에 대한 최신 뉴스 Banco Santander (NYSE:SAN) 주식

Banco Santander

Santander's focus is on retail and commercial banking. Latin America is geographically the most significant operation, with Brazil making the largest contribution. Its continental European business is mainly in Spain and Portugal. Santander's UK presence is the result of its acquisition of Abbey building society. In the US, Santander operates a vehicle finance business and a regional bank focused on the Northeastern states.

News

Tech

HSBC

MSFT

NVDA

최근 챗GPT의 모회사인 오픈AI가 66억 달러 규모의 대규모 자금 조달에 성공한 후, 추가로 40억 달러의 회전 신용 한도를 확보했다. 무슨 일이 (What Happened): 이 새로운 신용 한도로 인해 오픈AI의 유동성이 100억 달러로 늘어나, AI 스타트업이 엔비디아(NASDAQ:NVDA)의 칩을 포함한 고비용 컴퓨팅 용량에 투자할 수 있게 된다.

오픈AI는 AI 야망을 고취시키고 엔비디아 기반 인프라를 확장하기 위해 $40억 신용 한도 확보

Banco Santander, S.A. Sponsored ADR (Spain)

Banco Santander SA

Santiment Network Token

Sana Biotechnology Inc

Sandstorm Gold Ltd. Ordinary Shares (Canada)

Sandstorm Gold Ltd

The Sandbox - United States Dollar

Series Portfolio Trust Subversive Mental Health ETF

Sangoma Technologies Corporation - Common Shares

Sangoma Technologies Corp

SANKEN ELECTRIC ORD by Sanken Electric Co., Ltd.

Sanken Electric Co Ltd

Sanmina Corp

Santo Mining Corp

Santeon Group Inc

Santos FC Fan Token

S&W Seed Co

BANCO SANTANDER ADR REP 1 ORD

After securing a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41175197/openais-latest-eye-popping-valuation-ignites-analyst-expectations-for-tidal-wave-of">whopping $6.6 billion funding</a> round, ChatGPT-parent&nbsp;OpenAI has bagged a&nbsp;$4 billion revolving credit line.
What Happened: The new credit facility will bolster its liquidity to $10 billion, allowing the AI startup to invest in high-cost <a href="https://www.benzinga.com/markets/equities/24/07/39856365/openai-in-talks-with-broadcom-to-develop-new-ai-chip-aims-to-reduce-reliance-on-nvidia-report">computing capacity</a> including Nvidia Corporation&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips.
&#8220;This credit facility further strengthens&nbsp;our balance sheet and provides&nbsp;flexibility to seize future growth&nbsp;opportunities,&#8221; said OpenAI CFO&nbsp;Sarah Friar, in a blog on Thursday.
The credit line is facilitated by a consortium of banks: JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Citigroup, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), Banco Santander S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAN#NYSE">SAN</a>), Wells Fargo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), Sumitomo Mitsui Banking&nbsp;Corporation, UBS Group AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>), and HSBC Holdings plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSBC#NYSE">HSBC</a>).
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Earlier this week, OpenAI, <a href="https://www.benzinga.com/news/24/10/41149788/openai-valuation-soars-to-157b-in-latest-funding-round">valued at nearly $157 billion</a>, raised funds&nbsp;from returning venture capital investors&nbsp;such as&nbsp;Thrive Capital and Khosla Ventures.
Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), which has already invested approximately $13 billion into the AI firm over the last five years,&nbsp;and new investor Nvidia, also&nbsp;participated in the funding round.
Despite <a href="https://www.benzinga.com/news/24/09/41059344/sam-altman-hits-back-at-trolls-after-mira-muratis-openai-exit-explains-executive-drain-as-natural-we">major executive changes</a>, including the sudden exit of CTO Mira Murati, investors remain optimistic about OpenAI&#8217;s growth prospects.
However, OpenAI has also faced criticism from Elon Musk, who accused the company of&nbsp;<a href="https://www.benzinga.com/news/24/10/41156902/elon-musk-says-openai-is-evil-after-chatgpt-parent-reportedly-asked-investors-not-to-invest-in-rival">unfair funding practices</a>.
On the other hand, analysts expect a &#8220;tidal wave&#8221; of AI spending, with OpenAI&#8217;s latest valuation seen as a trigger for this growth stage.
Photo Courtesy: Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41111038/elon-musk-gets-bold-font-removed-from-xs-main-timeline-because-of-excessive-use-my-eyes-are-bleeding?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Gets Bold Font Removed From X&#8217;s Main Timeline Because Of &#8216;Excessive&#8217; Use: &#8216;My Eyes Are Bleeding&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

OpenAI Secures $4B Credit Line To Supercharge AI Ambitions And Expand Nvidia-Powered Infrastructure: 'Provides Flexibility To Seize Future Growth Opportunities'

WIIM

BBVA

EWBC

TBBK

Shares of banking companies are trading lower in sympathy with overall market weakness. Investors may be assessing a recent report suggesting that Iran could be preparing to attack Israel, which could create shocks to the global economy.

