Sep. 15 at 10:37 AM
WHY?
$SAN Banco Santander is up 108% (1Y chart)
Strong Earnings: In the last 12 months, Santander posted
$14.95 billion in profits on
$58.91 billion in revenue, with EPS of
$0.97. That’s a solid margin for a multinational bank.
Interest Rate Environment: As central banks raised rates globally, Santander benefited from wider net interest margins—especially in Latin America and Europe, where it has deep exposure.
Geographic Diversification: Santander isn’t just a European bank. It’s the largest international bank in Latin America, with growing presence in Asia and North America. That global footprint helped buffer regional volatility.
Valuation Rebound: The stock had been undervalued for years, trading below book value. As fundamentals improved, investors re-rated the stock upward.
