RBC Capital raises PT on Banco Santander (SAN) to EUR 8.50 from EUR 7.50 and maintains sector performance rating
Banco Santander, SA (NYSE: SAN) is one of the best undervalued stocks to buy under $50. Banco Santander, SA (NYSE:SAN) received a rating update from RBC Capital on November 3, with the company raising the price target from EUR 7.50 to EUR 8.50 while maintaining a Sector Perform rating on the shares.
This rating follows the publication by Banco Santander, SA (NYSE: SAN) of results for the nine months of 2025, with revenues stable at €46.3 billion and record net fee income, up 4% year-on-year. Operating expenses, however, fell 1%, with management attributing the decline to the bank’s pivot to a more digital, simpler and globally integrated model.
Banco Santander, SA (NYSE: SAN) further reported attributable profit of €10.337 billion for the first nine months of 2025, up 11% from the same period last year and marking a record performance for the period for the company. Attributable profit for the third quarter of fiscal 2025 also reached a new record of €3.504 billion, representing growth of 8% year-on-year and a sixth consecutive record quarter.
Additionally, its customer base saw the addition of more than seven million new customers over the past 12 months, bringing the total number to 178 million. These strong results were attributed to record levels of fee income and further efficiency gains, strong net interest income performance and continued improvement in credit quality.
Banco Santander (NYSE: SAN) is a Spain-based company that operates as a retail and commercial bank. Its segments are scattered across Continental Europe, the United Kingdom, Latin America and the United States.
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Disclosure: None. This article was originally published on Initiated Monkey.
