Santander

Questionable switch to the US

04/02/26 -"The fourth quarter results were fully in line with our expectations and were obscured by the unexpected acquisition of a US regional bank. If this acquisition makes sense from both a financial and ..."

PDF page sample
Pages
69
Language
English
Published on
04/02/26
Download
You may also be interested by these reports :
16/02/26
We have updated our model following the release of the group’s full-year results. This has translated into earnings downgrades in 2026, driven by ...
16/02/26
KBC delivered a strong Q4 beat, with pre-tax income up 26% yoy driven by accelerating NII and robust insurance revenue. FY-25 RoE hit 15% amid ...
13/02/26
We have updated our model following the release of the group’s full-year results and the announcement of the acquisition of Evelyn Partners. As ...
13/02/26
The group posted a strong set of quarterly results. The updated 2026 guidance is in line with consensus expectations. On the other hand, the 2028 ...

EXECUTIVE SUMMARY

Updates Pension Risks
Target & Opinion Governance & Management
Business & Trends Graphics : Momentum
Money Making Graphics : MACD & Volumes
Debt Graphics : Sensitivities
Valuation Sector: Performance
DCF Sector: Key data
NAV/SOTP Sector: Ratios & Valorisation
Worth knowing Sector: Peers
Financials Sector: Analysis

CONFLICTS OF INTEREST

AlphaValue does not have nor seek any business with companies covered in AlphaValue Research paid by subscription. As a result, investors can be confident that there is no conflict of interest that could affect the objectivity of AlphaValue Research.

Corporate broking NO
Trading in corporate shares NO
Analyst ownership NO
Advising of corporate (strategy, marketing, debt, etc) NO
Research paid for by corporate NO
Provision of corporate access paid for by corporate NO
Link between and a banking entity NO
Brokerage activity at AlphaValue NO