Banco Santander stock rating reiterated Buy by Goldman Sachs

Investing.com - Goldman Sachs has reiterated a Buy rating on Banco Santander SA (BME:SAN) (NYSE:SAN) with a price target of EUR10.40. The banking giant, currently trading near its 52-week high of $10.35, has demonstrated remarkable performance with a 128% year-to-date return and maintains a healthy P/E ratio of 10.7.

The investment bank maintains its positive outlook on the Spanish banking giant based on expected benefits from economic growth in key markets.

Goldman Sachs specifically highlighted Latin America and Spain as regions where Santander’s business fundamentals should strengthen due to favorable economic conditions.

The firm also pointed to Santander’s cost management initiatives, which are expected to maintain expenses at current levels for the next few years.

Rising capital levels and tangible book value per share (TBVPS) approaching management targets were additional factors supporting Goldman Sachs’ continued Buy recommendation. With a market capitalization of $151 billion and a dividend yield of 1.76%, Santander continues to demonstrate strong fundamentals for long-term investors.

In other recent news, Santander SA reported its second-quarter earnings for 2025, achieving a record first-half performance with a quarterly profit of €3.4 billion. However, the bank’s earnings per share (EPS) of $0.2535 slightly missed analysts’ expectations of $0.2569. Additionally, Santander’s revenue of $17.83 billion fell short of the anticipated $18.21 billion. Despite the record profit, these results led to a premarket decline in the bank’s stock. These developments come amidst a backdrop of ongoing evaluations by financial analysts. The recent earnings report is a critical indicator of the company’s financial health and performance. Investors are closely monitoring these figures to assess future investment decisions.

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