Banco Santander (SAN) Stock Analysis & Forecast

Nov 4 close

$12.07+0.73 (+6.4%)

Gekko Brief

Nov 4 close

Banco Santander closed at $12.07 on 4 November 2026, +6.4% on the day. The price sits between the 50-day ($13.72) and 200-day ($12.94) moving averages, inside a 52-week range of $9.96 to $15.05. The GekkoIndex reads 66.1, in the Accumulation zone, down 10.6 points over five sessions. Gekko Fair Value is $14.09, so the price is 14.3% below it.

The next earnings report is due on 2 February 2027, 89 days away (before open). Over the last 8 reports the company beat the earnings estimate 2 times, with an average move of 4.2% across the report. Seasonally, the next 20 trading days from this point averaged +0.7% over the last 5 years, rising in 3 of them.

2 firms rate the stock: 0 buy, 2 hold and 0 sell, with a consensus target of $14.56. A typical daily move is about 3.5%, and a typical 20-day move about 6.4%. On the swing-trade checklist, 4 items read supportive and 0 read as a headwind.

A plain summary of the figures as of the Nov 4, 2026 close.

Banco Santander price vs fair value

$14.09$12.07Nov ’25May ’26Nov ’26
Close $12.07200-day averageGekko Fair Value $14.09

Banco Santander quick facts

Market cap
$175.6B
P/E ratio
10.8
Forward P/E
7.9
EPS, TTM
$1.06
Revenue, TTM
$49.63B
Profit margin
32.6%
Dividend yield
2.25%
Beta
0.89
Volume
7.93M avg 8.51M
1-year return
+18.6%
Typical daily move
±3.5%
Typical 20-day move
±6.4%
50-day average
$13.72
200-day average
$12.94
Next earnings
Feb 2 before open
Shares outstanding
14.42B
52-week range
$9.96$15.05

Banco Santander swing-trade checklist

Banco Santander scores 4 supportive, 1 mixed and 0 headwinds across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

4 supportive1 mixed0 headwinds

  • Trendmixed

    Averages disagree

    Close $12.07 sits between the 50-day ($13.72) and 200-day ($12.94) averages, or the averages disagree.

    See the chart
  • GekkoIndexsupportive

    66.1, Accumulation

    Reading 66.1 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuesupportive

    14.3% below

    Price is 14.3% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings risksupportive

    Reports in 89 days

    Next report Feb 2, 2027, 89 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +0.7% on average

    From this point in the calendar, the next 20 trading days averaged +0.7% over 5 years, rising in 3 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Banco Santander stock chart and price history

Banco Santander closed at $12.07 on Nov 4, 2026, +18.6% over the past year, inside a 52-week range of $9.96 to $15.05.

Close50-day average200-day averageVolume
Banco Santander share price, past year, with 50-day and 200-day moving averages and volume$8$10$14DecJan 2026FebMarAprMayJunJulAugSepOct12.07

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−13.8%
3 months
−17.6%
6 months
−2.7%
1 year
+18.6%
The full SAN chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open SAN in Gekko

Follow Banco Santander through every session

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About Banco Santander

Banco Santander provides banking products and services to individuals, small and medium-sized businesses, and large corporations around the world. Its work spans everyday retail banking, including checking, savings, and fixed-term deposit accounts, as well as lending in the form of mortgages, consumer finance, syndicated loans, and structured financing.

Beyond consumer banking, Santander supports business clients with cash management, trade and working capital financing, export and agency finance, and corporate finance, along with insurance products. It also runs asset and wealth management, private banking, corporate banking, treasury and risk-hedging services, foreign trade support, confirming, custody, and investment banking. This wide range of services reaches customers through a network of 9,879 branches.

The bank traces its founding to 1856 and is headquartered in Madrid, Spain. It took on its present name, Banco Santander, S.A., in June 2007, after previously operating as Banco Santander Central Hispano S.A. Its shares trade under the ticker SAN.

Sector
Finance
Website
santander.com

Banco Santander GekkoIndex: the smart money zone

Banco Santander’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 66.1, in the Accumulation zone, down 10.6 points over five sessions.

010066.1Accumulation

Down 10.6 points over five sessions, from the Buying zone.

Reading for Nov 4, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying10+3.0%+6.1%+8.9%+12.8%
Accumulation (current zone)127+1.3%+2.1%+4.3%+15.3%
Neutral449+0.7%+1.3%+2.8%+8.2%
Distribution64+0.6%+2.8%+6.0%+9.6%
Selling0Not available

Average SAN share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.0% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the SAN price, zone by zone.Track SAN in Gekko

Is Banco Santander stock overvalued? Gekko Fair Value

Banco Santander trades 14.3% below Gekko Fair Value of $14.09, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what Banco Santander shares are worth, recalculated every trading day.

$14.09

Gekko Fair Value, Nov 4, 2026

14.3% Undervalued

At the end of Aug 2026 the price was 0.1% above the estimate.

Gekko Fair ValueShare price, month end
$14$11Aug 2026SepOctNov 2026

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open SAN in Gekko

Banco Santander insider and Congress trading

No open-market insider purchases were filed for Banco Santander, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for SAN in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every SAN insider filing, plotted on the chart in Gekko.Open SAN in Gekko

Congress trades last 90 days

No trades in SAN were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for SAN, plotted on the chart in Gekko.Open SAN in Gekko

Buybacks

Banco Santander has been buying back its own shares.

Bought back, quarter ended Sep 29, 2025
$591.0M
As a share of market cap
0.34%

From company filings.

