Banco Santander (ADR) (SAN)
Connects local banking franchises across Europe and the Americas through five global businesses.
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Provides retail and commercial banking, consumer finance, corporate and investment banking, wealth and insurance, and payments across Europe and the Americas. Country franchises keep local balance sheets and regulation while five global businesses share products and platforms across markets.
Runs retail and commercial banking, digital consumer finance, corporate and investment banking, wealth and insurance, and payments through country franchises spanning Spain, other European markets, Latin America, the UK, and the US.
Combines local customer relationships and balance sheets with globally managed products and platforms. The model reuses technology and product capabilities across markets while preserving country-level operations and regulatory accountability.
Growth has come through acquisitions and brand integration, including major franchises in the UK, Brazil, and the US. The structure depends on coordinating local regulation, anti-money-laundering controls, data access, and capital across a multinational group; the five global businesses sit above nine country units and Digital Consumer Bank Europe.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Mar 23, 2026 | Morgan Stanley | Upgrade | ||
| Feb 23, 2026 | RBC Capital Mkts | Upgrade | ||
| Jan 13, 2026 | Kepler | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $157.82B · Total debt $515.57B · Total assets $2.24T · Shareholders' equity $125.04B
- Revenue
- $38.30B
- Operating income
- $5.55B
- Net income
- $4.09B
Reported in EUR, converted at the latest exchange rate
HistoryDividendAnnual yield
| Institutions | 3.45% | 506.27M ADS | |
|---|---|---|---|
| 672 holders · as of Jun 30, 2026 | |||
| Other | 96.55% | 14.18B ADS | |
| remainder | |||
14.69B ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Morgan StanleyInstitution | 0.60% | 88.35M ADS | as of Jun 30, 2026 |
Goldman Sachs Group IncInstitution | 0.32% | 47.11M ADS | as of Jun 30, 2026 |
FMR LLCInstitution | 0.28% | 41.37M ADS | as of Jun 30, 2026 |
Fisher Asset Management, LLCInstitution | 0.22% | 32.89M ADS | as of Jun 30, 2026 |
Mondrian Investment Partners LtdInstitution | 0.13% | 19.39M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- BBVA (ADR)
Closest cross-border peer across Spain, Mexico, CIB and payments
- Itaú Unibanco (ADR)
Broad Brazilian rival in retail, cards, wholesale and wealth
- HSBC (ADR)
UK and global wholesale rival with major wealth and payments reach
- Barclays (ADR)
UK universal-bank and global investment-banking rival
- Lloyds Banking Group (ADR)
Scale UK rival in retail, mortgages, commercial banking and motor finance
- JPMorgan Chase
Scaled rival in CIB, payments, US commercial banking and wealth
- Nu
Digital challenger in Brazil and Mexico retail banking and cards
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Banco Santander (ADR) | $14.46 | −1.13% | $214.60B | 12.4 | 10.5 | 2.1 | +6.2% |
| BBVA (ADR) | $28.54 | −1.28% | $159.74B | 13.4 | 10.5 | 2.9 | +17.8% |
| Itaú Unibanco (ADR) | $8.33 | −1.48% | $93.13B | 10.6 | 10.9 | 1.2 | −51.6% |
| HSBC (ADR) | $101.31 | −1.84% | $354.70B | 14.9 | 11.6 | 2.6 | +32.2% |
| Barclays (ADR) | $24.88 | −1.68% | $85.30B | 9.8 | 5.7 | 1.6 | −55.9% |
| Lloyds Banking Group (ADR) | $5.78 | −1.95% | $85.49B | 13.8 | 8.5 | 1.0 | −64.8% |
| JPMorgan Chase | $340.09 | −3.39% | $943.29B | 15.2 | 14.1 | 3.2 | +27.8% |
| Nu | $13.91 | −1.10% | $68.09B | 19.0 | 13.9 | 3.5 | +66.0% |
| Median | 13.8 | 10.9 | 2.6 | +17.8% |