Banco Santander stock holds at EUR 12.74 as earnings rise

Published on 09/22/2026 at 12:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Banco Santander stock stood at EUR 12.74 on September 22, 2026, with a market value of EUR 186.0 billion. First-half profit reached EUR 7.328 billion.

SAN, US05964H1059, Illustration mit AI erstellt.

Banco Santander stock (ISIN US05964H1059) stood at EUR 12.74 on the Madrid market at 10:45 a.m. on September 22, 2026, unchanged on the session and near the intraday range of EUR 12.63 to EUR 12.77. The market capitalization was EUR 186.0 billion, while reported volume stood at 2,368,830 shares.

First half delivers higher profit

The latest operating figures point to a stronger earnings base. According to StockTitan in a filing dated September 21, 2026, Santander reported total income of EUR 30.8 billion and profit attributable to the parent of EUR 9.0 billion for the six months ended June 30, 2026.

Bolsamania reported on September 22, 2026, that ordinary profit reached EUR 7.328 billion in the first half, an increase of 15 percent from the same period of 2025. That comparison gives investors a clearer signal than the unchanged share price alone: earnings growth has continued even while the stock trades below the current analyst valuation benchmarks.

Analyst targets remain above price

According to Ad Hoc News on September 21, 2026, UBS reiterated a Buy rating and a EUR 14.30 price target. Against the Madrid price of EUR 12.74 on September 22, that target is EUR 1.56 higher, a gap of 12.25 percent based on the quoted values.

A separate analyst update cited by Bolsamania on September 22, 2026, said RBC lifted its target to EUR 13.50 from EUR 12.75 and retained an Overweight recommendation. The same update said Deutsche Bank raised its target from EUR 12.10 to EUR 13.55 while maintaining a Buy recommendation.

Stock remains below analyst targets

The market is therefore pricing Santander below the three cited targets of EUR 13.50, EUR 13.55 and EUR 14.30, while the latest first-half figures show total income of EUR 30.8 billion and attributable profit of EUR 9.0 billion. The key tension is valuation versus execution: the stock price is flat at EUR 12.74 on September 22, 2026, even though ordinary profit was 15 percent higher year over year in the six months ended June 30, 2026.