The barriers and benefits as a global bank looks to branch out in Canada [BNN Bloomberg (Canada)]
Banco Santander, S.A. Sponsored ADR (Spain) (SAN)
US:NYSE Investor Relations:
santander.com/csgs/satellite/cfwcsancomqp01/en_gb/corporate/shareholders-and-investors.html
Company Research
Source: BNN Bloomberg
But Spain's Banco Santander — which has already shown an ability to attract customers, with more than 168 million of them worldwide — is poised to be among the few that have tried as it nears the all-clear to expand in Canada. A fresh international challenger has the potential to add competition to the country's banking oligopoly, though experts warn it won't be easy to shake up the status quo. “You'd think the Canadian banking market should be ripe for disruption, and yet that never seems to happen,” said Andrew Spence, author of the recently published book, “Fleeced: Canadians versus their banks.” The Canadian market, where the Big Six banks made about $54 billion in profits in 2024, should be tempting because it consistently shows margins well ahead of other regions, said Spence. On the crucial banking indicator of earnings relative to equity, Canadian banks have come in about 40 per cent higher on the ratio than U.S. banks over the past couple of decades, and around doubl
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News
- Santander Bank Lowers Its Prime Rate to 7.50%Business Wire
- Global bank Santander looks to enter Canada [Investment Executive - News]Investment Executive - News
- The barriers and benefits as a global bank looks to branch out in Canada [Yahoo! Finance Canada]Yahoo! Finance Canada
- Telsey Advisory Group LLC announces U.S. Equity Research alliance with Santander [Yahoo! Finance]Yahoo! Finance
- Santander Goes National in the United States with Openbank, Bringing High Yield Savings Opportunities to More AmericansBusiness Wire
SAN
Earnings
- 10/30/24 - Miss
SAN
Sec Filings
- 12/19/24 - Form 6-K
- 12/13/24 - Form SBSE-A/A
- 12/11/24 - Form 6-K
- SAN's page on the SEC website