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$SAN (-1,62 %) What do you think of the Santander share? Get in or stay away?

Good afternoon everyone, I have decided that I want to close my account with my current bank (VR Bank) and switch to a cheaper alternative.

I don't want to pay any more current account fees (currently €4.5/month) and I need a credit card because of my work. As I'm a bit old-fashioned, I'd also like to be able to go directly to a branch in case of urgent problems.

Apparently Santander Bank offers $SAN (-1,62 %) offers everything I need, a free current account (the 1/2/3 account even comes with a bonus), a free or, if required, premium credit card and branches in all major cities.

Now to my question, is anyone here with Santander and if so, what are your experiences? Do you have any other banks that match what I'm looking for?

Thank you very much and have a nice evening everyone 🍻

Ana BotínCEO of $SAN (-1,62 %), demanded during a panel discussion at the #wef2025that governments should create targeted framework conditions to drive economic growth.

"Europe is not a museum, but we are in danger of becoming one. At the same time, many innovations, such as the development of new vaccines, come from Europe. We have many start-ups, but the problem is that they start here and then migrate to the USA."

Also Steven van Rijswijk, CEO of $ING (-0,85 %)also sees an excess of banks in Europe as an obstacle to an efficient capital market.

He explained that the creation of a capital markets union with uniform fiscal, monetary and regulatory requirements in the EU could lead to a reduction in the banking landscape in the long term.

"There are too many banks in Europe for an efficient capital system"

He also pointed out the negative effects of fragmented regulations within Europe, which make a uniform banking system more difficult than in the USA.

"There are different regulations in Europe in areas such as anti-money laundering, data protection and cybersecurity"

"These differences hinder efficient cooperation between banks and their customers."

While the USA will begin the gradual introduction of the Basel III capital framework in the second half of 2025 and the Bank of England has postponed its implementation by one year to 2027, the EU already introduced the new framework at the beginning of the year.

This capital framework increases the minimum capital requirements for banks, which makes it more difficult for them to lend and could weigh on profits. Van Rijswijk warned that these differences between jurisdictions could put European banks at a disadvantage in global competition.

Analyst updates, 04.11.

⬆️⬆️⬆️

- BERENBERG raises the target price for SHELL from GBP 31 to GBP 31.50. Buy. | $SHEL (-1 %)

- BERENBERG raises the price target for MTU from EUR 270 to EUR 350. Buy. | $MTX

- BRYAN GARNIER raises the price target for HELLOFRESH from EUR 8.50 to EUR 10. Neutral. | $HFG (+0,28 %)

- DEUTSCHE BANK RESEARCH raises the price target for SCOUT24 from EUR 84 to EUR 92. Buy. | $G24

- DEUTSCHE BANK RESEARCH raises the price target for SANTANDER from EUR 5.75 to EUR 5.80. Buy. | $SAN (-1,62 %)

- RBC raises the target price for NEXT PLC from GBP 105 to GBP 108. Sector Perform. | $NXT

- UBS raises the price target for CHEVRON from USD 192 to USD 194. Buy. | $CVX

⬇️⬇️⬇️

- UBS lowers the price target for BERKSHIRE HATHAWAY from USD 806.724 to USD 796.021. Buy. | $BRK.B (+0,77 %)

- CITIGROUP lowers the price target for STMICRO from EUR 36 to EUR 30. Buy. | $STMPA (-1,27 %)

- JPMORGAN lowers the price target for ASM INTERNATIONAL from EUR 806 to EUR 716. Overweight. | $ASM (-5,4 %)

- RBC downgrades CARL ZEISS MEDITEC from Outperform to Sector-Perform and lowers target price from EUR 85 to EUR 70. | $AFX

- WARBURG RESEARCH lowers the price target for KION from EUR 65 to EUR 58. Buy. | $KGX (-2,77 %)

- ODDO BHF downgrades JENOPTIK from Neutral to Outperform and lowers target price from EUR 32 to EUR 30. | $JEN (-0,47 %)

