Why Banco Santander (SAN) Stock Is Up Today

NEW YORK (TheStreet) -- Banco Santander  (SAN) rose Friday after Spain's largest bank reported second-quarter earnings that beat analysts' expectations.

The bank reported a 38% year-over-year rise in profit to 1.45 billion euros, or $1.94 billion, from 1.05 billion euros to mark its greatest profit in nine quarters. The figure beat the consensus estimate of 1.36 billion euros, according to Bloomberg.

The stock was up 0.4% to $10.01 at 9:59 a.m.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

SAN Chart SAN data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

If you liked this article you might like

With Eyes on Solar Eclipse, Wall Street Stumbles Yet Again

Renewed Speculation of ECB Tightening Boosts the Euro

European Banks Stocks Rebound as Investors Put Risk Bank Into Play