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
Same pitch as for BBVA:
Both BBVA and Banco de Santander have kept their ground through the terrible Spanish crash. Unless they have toxic stuff under the carpet, they are ready to take off as Spain's, and the world's, economies recover.
"Unless". That's one heck of an unless.
You're absolutely right. But they have passed several stress tests withou problems, although I do not know if this is a guarantee. In any case, living in Spain, I hope I am right. Otherwise, Spain will sink completely.