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Banco Santander SASANDON'T BUYApr 02, 2014Stock price when the opinion was issued
As of Jun 18, 2026. Market Open.
He doesn’t own this, but he owns comparable banks. The whole global banking sector is trading at very cheap multiples. They are all under pressure from the flattening yield curve, and they all pay hefty dividends. The bank’s poor performance is sector-driven more than driven by the political issues in the countries where it does business.
(Market Call Minute.) He would be cautious of companies that have exposure to Latin America. It would benefit if there was additional easing in Europe. There may be better names.