This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

How Healthy Is Banco Santander?

NEW YORK ( TheStreet) -- First, a shout-out to Jim Cramer. I love the way you pronounce "Banco Santander." Please give us another sampling of it on "Mad Money" Friday.

After the market closes that day, Spanish bank Banco Santander's (SAN) Argentine subsidiary, Banco Santander Rio, will report earnings for the first quarter of 2013.

SAN is a widely followed stock that trades almost seven million shares each day in the U.S. alone. If you were to purchase shares at the low on Thursday of $7.29 you'd be expecting a dividend yield-to-price of 8.37%. That's enough to make an income-oriented investor dance the flamenco with gusto.

Banco Santander is a global financial company that provides retail banking products and services for private customers, small and medium enterprises, and a host of companies in Brazil, Spain, the United Kingdom, Mexico, Portugal, Germany, Chile, Argentina, Poland and the United States.

Yes, it is headquartered in Madrid, so it does have a good bit of the "eurozone phobia" attached to it. That's probably one of the reasons Cramer and Research Director Stephanie Link would not include SAN in the ActionAlertsPlus portfolio.

If you're not adverse to some speculation, you'll be paid well to consider it as a speculative holding. After all, it's into some lucrative businesses, which include retail banking, global wholesale banking, plus asset management and insurance.

With 14,392 branches it most likely falls into the category of "too big to fail." May I remind you that the central bank of Europe has made it clear it stands ready to bail out the major financial centers of Spain, Portugal, Italy and even Cyprus?

SAN stands tall among its peers of European banking money-makers. It profits from corporate banking, treasury and investment banking activities. It designs and manages mutual and pension funds, investment companies and its clients' pension plans.

If that doesn't sound lucrative enough, it manages real estate investment products and offers trade financing and wholesale banking services. It even has an English-language version of its Web site, which I encourage you to peruse thoroughly.

SAN's first-quarter report was released April 25. In spite of a challenging economic situation in its core regions the bank reported a " profit increase over the fourth quarter 2012 with attributable profit almost three times higher."
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
SAN $5.16 0.26%
AAPL $95.03 -2.90%
FB $116.73 7.20%
GOOG $691.02 -2.10%
TSLA $247.54 -1.60%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs