Banco Santander Central Hispano SA (ADR) (NYSE:SAN)
CAPS Rating:
A financial group operating principally in Spain, the United Kingdom, other European countries and Latin America, offering a range of financial products.
A financial group operating principally in Spain, the United Kingdom, other European countries and Latin America, offering a range of financial products.
Recs
The rumor is that less than one third of its loan exposure is in Eurozone trouble spots. The dividend is currently higher than its earnings but they expect to grow. My big fear here is that their loan portfolio is mostly fixed rate and any inflation will deteriorate profits.