Santander's geographic diversification across Brazil, Mexico, Spain, UK, US, and Poland provides earnings stability that Spain-only peers lack. LatAm operations benefit from EM rate normalization tailwinds. Openbank digital franchise scaling profitably. Capital return discipline restored under Botin. Trades at deep discount to UK and Italian peers despite better returns.
Thesis reviewed May 29, 2026
Banco Santander SA is headquartered in Spain, which is currently showing moderate signals.
🇪🇸Spain48NEUTRALView Spain risk detail →🏦Financials100NEUTRAL| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| BAC | Bank of America Corporation | 90 | +8% | ↓86% | NEUTRAL |
| SAN | Banco Santander SA | 90 | +16% | ↓86% | ENTRY |
| AIG | American International Group, Inc. | 90 | +3% | ↓86% | NEUTRAL |
| IBN | ICICI Bank Limited | 90 | +11% | ↓86% | ENTRY |
| MCO | Moody's Corporation | 90 | +18% | ↓86% | ENTRY |
| AXP | American Express Company | 90 | +6% | ↓86% | ENTRY |
| USB | U.S. Bancorp | 90 | +10% | ↓86% | ENTRY |
Investors who hold SAN may also have indirect exposure through these country funds.
Santander Brazil delivers 18% ROE on credit normalization
Mexico delivers double-digit loan growth as nearshoring boosts demand
Santander announces EUR 3B buyback program
Estimates · Yahoo Finance · Not audited figures
| Politician | Party | Type | Amount | Trade Date | Return |
|---|---|---|---|---|---|
| Alan Armstrong | Buy | $1k–$15k | Mar 31, 26 | ||
| Alan Armstrong | Buy | $15k–$50k | Mar 30, 26 | ||
| Gilbert CisnerosCA | Buy | $1k–$15k | Jun 9, 26 | ||
| Gilbert CisnerosCA | D | Buy | $1k–$15k | Feb 3, 26 | +6.5% |
Hearing: MARKUP OF H.R. 1163, PROVE IT ACT OF 2025; H.R. 2027, RETURNING SBA TO MAIN STREET ACT; H.R. 2987, CAPPING EXCESSIVE AWARDING OF SBLC ENTRANTS (CEASE) ACT; H.R. 2931, SAVE SBA FROM SANCTUARY CITIES ACT; H.R. 2968, BUSINESS OVER BALLOTS ACT; H.R. 2965, SMALL BUSINESS REGULATORY REDUCTION ACT OF 2025; H.R. 2966, AMERICAN ENTREPRENEURS FIRST ACT
[House Hearing, 119 Congress] [From the U.S. Government Publishing Office] PARTISAN AND PROFITABLE: THE SPLC'S INFLUENCE ON FEDERAL CIVIL RIGHTS POLICY ======================================================================= HEARING BEFORE THE SUBCOMMITTEE ON THE CONSTITUTION AND LIMITED GOVERNMENT OF THE COMMITTEE ON THE JUDICIARY…
[House Hearing, 119 Congress] [From the U.S. Government Publishing Office] MADE IN THE USA: IGNITING THE INDUSTRIAL RENAISSANCE OF THE UNITED STATES ======================================================================= HEARING BEFORE THE SUBCOMMITTEE ON ECONOMIC GROWTH, ENERGY POLICY, AND REGULATORY AFFAIRS …