CNFR

FCNCA

FFWM

FITB

FNWD

IROQ

Shares of banking and financial services stocks are trading lower in possible sympathy with Ally, which fell after the company's CFO noted credit challenges among borrowers. The sector earlier reacted to Fed Vice Chair for Supervision Barr previewing Basel and GSIB surcharge re-proposals.

VBFC

Shares of banking companies are trading lower amid overall market weakness. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction.

- Reuters&nbsp;
- Reuters&nbsp;

RACE

Ferrari And Santander To End Partnership On Dec 31, 2024, As Three-Year Contract Concludes

ABCB

AROW

BANC

BANR

BBDO

BSRR

CATY

CCNE

CVBF

DCOM

EBTC

EGBN

FIBK

FMAO

FRME

FULT

GBCI

HIFS

HTLF

IBTX

INDB

KRNY

MOFG

NBTB

NYCB

PPBI

RBCAA

SBCF

SFBS

SFNC

TCBI

TRMK

UMBF

WSFS

Shares of banking companies are trading higher amid overall market strength following Fed Chair Powell's comments about the economy and future rate cuts.

BBAR

CADE

HBAN

HMNF

MUFG

Shares of banking companies are trading lower amid overall market weakness following weak US jobs data.

Banco Santander shares are trading higher after the company reported better-than-expected Q2 EPS results and a year-over-year increase for its Q2 sales results.

Banco Santander (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAN#NYSE">SAN</a>) reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.21 by 4.76 percent. The company reported $16.870 billion in sales this quarter. This is a 9.87 percent increase over sales of $15.355 billion the same period last year.

Earnings

Earnings Beats

Banco Santander Q2 2024 GAAP EPS $0.22 Beats $0.21 Estimate, Sales $16.870B Up From $15.355B YoY

Spanish financial services provider Banco Santander SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAN#NYSE">SAN</a>) is reportedly nearing an agreement with Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) to offer financing options for European buyers on the e-commerce platform.
The deal, which is in advanced negotiations, is expected to launch in Germany first and then expand across Europe, according to a report from <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-06-21/santander-nears-eu-wide-deal-with-amazon-for-consumer-finance-partnership?srnd=industries-consumer&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.
Santander aims to enhance its digital consumer finance business, which contributed around 10% to its group revenue last year.
Santander&#8217;s key strategy involves securing flagship deals with major tech companies, according to the bank&#8217;s recent <a target="_blank" href="https://www.santanderannualreport.com/2023/en/results/financial_results/financial_result_container" rel="noreferrer noopener">annual </a>report.
The partnership with Amazon will allow consumers to opt for loans when making online purchases, thus facilitating higher sales for both entities.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39378783/amazon-labor-union-partners-with-teamsters-to-boost-bargaining-power-report" rel="noreferrer noopener">Amazon Labor Union Partners With Teamsters To Boost Bargaining Power: Report</a>
Last week, Santander announced a similar <a target="_blank" href="https://www.santander.com/en/press-room/press-releases/2024/06/santander-zinia-becomes-provider-of-consumer-finance-services-for-apple-in-germany" rel="noreferrer noopener">deal </a>with Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) to provide consumer financing for Apple products in Germany.
The Amazon collaboration is anticipated to generate more revenue compared to the Apple agreement, per the report.
Price Action: SAN shares are trading lower by 2.75% at $4.60 in premarket at last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next: <a href="https://www.benzinga.com/news/24/06/39382137/amazon-expands-rxpass-to-medicare-members-a-closer-look-at-savings" target="_blank" rel="noreferrer noopener">Amazon Expands RxPass To Medicare Members: A Closer Look At Savings</a>
Photo via Shutterstock

Equities

Media

General

AAPL

AMZN

Banco Santander Nears Deal To Provide Consumer Loans For Amazon Shoppers In Europe: Report

Banco Santander (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/san#NYSE">SAN</a>) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
A company&#39;s changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for Banco Santander basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company&#39;s future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company&#39;s shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
For Banco Santander, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company&#39;s underlying business. And investors&#39; appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate Revisions
Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Earnings Estimate Revisions for Banco Santander
This financial holding company is expected to earn $0.82 per share for the fiscal year ending December 2024, which represents a year-over-year change of 17.1%.
Analysts have been steadily raising their estimates for Banco Santander. Over the past three months, the Zacks Consensus Estimate for the company has increased 0.8%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of &#39;buy&#39; and &#39;sell&#39; ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a &#39;Strong Buy&#39; rating and the next 15% get a &#39;Buy&#39; rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
The upgrade of Banco Santander to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
<a href="https://www.zacks.com/stock/news/2289368/banco-santander-san-upgraded-to-buy-here-s-why?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2289368">To read this article on Zacks.com click here.</a>

Penny Stocks

Upgrades

Markets

Analyst Ratings

Trading Ideas

Banco Santander Upgraded to Buy: Here's Why

Banco Santander shares are trading lower after the company reported worse-than-expected Q1 GAAP EPS results.

