscaya Argentaria (BBVA) Outperforming Other Finance Stocks This Year?

Here is how Banco Bilbao (BBVA) and Banco Santander (SAN) have performed compared to their sector so far this year.

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The eleven savings accounts with the best interest rates for 2023

Rising interest rates are good news for savers, who until recently earned next to nothing on the money sitting in their bank accounts.

Zacks Industry Outlook Highlights Banco Santander, Deutsche Bank and Bancolombia

Banco Santander, Deutsche Bank and Bancolombia have been highlighted in this Industry Outlook article.

3 Foreign Bank Stocks to Benefit From the Prospering Industry

Despite concerns related to higher restructuring costs and uneven economic growth, Zacks Foreign Bank industry stocks like SAN, Deutsche Bank and Bancolombia are poised to benefit.

Santander's Botin blames mismanagement for banking sector turmoil

The chairman of Spain's Santander, Ana Botin, warned on Tuesday against more regulation in the financial industry and said that in part mismanagement was to blame for the recent banking turmoil in the sector. "The one thing I would say first is we have to do a good diagnosis, but the one thing we don't need is more regulation," Botin, who also heads trade body IIF, said at an event in Brussels. Botin made those comments at a moment when the European Central Bank is considering whether requirements tailored to individual lenders could help address the risks arising for those holding large amounts of uninsured deposits, a document showed.

Japan's Mizuho Buys US Investment Bank GreenHill for $550 Million

Play The Godfather theme song because Mizuho Bank CEO Tatsufumi Sakai believes in America. At a time when more foreign banks seem to be going...

Why investing with your bank could be an expensive mistake

One of the first and most important questions you need to ask yourself before you start investing is which platform you should trust with your nest egg.

Should Value Investors Buy Banco Santander (SAN) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

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Best Momentum Stock to Buy for May 12th

BSAC made it to the Zacks Rank #1 (Strong Buy) momentum stock list on May 12, 2023.

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HSBC's Focus in the Asia Region Aids, Rising Expenses Ail

HSBC is poised for growth driven by a focus on Asia, global restructuring initiatives and a solid capital position. However, macroeconomic uncertainties and rising costs pose headwinds.

Is Itau Unibanco (ITUB) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Santander sells distressed loan portfolio worth 1.1 billion euros - Expansion

Spain's Santander has agreed to sell a portfolio of distressed loans with a gross value of 1.1 billion euros ($1.21 billion) to U.S. private equity fund Cerberus and real estate loan manager Axactor, Expansion reported on Friday. The loan portfolio, dubbed 'Spirit project', includes personal loans, some mortgages, and loans to medium and small companies, Expansion said, citing unidentified financial sources. The first loan portfolio, of around 660 million euros, was sold to Gescobro, a Spanish unit of Cerberus, and the second, of around 440 million euros, to Axactor, it said.

Banco Santander (SAN) Upgraded to Buy: Here's Why

Banco Santander (SAN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Are Finance Stocks Lagging Banco Bilbao Viscaya Argentaria (BBVA) This Year?

Here is how Banco Bilbao (BBVA) and Banco Santander (SAN) have performed compared to their sector so far this year.

Santander Brasil posts Q1 net profit down 46.6%

Banco Santander Brasil SA on Tuesday reported a first quarter net profit of 2.14 billion reais ($425.09 million), down 46.6% from a year earlier but still above analysts' forecasts of 1.83 billion in a Refinitiv poll. The Brazilian unit of Spain's Banco Santander SA has been trying to be more selective in lending for more than a year now, as credit conditions deteriorated, but in the meantime posted some weak quarterly results. The lender's chief executive, Mario Leao, said in a statement that Santander started 2023 with a focus on strengthening its balance sheet, but even so managed to increase its portfolio in some strategic businesses such as auto, payroll and real estate loans.

Santander profit beat overshadowed by weak quarter in Brazil

Spain's Santander on Tuesday beat forecasts with a 1% rise in first-quarter net profit as a strong performance in Europe offset weaker trade in Brazil and the United States. Its net profit rose to 2.57 billion euros helped by higher lending income and despite a hit of 224 million euros from a new tax in Spain. That topped the 2.45 billion euros expected by analysts polled by Reuters, while excluding the tax, profit rose 10%.

SVNLY or BSAC: Which Is the Better Value Stock Right Now?

SVNLY vs. BSAC: Which Stock Is the Better Value Option?

Why bank blunders can turn your house move into a living nightmare

An already stressful day can become a weekend-long ordeal if funds fail to arrive in time to seal the deal

Santander to raise stake in Mexican unit to 99.8%, delist shares

Santander will increase its stake in its Mexican unit to 99.8% from 96.2% following a tender offer for all outstanding shares in the business, the Spanish bank said on Tuesday, as it moves ahead with plans to delist it. Over the past few years Santander has expanded in emerging economies in search of faster growth than in Europe, where ultra-low interest rates had made banking less profitable. Spain's biggest bank had set the offer price to Santander Mexico shareholders at 24.52 Mexican pesos ($1.35) for each Series B share in Mexico and the U.S. dollar equivalent of 122.6 pesos for each American Depositary Share (ADS) listed in New York.

Spain's Santander reaffirms targets in face of recent market turmoil

MADRID (Reuters) -Spain's Santander said on Friday it was on track to meet its overall financial targets for 2023 and forecast a positive trend in lending and deposits in the first quarter as it tried to restore confidence in the battered financial sector. The bank's 2023 targets include double-digit revenue growth, a return on tangible equity (ROTE) above 15%, a cost to income ratio of 44% to 45%, and a cost of risk, which represents the cost of managing credit risks and potential losses, below 1.2%. The statement from the euro zone's second-biggest lender by market value comes after recent market tensions following the collapse this month of U.S. lender Silicon Valley Bank (SVB) and UBS Group's state-backed takeover of Credit Suisse.

Are Investors Undervaluing Banco Santander (SAN) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.