- ODDO BHF lowers the price target for AIXTRON from EUR 22 to EUR 21. Outperform. | $AIXA (-4,16 %)

- ODDO BHF lowers the price target for FIELMANN from EUR 45.70 to EUR 44.60. Neutral. | $FIE

- HAUCK AUFHÄUSER IB lowers the price target for KNORR-BREMSE from 65.50 EUR to 63.60 EUR. Sell. | $KBX (-1,07 %)

- GOLDMAN downgrades STANDARD CHARTERED to Neutral. Target price GBP 9.37. | $STAN (+3,03 %)

- GOLDMAN lowers the price target for GENERALI from EUR 31.50 to EUR 30.50. Buy. | $G (-1,64 %)

- GOLDMAN lowers the price target for PHILIPS from EUR 35 to EUR 32. Buy. | $PHIA (-1,5 %)

Earnings summary this morning 👇🏼

$BP. (-1,12 %)
| BP Q3 2024 Earnings

EPS Adj 13.89C (12.67C)

Adj Net $2.27B (est $2.05B)

Oper Cash Flow $6.16B (est $6.29B)

Net Debt $24.21B (est $23.28)

Plans 1.75B Share Buyback For Third Quarter

Sees 4Q Reported Upstream Production To Be Lower Vs Q3

$OMV (-1,11 %) | OMV AG Q3 24 Earnings:

- Clean CCS Oper Profit EU1.10B (est EU1.05B)

- Clean CCS Net Income EU346M (est EU447.8M)

- Still Sees FY Organic CAPEX About EU3.8B (est EU3.68B)

- Sees FY Avg Production 330, 000 To 350, 000 BOE/D

$NOVN (-0,16 %) | Novartis Q3 24 Earnings:

- Core EPS $2.06 (est $1.94)

- Net Sales $12.82B (est 12.68B)

- Net Sales Expected To Grow By 'Double Digit'

- Raises FY Outlook

- Now Sees FY Core Oper Income Growth In High Teens

$SAN (-1,62 %) | Santander Q3 24 Earnings:

- Net Income EU3.35B (est EU3.17B)

- Net Interest Income EU11.23B (est EU11.57B)

- Net Loan - Loss Provision EU2.98B (est EU3.18B)

- Confident It'll Deliver On All Targets

$HSBA (-0,23 %) | HSBC Q3 24 Earnings:

- Div/Shr 10C (est 10C)

- Net Interest Income $7.64B (est $9.25B)

- Sees Div payout Ratio Target Basis of 50% for 2024

- Announces Up $3B Buy Back

$ADS (+1,99 %) | Adidas is optimistic after a strong third quarter and confirms a sales increase of 7.3% to 6.4 billion euros. Demand in Europe and growth in China are driving the development, while profits increase by 73.4% to 469 million euros.

$HYQ (-1,01 %) | Hypoport increases revenue by 29% to 114 million euros in the third quarter and achieves an operating profit of 3.6 million euros, which is above analysts' expectations. The upturn in real estate finance is driving growth.

$LHA (+4,2 %) | Lufthansa announces a savings program to increase adjusted operating profit by EUR 1.5 billion by 2026. Adjusted profit in the third quarter of 2024 falls by 9% to EUR 1.3 billion Deutsche Lufthansa AG expects an operating profit of between EUR 1.4 billion and EUR 1.8 billion for the full year 2024, after focusing on the cost structure in the third quarter. The share is benefiting from hopes of an easing of the Middle East conflict.

$CEC (-3,46 %) | Ceconomy exceeds analysts' expectations with adjusted EBIT in the upper half of the range of 290 to 310 million euros. Sales increase by 5.3% to around 22.4 billion euros in the 2023/2024 financial year

$HFG (+0,28 %) | HelloFresh Group achieves currency-adjusted revenue growth of 1.9% compared to the previous year and adjusted EBITDA ("AEBITDA") of €72 million