Banco Santander (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAN#NYSE">SAN</a>) reported quarterly earnings of $0.18 per share which missed the analyst consensus estimate of $0.19 by 5.26 percent. This is a 12.5 percent increase over earnings of $0.16 per share from the same period last year. The company reported $16.703 billion in sales this quarter. This is a 11.79 percent increase over sales of $14.942 billion the same period last year.

Earnings Misses

Banco Santander Q1 2024 GAAP EPS $0.18 Misses $0.19 Estimate, Sales $16.703B Up From $14.942B YoY

Barclays analyst Cecilia Romero Reyes upgrades Banco Santander (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAN#NYSE">SAN</a>) from Equal-Weight to Overweight.

Barclays Upgrades Banco Santander to Overweight

<a href="https://www.bloomberg.com/news/articles/2024-03-03/santander-cuts-some-300-jobs-in-us-branches-in-shift-to-digital" title="https://www.bloomberg.com/news/articles/2024-03-03/santander-cuts-some-300-jobs-in-us-branches-in-shift-to-digital">https://www.bloomberg.com/news/articles/2024-03-03/santander-cuts-some-300-jobs-in-us-branches-in-shift-to-digital</a>
<a href="https://www.bloomberg.com/news/articles/2024-03-03/santander-cuts-some-300-jobs-in-us-branches-in-shift-to-digital" title="https://www.bloomberg.com/news/articles/2024-03-03/santander-cuts-some-300-jobs-in-us-branches-in-shift-to-digital">https://www.bloomberg.com/news/articles/2024-03-03/santander-cuts-some-300-jobs-in-us-branches-in-shift-to-digital</a>

Bloomberg Reported Earlier: Santander Cuts Some 300 Jobs In US Branches In Shift To Digital

