- Banco Santander (SAN +0.9%) gets a small pop near the open as JPMorgan removes its Sell rating on the stock and lifts one notch to Hold.
- Despite the recovery, or at least stabilization in Spain (and Europe overall) this year, Santander has been unable to get out of its own way, slipping 7% YTD and off 3% Y/Y. Spanish competitor BBVA is up 11% YTD and ahead 24% Y/Y.
Banco Santander Floating Rate Non-Cumulative Series 6 Guaranteed Preferred Securities About To Put More Money In Your Pocket
at Nasdaq.com (Nov 17, 2014)