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Morningstar

Morningstar

Aug 28, 2026

Banco Santander, S.A.: Santander: Fairly Valued, With Upside Depending on Beating Its Plan

Symbols

SAN

Sector(s)

Financial Services

Rating

Current Price

14.93

Fair Value

Economic Moat

Stewardship

Summary

Santander runs five global businesses: retail and commercial banking, corporate and investment banking, wealth management and insurance, payments, and a digital platform Openbank. Spain is the largest single profit contributor, followed by Brazil, the United States, Mexico and

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