Shares of Air Products and Chemicals, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apd#NYSE">APD</a>) fell sharply during Monday&rsquo;s session after the company reported worse-than-expected first-quarter financial results and lowered FY24 adjusted EPS guidance below estimates.
Air Products &amp; Chemicals posted adjusted earnings of $2.82 per share, missing market estimates of $3.00 per share. The company&rsquo;s quarterly sales came in at $3.00 billion versus expectations of $3.19 billion.
Air Products and Chemicals shares dipped 14.7% to $220.02 on Monday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Yield10 Bioscience, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/yten#NASDAQ">YTEN</a>) shares climbed 116.4% to $0.4964.</li>
<li>4D Molecular Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fdmt#NASDAQ">FDMT</a>) gained 100.9% to $35.13 after the company announced interim data from the Phase 2 PRISM clinical trial evaluating intravitreal 4D-150 in wet AMD patients with severe disease activity and a high treatment burden.</li>
<li>Chenghe Acquisition Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chea#NASDAQ">CHEA</a>) shares jumped 76% to $9.66 after shareholders on Friday voted to approve the merger agreement with Taiwan Color Optics.</li>
<li>Wrap Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wrap#NASDAQ">WRAP</a>) gained 55.6% to $6.35. Wrap Technologies has reduced its labor force by 30%, representing $2.4 million in annual savings.</li>
<li>Adverum Biotechnologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/advm#NASDAQ">ADVM</a>) climbed 31.1% to $1.8620. Adverum Biotechnologies has agreed to sell approximately 106.25 million shares in a private placement at $1.20 per share with gross proceeds of approximately $127.5 million.</li>
<li>MIRA Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mira#NASDAQ">MIRA</a>) surged 31.1% to $1.22. MIRA Pharmaceuticals announced a research collaboration with Pharmaseed to conduct pre-clinical studies on use of Ketamir for patients with major depressive disorder and post-traumatic stress disorder.</li>
<li>Envoy Medical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coch#NASDAQ">COCH</a>) rose 27% to $1.5261.</li>
<li>Griid Infrastructure Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grdi#NASDAQ">GRDI</a>) shares rose 26.4% to $2.63 after dipping more than 50% on Friday.</li>
<li>Rail Vision Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rvsn#NASDAQ">RVSN</a>) climbed 24.9% to $14.79. Rail Vision received patent approval from the Indian Patent Office titled &quot;System And Method For Object And Obstacle Detection And Classification In Collision Avoidance Of Railway Applications.&quot;</li>
<li>CalAmp Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/camp#NASDAQ">CAMP</a>) shares gained 21.1% to $3.7413 after dipping around 14% on Friday. CalAmp recently announced a 1-for-23 reverse stock split.</li>
<li>SRM Entertainment, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/srm#NASDAQ">SRM</a>) surged 18.4% to $1.73.</li>
<li>Solowin Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/swin#NASDAQ">SWIN</a>) rose 18.2% to $4.8327.</li>
<li>Everbridge, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/evbg#NASDAQ">EVBG</a>) gained 18.2% to $28.13 after the company announced it will be acquired by Thoma Bravo for $1.5 billion.</li>
<li>Gorilla Technology Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grrr#NASDAQ">GRRR</a>) gained 16.3% to $0.6454 after reporting results through the third quarter of 2023.</li>
<li>MorphoSys AG (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mor#NASDAQ">MOR</a>) gained 15.7% to $12.81.</li>
<li>Jianpu Technology Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jt#NYSE">JT</a>) gained 14.4% to $0.6202.</li>
<li>The Est&eacute;e Lauder Companies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/el#NYSE">EL</a>) climbed 14% to $152.93 after the company reported better-than-expected second-quarter financial results and announced a restructuring program, which includes an estimated net reduction of roughly 3 to 5 percent of its positions as of June 30, 2023.</li>
<li>Core Scientific, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/corz#NASDAQ">CORZ</a>) gained 10.3% to $3.29. Core Scientific produced 13,762 Bitcoin in 2023.</li>
<li>Catalent, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ctlt#NYSE">CTLT</a>) rose 10% to $59.97 after the company announced it will be acquired by Novo Holdings.</li>
<li>ON Semiconductor Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/on#NASDAQ">ON</a>) rose 7.3% to $75.97 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Eli Lilly and Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lly#NYSE">LLY</a>) gained 5.2% to $702.38. Eli Lilly and Company is expected to release earnings results for its fourth quarter, before the opening bell on Feb. 6, 2024.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>NanoString Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nstg#NASDAQ">NSTG</a>) shares dipped 72.2% to $0.13 after the company initiated voluntary Chapter 11 restructuring proceedings.</li>
<li>DMK Pharmaceuticals Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dmk#NASDAQ">DMK</a>) fell 53.2% to $0.2433. The company filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.</li>
<li>Intelligent Bio Solutions Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inbs#NASDAQ">INBS</a>) fell 44.2% to $3.3203 after the company announced exercise of previously issued warrants for $1.77 million in gross proceeds.</li>
<li>Pineapple Energy Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pegy#NASDAQ">PEGY</a>) dipped 43% to $0.2574 after the company priced a $1 million registered direct offering of common stock.</li>
<li>Bit Brother Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bets#NASDAQ">BETS</a>) shares fell 36.7% to $1.90 in pre-market trading. Bit Brother received delisting notice from the Nasdaq.</li>
<li>Bit Origin Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btog#NASDAQ">BTOG</a>) fell 29.7% to $6.57.</li>
<li>CCSC Technology International Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cctg#NASDAQ">CCTG</a>) shares dipped 29.4% to $3.6501 after surging 32% on Friday.</li>
<li>Scienjoy Holding Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sj#NASDAQ">SJ</a>) fell 26.8% to $1.01.</li>
<li>Lixiang Education Holding Co., Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lxeh#NASDAQ">LXEH</a>) fell 26.1% to $3.20.</li>
<li>Peraso Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prso#NASDAQ">PRSO</a>) fell 23.5% to $3.10.</li>
<li>Express, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/expr#NYSE">EXPR</a>) dipped 19.7% to $4.0201.</li>
<li>TruGolf Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trug#NASDAQ">TRUG</a>) fell 18% to $1.3439.</li>
<li>Pliant Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plrx#NASDAQ">PLRX</a>) dipped 15.7% to $14.66 after HC Wainwright maintained a Buy rating on the stock but lowered its price target from $52 to $48.</li>
<li>Sunnova Energy International Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nova#NYSE">NOVA</a>) fell 11.3% to $8.78.</li>
<li>Qualys, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qlys#NASDAQ">QLYS</a>) fell 11.1% to $167.09.</li>
<li>Sigma Lithium Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgml#NASDAQ">SGML</a>) fell 10.8% to $15.02.</li>
<li>SunPower Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spwr#NASDAQ">SPWR</a>) dipped 10.6% to $3.0650.</li>
<li>Plug Power Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plug#NASDAQ">PLUG</a>) fell 9.8% to $4.2001.</li>
<li>NexImmune, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nexi#NASDAQ">NEXI</a>) declined 9.4% to $11.41. NexImmune announced a $3.67 million registered direct offering priced at-the-market under Nasdaq rules.</li>
<li>Coinbase Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>) fell 8.4% to $118.38.</li>
<li>Tesla, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) fell 6.6% to $175.49.</li>
<li>Banco Santander, S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/san#NYSE">SAN</a>) shares declined 6.5% to $ 3.9103. Iranian entities reportedly used accounts at Lloyds Banking Group and Banco Santander to evade U.S. sanctions.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/36933513/bitcoin-ethereum-move-higher-pendle-emerges-as-top-gainer"> Bitcoin, Ethereum Move Higher; Pendle Emerges As Top Gainer</a>