Banco Santander earnings: next date and track record

Banco Santander reports on Feb 2, 2027, before the open (89 days away), and beat the EPS estimate in 2 of its last 8 reports.

2 of 8reports beat the EPS estimate
±4.2%average move across the report
3 of 8reports followed by a gain

Share-price move across each report

+12.5%Feb ’25−5.8%Apr ’25−3.5%Jul ’25+1.8%Oct ’250.0%Feb ’26+1.0%Apr ’26−3.2%Jul ’26−5.8%Oct ’26

Last earnings call, Oct 28, 2026 AI summary

What they said
Santander reported record underlying profit of EUR 11.2 billion for the first nine months of 2026, up 14% year-on-year in constant euros. Revenue grew 7% with NII up 8% and record fees up 7%. Underlying RoTE reached 16% with CET1 at 12.7%. Q3 marks the first full quarter including TSB and Webster acquisitions. ONE Transformation drove ~2 percentage points efficiency improvement.
Guidance
Management targets continued progress toward 2028 financial goals with sustained operational leverage across global businesses. Further efficiency gains expected as AI, automation, and global tech platforms scale. Capital generation trajectory supports ongoing shareholder value creation.
ReportedEPSSurpriseRevenueSurpriseMove
Oct 28, 2026$0.26
est $0.26
0.0%$17.78B
est $18.14B
−2.0%−5.8%
Jul 22, 2026$0.27
est $0.29
−6.9%$17.92B
est $17.90B
+0.1%−3.2%
Apr 29, 2026$0.27
est $0.29
−6.9%$17.71B
est $17.66B
+0.3%+1.0%
Feb 4, 2026$0.30
est $0.26
+14.8%$19.01B
est $18.45B
+3.0%0.0%
Oct 29, 2025$0.23
est $0.25
−8.0%$14.18B
est $15.89B
−10.8%+1.8%
Jul 30, 2025$0.25
est $0.25
0.0%$16.88B
est $15.25B
+10.6%−3.5%
Apr 30, 2025$0.22
est $0.22
0.0%$13.70B
est $15.68B
−12.6%−5.8%
Feb 5, 2025$0.21
est $0.19
+10.5%$16.37B
est $15.53B
+5.5%+12.5%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Banco Santander stock forecast and analyst price targets

Analysts’ average 12-month price target for Banco Santander is $14.56, +20.6% from the last close, from 2 firms rating the stock in the last 90 days.

$14.56consensus 12-month target, +20.6% from the last close
Buy0
Hold2
Sell0

Each firm’s latest rating in the last 90 days: 2 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Oct 30Erste GroupHold, downgraded——
Oct 28Bank of America SecuritiesHold, reiterated$15.68+29.9%
+4.3%average 20-day move after past Accumulation readings
+0.7%average move over the next 20 trading days in the last 5 years
±3.5%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Banco Santander seasonality: the next 20 trading days

Over the next 20 trading days from Nov 4, Banco Santander averaged +0.7% across the last 5 years, rising in 3 of them.

Next 20 trading days, by year

−15.8%2021+8.2%2022+10.9%2023−6.8%2024+9.2%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+0.5%2 of 5
Next 10 trading days−0.1%2 of 5
Next 15 trading days−0.8%3 of 5
Next 20 trading days+0.7%3 of 5
Next 30 trading days+0.9%3 of 5

For scale, SAN’s typical 20-trading-day move in either direction is about 6.4%.

Banco Santander market cap and key statistics

Banco Santander’s market cap is $175.6B, with a P/E ratio of 10.8 and revenue of $49.63B over the last twelve months.

Valuation

Market cap
$175.6B
P/E ratio
10.8
Forward P/E
7.9
EPS, TTM
$1.06
Gekko Fair Value
$14.09

Trading

Volume
7.93M
Avg volume, 20 days
8.51M
52-week high
$15.05
52-week low
$9.96
Shares outstanding
14.42B

Financials

Revenue, TTM
$49.63B
Profit margin
32.6%
Return on equity
13.1%
Quarterly earnings growth, YoY
−4.3%

Risk and income

Beta
0.89
Typical daily move
±3.5%
Typical 20-day move
±6.4%
Dividend yield
2.25%

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Banco Santander stock FAQ

What is Banco Santander’s market cap?

Banco Santander’s market cap is $175.6B at the Nov 4, 2026 close of $12.07, with 14.42B shares outstanding. The shares trade on a P/E ratio of 10.8.

What is the Banco Santander stock forecast?

The consensus analyst 12-month price target for Banco Santander is $14.56, +20.6% from the last close. Of the 2 firms that rated the stock in the last 90 days, 0 rate it a buy, 2 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is Banco Santander stock overvalued or undervalued?

On Gekko’s estimate Banco Santander is undervalued: the Nov 4, 2026 close of $12.07 is 14.3% below Gekko Fair Value of $14.09. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Banco Santander report earnings next?

Banco Santander is expected to report on Feb 2, 2027, before the market opens (89 days away). Analysts expect earnings of $0.27 per share on revenue of $18.70B. Banco Santander beat the earnings estimate in 2 of its last 8 reports, moving 4.2% on average across the report.

What is Banco Santander’s 52-week high and low?

Banco Santander’s 52-week high is $15.05 and its 52-week low is $9.96; it closed at $12.07 on Nov 4, 2026, +18.6% over the past year.

Is Banco Santander stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 4 of the 5 items with data read as supportive (gekkoindex, fair value, earnings risk and seasonality), 1 as mixed (trend). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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