Overview
"Banco Santander S.A. is a Spanish multinational financial services company based in Madrid and Santander, Spain. As the 19th-largest banking institution in the world, Santander maintains a presence in all global financial centres. Although known for its European banking operations, it has extended operations across North and South America and, more recently, continental Asia. The Financial Stability Board considers it a systemically important bank.
Many subsidiaries, such as Abbey National, have been rebranded under the Santander name. The company is a component of the Euro Stoxx 50 stock market index. In June 2023, Santander was ranked 49th in the Forbes Global 2000 list of the world's biggest public companies. Santander is Spain's largest bank."
Basic Stats
The share price of Banco Santander, S.A. as of 5 September 2025 is 8,22 € / share. This is an increase of 0.90% from the prior week. The market cap (or net worth) of Banco Santander, S.A. as of 5 September 2025 is 121.395,98 € MM.
The Factor Analysis chart (below right) shows a view of Banco Santander, S.A. from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | 121,395.98 MM |
| EV | 321,185.39 MM |
| Shares Out. | 15,889.59 MM |
| Earnings Date | |
| EPS (TTM) | 0.84 |
| Dividend Yield | 2.57 % |
| Ex-Dividend Date | 2025-04-29 |
| Borrow Rate | |
| Short Shares Avail. | |
| Short Interest | |
| Short Float | |
| Days to Cover | |
| Risk Free Rate | 4.17 % |
| Price Change (1 yr) | 85.05 % |
| Volatility (1 yr) | 0.30 |
| Beta | 0.95 |
| Sharpe Ratio (1 yr) | 2.68 |
| Sortino Ratio (1 yr) | 4.49 |
| PE Ratio | 9.09 |
| Price/Book | 1.11 |
| Price/TBV | 1.46 |
| Book/Market | 0.90 |
| EBIT/EV | 0.06 |
| EBIT(3yr avg)/EV | 0.05 |
| ROA | 0.01 |
| ROE | 0.13 |
| ROIC | 0.03 |
| CROIC | 0.05 |
| OCROIC | 0.08 |
| Implied Volatility | |
| Put/Call OI Ratio |
| Growth | 70.55 /100 |
| Profitability | 60.20 /100 |
| Quality Score | 33.23 /100 |
| Value Score | 69.74 /100 |
| Momentum Score | 78.18 /100 |
| Stability (Low Vol) Score | 72.47 /100 |
| Analyst Sentiment | 16.84 /100 |
| Fund Sentiment | 85.59 /100 |
| Insider Sentiment | |
| Officer Sentiment | |
| Dividend Score | 52.44 /100 |
| QVM Score | |
| Piotroski F-SCORE | 8.00 /9 |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for Banco Santander, S.A. is 8,33 €. The forecasts range from a low of 7,06 € to a high of 9,95 €. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for Banco Santander, S.A.. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2023-12-18 | DAY BY DAY | Buy | Buy | Maintains |
| 2023-12-15 | ALANTRA EQUITIES | Strong Buy | Strong Buy | Maintains |