Small Cap

Intraday Update

Movers

ADVM

BETS

BTOG

CAMP

CCTG

CHEA

Envoy Medical, Inc. - Class A Common Stock

COCH

COIN

Core Scientific, Inc. - Class A Common Stock

CORZ

CTLT

EVBG

EXPR

FDMT

GRDI

GRRR

Intelligent Bio Solutions Inc. - Common Stock

INBS

LXEH

MIRA

Morgan Stanley Capital Protected Notes for S&P 500 Index

NEXI

NOVA

NSTG

PEGY

PLRX

PLUG

PRSO

QLYS

RVSN

SGML

SPWR

SWIN

TRUG

TSLA

WRAP

YTEN

Why Air Products and Chemicals Shares Are Trading Lower By Around 15%? Here Are Other Stocks Moving In Monday's Mid-Day Session

Banco Santander shares are trading lower following a report suggesting Iran used Santander UK and Lloyds to covertly move money to evade sanctions.

Shares of 4D Molecular Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fdmt#NASDAQ">FDMT</a>) rose sharply in today&rsquo;s pre-market trading.
4DMT presented interim data from randomized Phase 2 PRISM clinical trial of intravitreal 4D-150 demonstrating favorable tolerability &amp; clinical activity in wet AMD.
4D Molecular Therapeutics shares jumped 20.1% to $21.01 in pre-market trading
Here are some other stocks moving in pre-market trading.
<h3>Gainers</h3>
<ul>
<li>Chenghe Acquisition Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chea#NASDAQ">CHEA</a>) gained 68.1% to $9.23 in pre-market trading after dipping around 46% on Friday.</li>
<li>Tritium DCFC Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dcfc#NASDAQ">DCFC</a>) shares jumped 51.9% to $0.1990 in pre-market trading. Tritium DCFC said the company was the top-awarded fast charger manufacturer for the first round of the State of Tennessee&rsquo;s National Electric Vehicle Infrastructure (NEVI) Formula Program.</li>
<li>YanGuFang International Group Co., Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ygf#NASDAQ">YGF</a>) gained 27.4% to $0.7641 in pre-market trading after falling around 19% on Friday.</li>
<li>Magic Empire Global Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/megl#NASDAQ">MEGL</a>) shares gained 21.6% to $0.9841 in pre-market trading.</li>
<li>CalAmp Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/camp#NASDAQ">CAMP</a>) shares gained 16.8% to $3.61 in pre-market trading after dipping around 14% on Friday. CalAmp recently announced a 1-for-23 reverse stock split.</li>
<li>2U, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/twou#NASDAQ">TWOU</a>) shares gained 16.1% to $ 0.9199 in pre-market trading after declining over 8% on Friday.</li>
<li>Cadrenal Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cvkd#NASDAQ">CVKD</a>) shares rose 14.8% to $1.55 in pre-market trading.</li>
<li>Atara Biotherapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atra#NASDAQ">ATRA</a>) shares rose 14.7% to $1.40 in pre-market trading after surging 47% on Friday.</li>
<li>Griid Infrastructure Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grdi#NASDAQ">GRDI</a>) shares rose 14.4% to $2.38 in pre-market trading after dipping more than 50% on Friday.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Cano Health, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cano#NYSE">CANO</a>) shares dipped 60% to $0.92 in pre-market trading. Cano Health initiated prearranged voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware.</li>
<li>DMK Pharmaceuticals Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dmk#NASDAQ">DMK</a>) shares fell 44.4% to $0.2889 in pre-market trading. The company filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.</li>
<li>NanoString Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nstg#NASDAQ">NSTG</a>) fell 37% to $0.2951. The company initiated a chapter 11 restructuring proceeding in the United States Bankruptcy Court for the District of Delaware.</li>
<li>Bit Brother Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bets#NASDAQ">BETS</a>) shares fell 23% to $2.31 in pre-market trading. Bit Brother received delisting notice from the Nasdaq.</li>
<li>NexImmune, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nexi#NASDAQ">NEXI</a>) declined 12% to $11.09 in pre-market trading. NexImmune announced a $3.67 million registered direct offering priced at-the-market under Nasdaq rules.</li>
<li>SCWorx Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/worx#NASDAQ">WORX</a>) fell 10.6% to $1.10 in pre-market trading after dipping 8% on Friday.</li>
<li>Atreca, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bcel#NASDAQ">BCEL</a>) shares declined 9.5% to $0.2489 in pre-market trading.</li>
<li>Biora Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bior#NASDAQ">BIOR</a>) shares fell 9.4% to $0.85 in pre-market trading.</li>
<li>CCSC Technology International Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cctg#NASDAQ">CCTG</a>) shares dipped 8.7% to $4.72 in pre-market trading after surging 32% on Friday.</li>
<li>Banco Santander, S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/san#NYSE">SAN</a>) shares declined 6.9% to $3.89 in pre-market trading. , Iranian entities reportedly used accounts at Lloyds Banking Group and Banco Santander to evade U.S. sanctions.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/02/36926966/mcdonalds-caterpillar-and-3-stocks-to-watch-heading-into-monday"> McDonald&#39;s, Caterpillar And 3 Stocks To Watch Heading Into Monday</a>
&nbsp;

