Banco Santander (ES:SAN) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Banco Santander has successfully completed a buy-back program, reducing its share capital by 2.21% through the acquisition and cancellation of 341,781,250 shares, amounting to a significant EUR 1,525 million investment. This strategic move aims to enhance shareholder value by increasing earnings per share. The cumulative effect of several buy-back programs since 2021 has led to a total reduction of 12.62% in the bank’s outstanding shares.
For further insights into ES:SAN stock, check out TipRanks’ Stock Analysis page.
Trending Articles
- Can MicroStrategy Stock Reach Around $1,000? Here’s What This Investor Expects
- Bank of America Chimes in on Intel Stock, Warning of a Bumpy Road Ahead
- ‘Don’t Jump on the Bandwagon,’ Says J.P. Morgan About Super Micro Computer Stock
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
