Banco Santander, S.A. (SAN)
Coverage summary
Aardvark Labs Capital Research has covered Banco Santander, S.A. (SAN) since February 4, 2026. The company is in the Financial Services sector. This page lists 4 reports: 4 earnings recaps.
The latest is the Q3 2026 Earnings Recap, published November 1, 2026. That report moved the rating from Hold to Outperform. The rating has changed once since coverage began.
Translations: 3 in Chinese.
Rating history
All SAN reports
Recap: Q3 2026
Brazil Drags the Shares to 1.7x Tangible Book, the Level Where We Said We Would Upgrade
Recap: Q2 2026
Costs Down While Absorbing TSB, But the Revenue Beat Came From the Rate Book, Not the Transformation
Recap: Q1 2026
The Beat Was a Tax Beat: Santander Reaches Our Upgrade Trigger on a Quarter That Went Backwards Sequentially
Recap: Q4 2025
Every 2025 Target Met, and Then the Capital Story Changed: Santander Buys Webster at 2.0x Book