Banco Santander: The Risk-Reward Proposition Has Not Improved Much Following Recent Events
Source: SeekingAlpha
2026-02-27 18:18:41 ET
As I’ve covered in the recent past, I’m not particularly bullish on Banco Santander ( SAN ) following a strong share price rally over the past year, with the bank’s shares trading nowadays at a premium valuation to its historical values. As shown in the next graph, Santander’s valuation based on the price-to-book value (P/BV) is nowadays above 1.6x, being the highest level over the last decade. ...
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Banco Santander: The Risk-Reward Proposition Has Not Improved Much Following Recent Events
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