| 2023-12-15 | SOCIETE GENERALE | Buy | Buy | Maintains |
| 2023-11-27 | HSBC | Hold | Hold | Maintains |
| 2023-10-31 | INTESA SANPAOLO EQUITY RESEARCH | Buy | Buy | Maintains |
| 2023-10-31 | BNP PARIBAS EXANE | Outperform | Outperform | Maintains |
| 2023-10-30 | DZ BANK | Hold | Hold | Maintains |
| 2023-10-26 | REDBURN ATLANTIC | Neutral | Neutral | Maintains |
| 2023-10-26 | ODDO BHF | Buy | Buy | Maintains |
| 2023-10-26 | LANDESBANK BADEN-WUERTTEMBERG | Buy | Buy | Maintains |
| 2023-10-26 | BERENBERG | Hold | Hold | Maintains |
| 2023-10-25 | ANALISIS BANCO SABADELL | Buy | Buy | Maintains |
| 2023-10-11 | CAIXABANK BPI | Buy | Buy | Maintains |
| 2023-08-28 | HSBC | Hold | Hold | Maintains |
| 2023-08-28 | CAIXABANK BPI | Buy | Buy | Maintains |
| 2023-08-27 | HSBC | Hold | Hold | Maintains |
| 2023-08-27 | CAIXABANK BPI | Buy | Buy | Maintains |
| 2023-08-14 | REDBURN ATLANTIC | Neutral | Neutral | Maintains |
| 2023-08-13 | REDBURN ATLANTIC | Neutral | Neutral | Maintains |
| 2023-08-07 | DAY BY DAY | Buy | Buy | Maintains |
| 2023-08-06 | DAY BY DAY | Buy | Buy | Maintains |
| 2023-08-04 | INTESA SANPAOLO EQUITY RESEARCH | Buy | Buy | Maintains |
| 2023-08-03 | INTESA SANPAOLO EQUITY RESEARCH | Buy | Buy | Maintains |
| 2023-08-03 | BNP PARIBAS EXANE | Outperform | Outperform | Maintains |
| 2023-08-02 | BNP PARIBAS EXANE | Outperform | Outperform | Maintains |
| 2023-07-28 | DZ BANK | Hold | Hold | Maintains |
| 2023-07-27 | DZ BANK | Hold | Hold | Maintains |
| 2023-07-27 | ODDO BHF | Buy | Buy | Maintains |
| 2023-07-27 | ALANTRA EQUITIES | Strong Buy | Strong Buy | Maintains |
| 2023-07-27 | SOCIETE GENERALE | Buy | Buy | Maintains |
| 2023-07-27 | LANDESBANK BADEN-WUERTTEMBERG | Buy | Buy | Maintains |
| 2023-07-27 | CREDIT SUISSE - EUROPE | Outperform | Outperform | Maintains |
| 2023-07-27 | BERENBERG | Hold | Hold | Maintains |
| 2023-07-26 | ODDO BHF | Buy | Buy | Maintains |
| 2023-07-26 | ALANTRA EQUITIES | Strong Buy | Strong Buy | Maintains |
| 2023-07-26 | SOCIETE GENERALE | Buy | Buy | Maintains |
| 2023-07-26 | LANDESBANK BADEN-WUERTTEMBERG | Buy | Buy | Maintains |
| 2023-07-26 | CREDIT SUISSE - EUROPE | Outperform | Outperform | Maintains |
| 2023-07-26 | BERENBERG | Hold | Hold | Maintains |
| 2023-07-26 | ANALISIS BANCO SABADELL | Buy | Buy | Maintains |
| 2023-07-25 | ANALISIS BANCO SABADELL | Buy | Buy | Maintains |
| 2023-06-06 | CAIXABANK BPI | Neutral | Buy | Upgrade |
| 2023-06-05 | CAIXABANK BPI | Neutral | Buy | Upgrade |
| 2023-05-31 | REDBURN LIMITED | Sell | Neutral | Upgrade |
| 2023-05-30 | REDBURN LIMITED | Sell | Neutral | Upgrade |
| 2023-05-29 | DAY BY DAY | Sell | Buy | Upgrade |