Pre-Market Outlook

ATRA

BCEL

BIOR

CANO

CVKD

DCFC

MEGL

TWOU

WORX

Why 4D Molecular Therapeutics Shares Are Trading Higher By 20%; Here Are 20 Stocks Moving Premarket

U.S. stock futures were lower this morning, with the Dow futures falling over 100 points on Monday. 
Shares of Banco Santander, S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/san#NYSE">SAN</a>) shares fell sharply during today&rsquo;s pre-market trading.
Iranian entities reportedly used accounts at Lloyds Banking Group and Banco Santander to evade U.S. sanctions.
The Iranian entities, including the Islamic Revolutionary Guard Corps, used the British and Spanish banks to bypass U.S. sanctions, reported the Financial Times on Sunday. The IRGC is a branch of the Iranian Armed Forces and has been designated as a <a href="https://www.benzinga.com/markets/equities/24/02/36927265/iran-allegedly-used-lloyds-and-santander-to-circumvent-us-sanctions-report">terrorist organization by the U.S</a>.
Banco Santander shares declined 6.9% to $3.89 in pre-market trading.
Here are some big stocks recording losses in today&rsquo;s pre-market trading session.
<ul>
<li>Cytokinetics, Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cytk#NASDAQ">CYTK</a>) shares declined 7.9% to $75.40 in pre-market trading.</li>
<li>Groupon, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grpn#NASDAQ">GRPN</a>) shares declined 6.5% to $13.12 in pre-market trading.</li>
<li>BigCommerce Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bigc#NASDAQ">BIGC</a>) shares fell 4.4% to $7.98 in pre-market trading after gaining 2% on Friday. BigCommerce is expected to report its financial results for the fourth quarter, before the opening bell on Feb. 22, 2024.</li>
<li>KB Financial Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kb#NYSE">KB</a>) shares fell 3.4% to $47.80 in pre-market trading after gaining around 7% on Friday.</li>
<li>Topgolf Callaway Brands Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/modg#NYSE">MODG</a>) shares declined 3.8% to $13.00 in pre-market trading.</li>
<li>Arcadium Lithium plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/altm#NYSE">ALTM</a>) shares fell 3.2% to $4.53 in pre-market trading. Arcadium Lithium is projected to release fourth quarter 2023 earnings results after the closing bell on Feb. 22, 2024.</li>
<li>Lloyds Banking Group plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lyg#NYSE">LYG</a>) shares fell 2.4% to $2.06 in pre-market trading. Iranian entities reportedly used accounts at Lloyds Banking Group and Banco Santander to evade U.S. sanctions.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/02/36927010/investor-optimism-improves-following-tech-earnings-jobs-data-s-p-500-gains-for-4th-week"> Investor Optimism Improves Following Tech Earnings, Jobs Data; S&amp;P 500 Gains For 4th Week</a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

ALTM

BIGC

CYTK

GRPN

MODG

Banco Santander, Lloyds Banking And Other Big Stocks Moving Lower In Monday's Pre-Market Session

<a href="https://www.ft.com/content/aac08cf4-a6f2-4e39-995f-23f7fa5ea5ea" title="https://www.ft.com/content/aac08cf4-a6f2-4e39-995f-23f7fa5ea5ea">https://www.ft.com/content/aac08cf4-a6f2-4e39-995f-23f7fa5ea5ea</a>

Legal

Financial Times Reported Earlier, Iran Used UK Banks Santander UK, Lloyds To Covertly Mover Money To Evade Sanctions

Banco Santander SA (SAN) has released an update. Banco Santander has announced an accelerated placement of 5.2% of its subsidiary Santander Bank Po...

Banco Santander Strategizes Share Placement

If I Could Only Buy 2 High Dividend Yield Companies In September 2024

Strategically Building A $100,000 Dividend Portfolio With September's Top 10 High-Yield Picks

