Savings Experiment: Snow Removal
Why Your 2012 Tax Bill May Jump By $8,000That's because Banco Santander, S.A. (ADR) (NYSE: STD) is one of Europe's leading banks, offering retail banking and consumer finance services in Spain, Portugal, the United Kingdom, Germany, Italy and other parts of Europe. The company also operates subsidiaries in Argentina and Mexico, and in 15 other Latin American countries.
Hence, it goes without saying that analysts like Banco's geographic footprint, lending base, and customer breadth. Most important, Banco appears to have been unaffected by the August 2007 subprime-driven financial turmoil.
Asset quality remains good, and costs are under control. The Reuters FY 2007/FY 2008 EPS consensus estimates for STD are $1.85 to $2.10.
The risks? Analysts have their eye on Latin America's and Europe's economies for any signs of an economic slowdown - - a slowdown that obviously would affect STD's results. Analysts are also monitoring STD's domestic loan portfolio for any hints of future problems.
The First Call mean rating for STD is: Buy [2 firms]. Mean 2008 target: $29.00 [high: $29, low: $29].
Stock Analysis: Banco Santander SA is a moderate-risk stock not suitable for low-risk investors. Investors with an investment horizon longer than 2 years should be rewarded from STD's shares. Sell/Stop Loss if you were to purchase shares in this company: $14.
Disclosure: Lazzaro has no positions in stocks. In addition to private real estate holdings, he owns corporate and municipal bonds, and cash certificates of deposit.
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Reader Comments (Page 1 of 1)
2-07-2008 @ 8:07AM
stefan licari said...
Hi ,
I have just received a fax and it says that it comes from your bank.
On this fax is a certificat which says that this mr Fernandez deposit a big some of Euros which are addresed to my wife.
Kindly send me your email address so that i will send you a copy of this fax and you will be able to tell me if this is true or fraud please.
regards,
Stefan Licari