| 2023-05-29 | BNP PARIBAS EXANE | Neutral | Outperform | Upgrade |
| 2023-05-28 | DAY BY DAY | Sell | Buy | Upgrade |
| 2023-05-28 | BNP PARIBAS EXANE | Neutral | Outperform | Upgrade |
| 2023-05-22 | HSBC | Buy | Hold | Downgrade |
| 2023-05-21 | HSBC | Buy | Hold | Downgrade |
| 2023-05-16 | CREDIT SUISSE - EUROPE | Neutral | Outperform | Upgrade |
| 2023-05-15 | CREDIT SUISSE - EUROPE | Neutral | Outperform | Upgrade |
| 2023-05-15 | ANALISIS BANCO SABADELL | Buy | Buy | Maintains |
| 2023-05-14 | ANALISIS BANCO SABADELL | Buy | Buy | Maintains |
| 2023-05-09 | BERENBERG | Hold | Hold | Maintains |
| 2023-05-08 | BERENBERG | Hold | Hold | Maintains |
| 2023-04-27 | DZ BANK | Buy | Hold | Downgrade |
| 2023-04-26 | DZ BANK | Buy | Hold | Downgrade |
| 2023-04-26 | ODDO BHF | Buy | Buy | Maintains |
| 2023-04-26 | ALANTRA EQUITIES | Buy | Strong Buy | Upgrade |
| 2023-04-26 | SOCIETE GENERALE | Buy | Buy | Maintains |
| 2023-04-25 | ODDO BHF | Buy | Buy | Maintains |
| 2023-04-25 | ALANTRA EQUITIES | Buy | Strong Buy | Upgrade |
| 2023-04-25 | SOCIETE GENERALE | Buy | Buy | Maintains |
| 2023-04-17 | BNP PARIBAS EXANE | Neutral | Outperform | Upgrade |
| 2023-04-14 | CAIXABANK BPI | Neutral | Buy | Upgrade |
| 2023-04-13 | ALANTRA EQUITIES | Buy | Strong Buy | Upgrade |
| 2023-04-11 | DAY BY DAY | Sell | Buy | Upgrade |
| 2023-04-03 | CREDIT SUISSE - EUROPE | Neutral | Outperform | Upgrade |
| 2023-03-27 | HSBC | Buy | Buy | Maintains |
| 2023-03-26 | HSBC | Buy | Buy | Maintains |
| 2023-03-23 | ODDO BHF | Buy | Buy | Maintains |
| 2023-03-07 | ANALISIS BANCO SABADELL | Buy | Buy | Maintains |
| 2023-03-01 | DZ BANK | Buy | Hold | Downgrade |
| 2023-03-01 | BERENBERG | Hold | Hold | Maintains |
| 2023-03-01 | SOCIETE GENERALE | Buy | Buy | Maintains |
| 2023-03-01 | BNP PARIBAS EXANE | Outperform | Neutral | Downgrade |
| 2023-02-28 | BNP PARIBAS EXANE | Outperform | Neutral | Downgrade |
| 2023-02-07 | LANDESBANK BADEN-WUERTTEMBERG | Hold | Buy | Upgrade |
| 2023-02-06 | LANDESBANK BADEN-WUERTTEMBERG | Hold | Buy | Upgrade |
| 2023-02-03 | REDBURN LIMITED | Sell | Neutral | Upgrade |
| 2023-02-02 | ALANTRA EQUITIES | Strong Buy | Buy | Downgrade |
| 2023-02-01 | ALANTRA EQUITIES | Strong Buy | Buy | Downgrade |
| 2023-01-02 | DAY BY DAY | Sell | Sell | Maintains |
| 2023-01-01 | DAY BY DAY | Sell | Sell | Maintains |
| 2022-11-21 | DAY BY DAY | Buy | Sell | Downgrade |
| 2022-11-20 | DAY BY DAY | Buy | Sell | Downgrade |
| 2022-10-12 | ALANTRA EQUITIES | Buy | Strong Buy | Upgrade |
| 2022-10-11 | ALANTRA EQUITIES | Buy | Strong Buy | Upgrade |
| 2022-07-13 | DZ BANK | Buy | Buy | Maintains |
| 2022-07-12 | DZ BANK | Buy | Buy | Maintains |