With the Fed's recent rate cuts creating a ripple effect in the financial sector, undervalued stocks like Wells Fargo (WFC), Citigroup (C), and Banco Santander (SAN) are poised for a comeback. As these banks adapt through digital transformation and increased loan demand, they are well-positioned to deliver substantial gains to your portfolio. Read on… The Federal Reserve's recent rate cut to stimulate the economy could be a boon for the financial sector. By lowering interest rates, borrowing becomes more affordable, which can lead to a surge in loan demand. For banks, this means an opportunity to boost earnings, especially those heavily reliant on lending.
Given this backdrop, investors could watch under-the-radar financial stocks, Wells Fargo &amp; Company (<a href="https://stocknews.com/stock/WFC/">WFC</a>), Citigroup Inc. (<a href="https://stocknews.com/stock/C/">C</a>), and Banco Santander, S.A. (<a href="https://stocknews.com/stock/SAN/">SAN</a>), which are poised for a strong comeback in this low-rate environment.
As per the Cognitive Market research, the global Banking and Financial Services market is anticipated to grow at a <a href="https://www.cognitivemarketresearch.com/banking-and-financial-services-market-report#:~:text=Global%20Banking%20and%20Financial%20Services%20Market%20Report%202024%20Market%20Size,7.9%25%20from%202023%20to%202030.">CAGR of 7.9%</a> by 2030, further making the outlook for undervalued financial stocks appear more promising. Market analyst <a href="https://www.forbes.com/sites/jeffreymarcus/2024/09/21/whats-next-after-the-feds-big-rate-cut/">Dan Irvine</a> believes the rate cut has the potential to "stimulate investment, spur consumer spending, and reinvigorate economic activity." If the Fed continues to lower rates, banks could see more loan activity, which means more economic spending and investment.
Additionally, the financial industry is reshaping its landscape with <a href="https://www.ibm.com/think/topics/digital-transformation-banking">digital transformation</a> by incorporating advanced technologies like artificial intelligence (AI), blockchain, and the Internet of Things (IoT). These innovations are helping banks deliver more seamless and personalized experiences, making them more adaptive and efficient in meeting the needs of modern consumers.
With that in mind, let's take a closer look at the fundamentals of these stocks:
Wells Fargo &amp; Company (<a href="https://stocknews.com/stock/WFC/">WFC</a>)
WFC provides international diversified banking, investment, mortgage, and consumer and commercial finance products and services. The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.
On September 18, WFC announced a 50-basis points reduction in its prime rate, lowering it to 8% from 8.50%. This rate cut makes borrowing more affordable, potentially boosting loan demand and expanding WFC's lending business.
In the same month, WFC launched specialized Application Programming Interfaces (APIs), tailored for its Commercial Banking clients. This programming will help WFC provide faster and more adaptive inventory management, order processing, invoicing, accounts payable, and supply chain management.
On August 20, WFC entered into an agreement with Trimont, LLC, a specialized global commercial real estate loan servicer and advisor, to sell its non-agency third-party servicing segment of its Commercial Mortgage Servicing (CMS) business. This transaction aligns well with the company's strategy of focusing business on core consumers and corporates.
In terms of forward non-GAAP P/E, WFC is trading at 10.63x, 10.8% lower than the industry average of 11.92x. Likewise, the stock's forward Price/Sales and Price/Book multiples of 2.24 and 1.11 are 22.2% and 6.9% lower than their respective industry averages of 2.88 and 1.19.
WFC's total revenue for the second quarter (ended June 30, 2024) increased marginally year-over-year to $20.69 billion, while the Wealth and Investment Management segment reported a total revenue of $3.86 billion, indicating a 5.8% growth from the prior-year quarter. The company's <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> attributable amounted to $4.91 billion, and its EPS came in at $1.33 per share, up 10.8% year-over-year.
Analysts expect WFC's revenue and EPS for the current year (ending December 2024) to be $82.24 billion and $5.10, respectively. For the fiscal year 2025, its revenue and EPS are expected to grow by 1.2% and 6.6% from the prior year to $83.26 billion and $5.43, respectively.
Over the past year, the stock has surged 30.2%, closing the last trading session at $54.16.
WFC's stance is apparent in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has a B grade for Value and Momentum. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
Among the nine stocks in the <a href="https://stocknews.com/category/money-center-banks/">Money Center Banks</a> industry, it is ranked first. <a href="https://stocknews.com/stock/WFC/">Click here</a> to see the additional WFC ratings (Growth, Stability, Sentiment, and Quality).
Citigroup Inc. (<a href="https://stocknews.com/stock/C/">C</a>)
C is a global diversified financial service holding company offering several financial products and services to consumers, corporations, governments, and institutions. It operates through five segments: Services; Markets; Banking; U.S. Personal Banking; and Wealth. 
On September 18, C lowered its base lending rate by 50 bps to 8% from 8.5%. This move could ease borrowing costs for consumers, potentially driving loan growth and boosting the bank's interest income.
