RESEARCH REPORT
Banco Santander, S.A. Sponsored
SAN
$11.19
As of 2026-11-01
Research note — 2026-11-01. Educational analysis, not financial advice.
The one-line version
Banco Santander, S.A. Sponsored trades near $11.19 on a trailing multiple of about 10.6x versus its own 5-year median near 10.6x, against contested Street targets and the usual concentration and execution risks. That's the tension. Everything below is the detail.
That's the tension. Everything below is the detail.
1. What you're paying
| Now | Its own 5-year median | Gap | |
|---|---|---|---|
| P/E (trailing) | ~10.6 | ~10.6 | +0% |
| P/E (forward) | ~8.0 | — | — |
| EPS (TTM) | 1.06 | — | — |
| Gross margin | n/a% | — | — |
What that means in plain terms: the gap versus the company's own history is the growth or durability the market is already pricing. It is not automatically wrong — it is the bet.
Fair-value anchors on file:
- 5-year median P/E multiple: $11.19 — Applies the 5-year median multiple (10.6x) to trailing EPS.
- Street mean target: $14.56 — Average published analyst target.
- Street target midpoint: $14.29 — Midpoint of $13.00–$15.57 published range.
Street targets run from $13.00 to $15.57. A wide spread means the name is contested, not consensus.
2. What the bulls are counting on
- Cake Digital Bank Wins Gold at Qorus-Infosys Finacle Banking Innovation Awards 2026
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Bull case, bear case, assumptions, and what to watch next.
3. What the bears see
- KBRA Assigns Preliminary Ratings to Sierra Residential DAC
- European Bank M&A Is Back With A Bang
- Banco Santander Brasil Stock And 2 More Ways To Play Brazil’s High Rates
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Bull case, bear case, assumptions, and what to watch next.
4. What would have to be true
For the stock to justify ~10.6x rather than its 5-year ~10.6x, roughly all of the following need to neutral:
- Growth or margin durability shows up in the next several reports, not just in narrative.
- Key revenue concentrations survive competitive and regulatory pressure.
- Execution on the current product or services cycle stays on schedule.
- The Street target range compresses as results clarify the contested assumptions.
Ask yourself honestly: how many of those would you bet on individually? Multiply your answers together.
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Bull case, bear case, assumptions, and what to watch next.
5. What to watch next
- Next earnings date: 1793190600
- Trailing and forward multiples versus the company's own history
- Segment growth rates in the next 10-Q / earnings release
- Material Form 4 and 13F changes
- Whether the Street high-to-low target spread narrows or widens
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Bull case, bear case, assumptions, and what to watch next.
6. What this note does not do
It doesn't tell you to buy or sell. It won't, ever.
You have the valuation in context, the strongest version of both cases, and the specific assumptions the current price depends on. What you do with that depends on your time horizon, your existing exposure, your risk tolerance, and what else you could do with the money — none of which we know.
If you want someone to tell you what to do, you want a licensed financial adviser, and that is a genuinely reasonable thing to want.
Educational and informational purposes only. Not investment advice and not a recommendation to buy or sell any security. GetStockReport is not a registered investment adviser. Figures are as of 2026-11-01 and go stale quickly — verify against primary sources before acting. All investments carry risk including loss of principal. Past performance does not guarantee future results.
8. Analyst ratings & targets
No recent activity
Analyst opinions change frequently. Past upgrades do not predict future returns.
9. Important news
BOSTON, November 06, 2026--Santander Holdings USA, Inc. ("SHUSA") today announced that its Board of Directors declared a quarterly cash dividend of $328.125 per share ($0.328125 per each depositary share (the "Depositary Shares"), NYSE: SNUS PF H, CUSIP 80282 K700, 1,000 of which represents one preferred share) on its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series H ("Series H Preferred Stock"), payable December 15, 2026, to shareholders of record on November 30, 2026.
Nov 5, 2026|Opportunity to Earn More on Savings Reemerging as Middle-Income Households Seek to Offset Price Pressures(Yahoo)
BOSTON, November 05, 2026--Santander Holdings USA, Inc. ("Santander US") today released findings from its Santander US Paths to Financial Prosperity Q3 2026 survey of middle-income householders showing many have an opportunity to earn more on their savings at a time when they are concerned about rising prices.
Nov 5, 2026|3 Eurozone Bank Stocks Facing The Real Test Of Higher Rates(Yahoo)
Rising public debt, stickier interest rates and growing scrutiny of non-bank finance have turned eurozone cash and liquidity players into a live stress test for the financial system. That mix can punish weak balance sheets and reward cleaner, transaction driven models, so sitting on the sidelines carries its own risk of missing a repricing. This article walks through three eurozone financial stocks exposed to these themes and explains how the same backdrop could either help or hurt each...
Nov 5, 2026|Banco Santander (BME:SAN) Stock May Be 43% Undervalued Following AI Progress(Yahoo)
Banco Santander has delivered very strong share gains over the past five years, which puts a spotlight on whether the current price is properly supported by the returns the bank earns on its capital. With that kind of track record now intersecting with fresh headlines around both AI progress and legal scrutiny, the key question is how much of those capital returns are already built into the stock. Over the last 5 years the share price has climbed 285.8%, which makes the link between...
Nov 4, 2026|Avantus Increases Corporate Credit Facility to $1.28 Billion, Adds Five New Lenders(Yahoo)
SAN DIEGO, November 04, 2026--Avantus, a leading developer, owner and operator of utility-scale solar and storage projects, today announced it has further upsized its corporate credit facility, increasing total commitments to $1.28 billion. The expanded facility builds on the $1.05 billion facility the company closed in August 2026.
News headlines are reported as-is. Verify important claims with original sources.
10. Insider Form 4 activity
No recent activity
Form 4 filings are routine transactions. Scheduled sales (10b5-1 plans) are normal and not signals.
11. Institutional 13F holdings
| Fund | Shares | Position | Change |
|---|---|---|---|
| BlackRock | 499,976 | $9.4B | — |
| Vanguard Group | 105,141 | $3.3B | — |
| State Street | 38,714 | $534.3M | — |
| BlackRock Institutional Trust | 582,805 | $53.7M | — |
These are 45-day lagged filings (SEC requirement). Position changes happened in the past.
12. Earnings this week
No recent activity
Earnings dates are estimates and may shift. EPS estimates are consensus, not predictions.