| 2022-06-20 | NORBOLSA | Buy | Hold | Downgrade |
| 2022-06-19 | NORBOLSA | Buy | Hold | Downgrade |
| 2022-04-25 | DAY BY DAY | Sell | Buy | Upgrade |
| 2022-04-24 | DAY BY DAY | Sell | Buy | Upgrade |
| 2022-03-30 | CREDIT SUISSE - EUROPE | Outperform | Neutral | Downgrade |
| 2022-03-29 | CREDIT SUISSE - EUROPE | Outperform | Neutral | Downgrade |
| 2022-03-14 | DAY BY DAY | Hold | Sell | Downgrade |
| 2022-03-13 | DAY BY DAY | Hold | Sell | Downgrade |
| 2022-02-25 | ALANTRA EQUITIES | Buy | Buy | Maintains |
| 2022-02-24 | ALANTRA EQUITIES | Buy | Buy | Maintains |
| 2022-02-04 | REDBURN LIMITED | Sell | Sell | Maintains |
| 2022-02-03 | REDBURN LIMITED | Sell | Sell | Maintains |
| 2022-01-24 | DAY BY DAY | Sell | Hold | Upgrade |
| 2022-01-23 | DAY BY DAY | Sell | Hold | Upgrade |
| 2022-01-03 | DAY BY DAY | Buy | Sell | Downgrade |
| 2022-01-02 | DAY BY DAY | Buy | Sell | Downgrade |
| 2021-12-07 | CREDIT SUISSE - EUROPE | Neutral | Outperform | Upgrade |
| 2021-12-07 | CREDIT SUISSE - EUROPE | Outperform | Outperform | Maintains |
| 2021-12-06 | CREDIT SUISSE - EUROPE | Outperform | Outperform | Maintains |
| 2021-11-08 | DAY BY DAY | Hold | Buy | Upgrade |
| 2021-11-07 | DAY BY DAY | Hold | Buy | Upgrade |
| 2021-10-28 | LANDESBANK BADEN-WUERTTEMBERG | Hold | Hold | Maintains |
| 2021-10-27 | LANDESBANK BADEN-WUERTTEMBERG | Hold | Hold | Maintains |
| 2021-10-01 | DAY BY DAY | Sell | Hold | Upgrade |
| 2021-10-01 | DAY BY DAY | Hold | Hold | Maintains |
| 2021-09-30 | DAY BY DAY | Hold | Hold | Maintains |
| 2021-08-16 | BNP PARIBAS EXANE | Outperform | Outperform | Maintains |
| 2021-08-15 | BNP PARIBAS EXANE | Outperform | Outperform | Maintains |
| 2021-05-17 | CAIXABANK BPI | Neutral | Neutral | Maintains |
| 2021-05-16 | CAIXABANK BPI | Neutral | Neutral | Maintains |
| 2021-04-06 | DAY BY DAY | Hold | Sell | Downgrade |
| 2021-03-15 | DAY BY DAY | Hold | Hold | Maintains |
| 2021-03-11 | CREDIT SUISSE - EUROPE | Neutral | Neutral | Maintains |
| 2021-01-20 | HSBC | Hold | Buy | Upgrade |
| 2020-10-29 | BERENBERG | Hold | Hold | Maintains |
| 2020-10-28 | BERENBERG | Hold | Hold | Maintains |
| 2020-09-24 | NORBOLSA | Buy | Buy | Maintains |
| 2020-09-23 | NORBOLSA | Buy | Buy | Maintains |
| 2020-07-21 | B of A Securities | Neutral | Underperform | Downgrade |
| 2018-06-14 | HSBC | Hold | Buy | Upgrade |
| 2018-03-23 | Keefe Bruyette & Woods | Market Perform | Outperform | Upgrade |
| 2017-11-24 | Goldman Sachs | Neutral | Buy | Upgrade |
| 2017-08-15 | Goldman Sachs | Buy | Neutral | Downgrade |
| 2017-02-01 | UBS | Neutral | Buy | Upgrade |
| 2016-10-19 | RBC Capital | Underperform | Sector Perform | Upgrade |
