Banco Santander, S.A. (SAN) Is A European Bank That's Not A Loser, Says Jim Cramer
Banco Santander, S.A. (NYSE:SAN) is one of Cramer's favorite European and banking stocks. The shares have gained 89% year-to-date, and the CNBC host had started to express his optimism in January, well before the recent share price movement. Banco Santander, S.A. (NYSE:SAN)'s stock has benefited from an overall growing interest in European markets due to uncertainty in America and from strong earnings. Cramer's previous comments have praised the firm's Ana Botin, and he kept the praise this time too:
'Okay so David, there's another bank, European bank, not a loser. . . .Banco Santander, Ana Botin, stock's up 88%. Uh Jamie's up 20%. Well, which would you rather own?
A view of a large corporate office building, illuminated at night to show its power and reach.
Earlier, he shed light on some of the driving factors behind the shares:
'Long time Cramer fave, Banco Santander, which is the second-best performing in the index (IBEX 35), up almost 52% for the year. Hey, by the way, Santander's American Deposit Receipts, SAN for you home gamers, are up almost 50% since we last spoke to Executive Chair Ana Botín back in October. Due to an embrace of technology and a knowledge of the consumer worldwide, Botín has built a powerhouse that's the envy of Europe. They just did a really smart transaction in Poland last week… Many reasons I'm partial to Santander, symbol, SAN.'
While we acknowledge the potential of SAN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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