On August 8, the company announced that it had been selected by the Taiwan Depository &amp; Clearing Corporation to provide global custody services as TDCC implements a new centralized custody platform. The support will allow C to leverage its experience in supporting financial market infrastructure and enhance the securities services ecosystem for investors.
In the same month, C was appointed as a depositary bank by NIP Group Inc. (NIP) for its American Depositary Receipt (ADR) program, enabling it to expand its role in international markets, supporting cross-border capital flows and boosting its revenue from depositary services.
In terms of forward GAAP P/E, C is trading at 10.53x, which is 11.7% lower than the industry average of 11.92x. The stock's forward Price/Sales ratio of 1.45x is 49.5% below the industry average of 2.88x. Also, its forward non-GAAP PEG multiple of 0.40 compares to the industry average of 1.28x.
For the second quarter of 2024, which ended on June 30, C's total revenues, net of interest expense increased 3.6% year-over-year to $20.14 billion. Its income from continuing operations came in at $3.26 billion, up 10.5% year-over-year. The company's net income stood at $3.26 billion, or $1.52 per diluted share, indicating an increase of 10.4% and 14.3% year-over-year, respectively.
Street expects C's revenue for the fiscal fourth quarter (ending December 2024) to increase 11.7% year-over-year to $19.48 billion, while its EPS estimate of $1.26 for the same period indicates a 49.6% year-over-year growth. Moreover, it topped the street EPS estimates in each of the trailing four quarters, which is excellent.
C shares have surged 47.8% over the past year and 17.6% year-to-date to close the last trading session at $61.37.
C's mixed fundamentals are reflected in its POWR Ratings. The stock has a B grade for Value and is ranked #5 out of 9 stocks in the Money Center Banks industry.
Beyond what is stated above, we've also rated C for Growth, Momentum, Stability, Sentiment, and Quality. Get all C's ratings <a href="https://stocknews.com/stock/C/">here</a>.
Banco Santander, S.A. (<a href="https://stocknews.com/stock/SAN/">SAN</a>)
Headquartered in Madrid, Spain, SAN is a retail and commercial bank that provides financial services worldwide. The company operates through four segments: Retail Banking; Santander Corporate &amp; Investment Banking; Wealth Management &amp; Insurance; and PagoNxt.
On September 9, SAN and Atitlan announced the launch of Atgro, a global investment platform dedicated to agricultural projects, focusing on ‘superfoods' and sustainable production. The company's involvement in Atgro strengthens its commitment to sustainability and diversifies its investment portfolio, potentially driving long-term growth in the agricultural sector.
In the same month, SAN agreed to become the official retail banking partner of Formula 1&#xAE; for a multi-year deal starting in 2025. This partnership is expected to deepen the company's customer engagement and create value across the market.
In terms of forward non-GAAP P/E, SAN is trading at 6.27x, 47.4% lower than the industry average of 11.92x. Likewise, the stock's forward non-GAAP PEG and Price/Sales multiples of 0.42 and 1.12 are 67.6% and 61% lower than the industry averages of 1.28x and 2.88x, respectively.
In the second quarter that ended on June 30, 2024, SAN reported a total income of €15.67 billion ($17.44 billion), representing an increase of 4.2% year-over-year. The company's profit from continuing operations came in at €3.45 billion ($3.87 billion), up 11.6% from the prior year. In addition, its profit attributable to the parent amounted to €3.21 billion ($3.57 billion) and €0.20 per share, reflecting increases of 12.4% and 17.6% year-over-year, respectively.
The consensus revenue estimate of $16.68 billion for the fiscal third quarter (ending September 2024) represents a 6.2% increase year-over-year. The consensus EPS estimate of $0.23 for the same quarter indicates a 26.9% improvement year-over-year. The company has an impressive surprise earnings history; it surpassed the consensus EPS estimates in three of the trailing four quarters.
The stock has gained 37.2% over the past year to close the last trading session at $5.07.
SAN's POWR Ratings reflect its promising outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system.
SAN has an A grade for Momentum and a B for Value, Stability, and Sentiment. It is ranked first out of 90 stocks in the <a href="https://stocknews.com/category/foreign-banks/">Foreign Banks</a> industry. <a href="https://stocknews.com/stock/SAN/">Click here</a> to see the other ratings of SAN for Growth and Quality.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
WFC shares were trading at $53.57 per share on Wednesday afternoon, down $0.59 (-1.09%). Year-to-date, WFC has gained 11.07%, versus a 20.92% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/wfc-c-san-3-undervalued-financial-stocks-poised-for-a-comeback/>3 Undervalued Financial Stocks Poised for a Comeback</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Undervalued Financial Stocks Poised for a Comeback

BlackRock to invest up to $1B a year in certain Banco Santander loans

Undercovered Dozen: Burford Capital, Metlife, Garrett Motion, Kaspi +

OpenAI announces new $4B credit facility with bank consortium

Goldman Sachs analyst Chris Hallam maintained a Buy rating on Banco Santander (BNC – Research Report) today. The company's shares closed yesterday ...

Comments

Banco Santander

뉴스

에 대한 최신 뉴스 Banco Santander (NYSE:SAN) 주식

금요일, 10월 04, 2024

사람들이 또한 지켜본다

뉴스

파트너 / 기고자

벤징가 글로벌