| 2016-10-11 | Natixis | Reduce | Buy | Upgrade |
| 2016-09-06 | Barclays | Equal-Weight | Overweight | Upgrade |
| 2016-08-31 | Deutsche Bank | Hold | Buy | Upgrade |
| 2016-04-25 | JP Morgan | Neutral | Overweight | Upgrade |
| 2016-03-08 | Goldman Sachs | Neutral | Buy | Upgrade |
| 2016-03-01 | HSBC | Buy | Hold | Downgrade |
| 2016-01-11 | Exane BNP Paribas | Underperform | Outperform | Upgrade |
| 2016-01-05 | RBC Capital | Sector Perform | Underperform | Downgrade |
| 2015-10-01 | JP Morgan | Overweight | Neutral | Downgrade |
| 2015-08-28 | Deutsche Bank | Hold | Buy | Upgrade |
| 2015-06-18 | JP Morgan | Neutral | Overweight | Upgrade |
| 2014-09-02 | Bernstein | Market Perform | Initiate | |
| 2013-12-09 | Goldman Sachs | Neutral | Sell | Downgrade |
| 2013-11-13 | Morgan Stanley | Overweight | Equal-Weight | Downgrade |
| 2013-10-24 | Deutsche Bank | Hold | Sell | Downgrade |
| 2013-10-04 | Nomura | Reduce | Neutral | Upgrade |
| 2013-09-18 | HSBC | Underweight | Neutral | Upgrade |
| 2013-09-11 | JP Morgan | Underweight | Neutral | Upgrade |
| 2013-08-19 | Bankhaus Lampe | Hold | Sell | Downgrade |
| 2013-07-01 | Citigroup | Neutral | Sell | Downgrade |
| 2013-06-26 | Citigroup | Sell | Neutral | Upgrade |
| 2013-06-13 | JP Morgan | Neutral | Underweight | Downgrade |
| 2013-06-05 | Bankhaus Lampe | Buy | Hold | Downgrade |
| 2013-05-15 | HSBC | Neutral | Underperform | Downgrade |
| 2012-10-29 | Bank of America | Neutral | Initiate | |
| 2024-08-06 | DZ BANK | Hold | Buy | Upgrade |
| 2024-08-05 | BNP PARIBAS EXANE | Outperform | Outperform | Maintains |
| 2024-07-29 | ODDO BHF | Buy | Buy | Maintains |
| 2024-07-29 | BERENBERG | Hold | Hold | Maintains |
| 2024-07-28 | INTESA SANPAOLO EQUITY RESEARCH | Buy | Buy | Maintains |
| 2024-07-25 | LANDESBANK BADEN-WUERTTEMBERG | Buy | Buy | Maintains |
| 2024-07-23 | ALANTRA EQUITIES | Strong Buy | Strong Buy | Maintains |
| 2024-07-23 | ANALISIS BANCO SABADELL | Buy | Buy | Maintains |
| 2024-07-07 | CAIXABANK BPI | Buy | Buy | Maintains |
| 2024-07-02 | REDBURN ATLANTIC | Neutral | Neutral | Maintains |
| 2024-05-26 | HSBC | Hold | Hold | Maintains |
| 2024-05-12 | DAY BY DAY | Buy | Buy | Maintains |
| 2024-02-14 | SOCIETE GENERALE | Buy | Buy | Maintains |
| 2024-01-31 | DZ BANK | Hold | Hold | Maintains |
| 2023-12-17 | DAY BY DAY | Buy | Buy | Maintains |
| 2023-12-14 | ALANTRA EQUITIES | Strong Buy | Strong Buy | Maintains |
| 2023-12-14 | SOCIETE GENERALE | Buy | Buy | Maintains |
| 2023-11-26 | HSBC | Hold | Hold | Maintains |
| 2023-10-30 | INTESA SANPAOLO EQUITY RESEARCH | Buy | Buy | Maintains |
| 2023-10-30 | BNP PARIBAS EXANE | Outperform | Outperform | Maintains |
