Market Currents

Banco Santander (SAN) wastes no time taking advantage of the quick turn in European sentiment,...

Friday, September 7, 2012, 9:06 AM ET
Banco Santander (SAN) wastes no time taking advantage of the quick turn in European sentiment, offering €2.5B of 3.5 year paper, and hoping to price it at the same yield it sold 2-year notes for a month ago. Order books closed with €6B in bids from about 400 accounts. Shares +3.2% premarket.

This Market Current was sent to 5,081 people who get email alerts on SAN.

Get email alerts on SAN »

Share this Market Current

Short URL:

Track new comments on this story

This news story has 3 comments:

fmarone Comments (9)

Most people fail to recognize that SAN has a enviable position in countries in South America that are doing extremely well. This move confirms my confidence in their management.

7 Sep 2012, 09:09 AM Reply Like

TJ Schoenlein Comments (365)

Banco Santander (san) is arguably the best run bank in Europe in my view. It has been punished for being a Spanish bank at the wrong time. I would suggest some serious due diligence, then take a position...there is some serious money to be made here.
Long: SAN, CS,BAC,C

7 Sep 2012, 10:12 AM Reply Like

Caiman Valores Comments (1108)

TJ and fmarone I agree with your sentiments. Along with BBVA it is one of the best managed banks in the world with an enviable share of the Latin American market.

8 Sep 2012, 02:05 AM Reply Like

LATEST|

TODAY SO FAR|

YESTERDAY

Other date

DJIA (DIA) S&P 500 (SPY)