Banco Santander stock: 2026 targets hold as quote gains since report

Banco Santander stock traded at 11.07 euros on Lang & Schwarz at 17:51 CET on Monday, November 9, 2026, 3.94 percent above the 10.65-euro quote in the previous report from Friday, November 6. The comparison reflects the change since that report and is separate from a daily Xetra comparison.

Targets remain unchanged

Santander published its third-quarter 2026 results on October 28 and kept its full-year targets intact. The bank continues to target mid-single-digit revenue growth, lower costs in constant euros and profit above the 14.1 billion euros reported for 2025.

The group also retained its year-end CET1 target of 12.8 to 13 percent. Santander's investor-relations page reported underlying profit of 11.2 billion euros for the first nine months, underlying return on tangible equity of 16.0 percent and a CET1 ratio of 12.7 percent.

Santander's investor-relations page also lists the next quarterly earnings presentation for February 3, 2027. That appointment gives investors the next scheduled point for an update on profit, capital and the integration effects of recent acquisitions.

What changed since the last report

The latest share-price comparison is the new investor-relevant development. Santander's operating backdrop remains anchored by the nine-month figures: underlying profit rose 16 percent to 11.176 billion euros, while revenue increased 8 percent to 46.807 billion euros.

Attributable profit reached 12.405 billion euros, but the statutory result included a net capital gain from the disposal of Santander Bank Polska and charges including integration costs for TSB and Webster. Underlying profit therefore remains the clearer measure of recurring operating performance in the latest results.

Spain's broader equity market can be followed through the IBEX 35.

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