| 2023-10-29 | DZ BANK | Hold | Hold | Maintains |
| 2023-10-25 | REDBURN ATLANTIC | Neutral | Neutral | Maintains |
| 2023-10-25 | ODDO BHF | Buy | Buy | Maintains |
| 2023-10-25 | LANDESBANK BADEN-WUERTTEMBERG | Buy | Buy | Maintains |
| 2023-10-25 | BERENBERG | Hold | Hold | Maintains |
| 2023-10-24 | ANALISIS BANCO SABADELL | Buy | Buy | Maintains |
| 2023-10-10 | CAIXABANK BPI | Buy | Buy | Maintains |
| 2024-10-01 | BERENBERG | Hold | Hold | Maintains |
| 2024-09-08 | DZ BANK | Buy | Buy | Maintains |
| 2024-12-17 | ALANTRA EQUITIES | Strong Buy | Strong Buy | Maintains |
| 2024-11-24 | HSBC | Hold | Hold | Maintains |
| 2024-11-17 | REDBURN ATLANTIC | Neutral | Neutral | Maintains |
| 2024-11-10 | DAY BY DAY | Buy | Buy | Maintains |
| 2024-11-10 | LANDESBANK BADEN-WUERTTEMBERG | Buy | Buy | Maintains |
| 2024-11-07 | BNP PARIBAS EXANE | Outperform | Outperform | Maintains |
| 2024-10-30 | ODDO BHF | Buy | Buy | Maintains |
| 2024-10-28 | ANALISIS BANCO SABADELL | Buy | Overweight | Maintains |
| 2024-10-27 | INTESA SANPAOLO EQUITY RESEARCH | Buy | Buy | Maintains |
| 2024-10-13 | CAIXABANK BPI | Buy | Buy | Maintains |
| 2025-04-03 | ALANTRA EQUITIES | Strong Buy | Strong Buy | Maintains |
| 2025-03-23 | DAY BY DAY | Buy | Buy | Maintains |
| 2025-03-23 | HSBC | Hold | Hold | Maintains |
| 2025-03-21 | REDBURN ATLANTIC | Neutral | Neutral | Maintains |
| 2025-03-19 | JEFFERIES | Buy | Buy | Maintains |
| 2025-03-19 | INTESA SANPAOLO EQUITY RESEARCH | Buy | Buy | Maintains |
| 2025-03-05 | LANDESBANK BADEN-WUERTTEMBERG | Buy | Buy | Maintains |
| 2025-02-25 | CAIXABANK BPI | Buy | Buy | Maintains |
| 2025-02-20 | DZ BANK | Buy | Buy | Maintains |
| 2025-02-06 | ODDO BHF | Buy | Buy | Maintains |
| 2025-02-04 | ANALISIS BANCO SABADELL | Overweight | Overweight | Maintains |
| 2025-02-03 | ESN/GVC GAESCO BEKA | Buy | Buy | Maintains |
| 2025-07-16 | ALANTRA EQUITIES | Strong Buy | Strong Buy | Maintains |
| 2025-07-15 | INTESA SANPAOLO EQUITY RESEARCH | Buy | Buy | Maintains |
| 2025-07-14 | ROTHSCHILD & CO REDBURN | Neutral | Neutral | Maintains |
| 2025-07-13 | DAY BY DAY | Buy | Buy | Maintains |
| 2025-07-08 | LANDESBANK BADEN-WUERTTEMBERG | Buy | Buy | Maintains |
| 2025-07-01 | JEFFERIES | Buy | Buy | Maintains |
| 2025-06-29 | CAIXABANK BPI | Buy | Buy | Maintains |
| 2025-05-27 | ESN/GVC GAESCO BEKA | Buy | Buy | Maintains |
| 2025-05-25 | HSBC | Hold | Hold | Maintains |
| 2025-05-12 | DAY BY DAY | Buy | Buy | Maintains |
| 2025-05-06 | ODDO BHF | Buy | Buy | Maintains |
| 2025-05-04 | DZ BANK | Buy | Buy | Maintains |
| 2025-04-29 | ANALISIS BANCO SABADELL | Overweight | Overweight | Maintains |
