Canadians need to rethink their bank-heavy portfolio strategy [Toronto Globe and Mail (Ontario, Canada)]
Banco Santander, S.A. Sponsored ADR (Spain) (SAN)
US:NYSE Investor Relations:
santander.com/csgs/satellite/cfwcsancomqp01/en_gb/corporate/shareholders-and-investors.html
Company Research
Source: Toronto Globe and Mail
Canadians need to rethink their bank-heavy portfolio strategy Canadians love their bank stocks. Maybe too much. Over the past few decades, the country’s biggest lenders have rewarded their shareholders with generous dividends on top of big capital gains. After so many years of sterling performance by bank stocks, multitudes of Canadian investors are now heavily invested in shares of the Big Five, confident that further gains by the financial giants will help finance their retirements. It may be time to rethink that bank-heavy strategy. Canadian banks aren’t going to go bust, but their future is nearly certainly going to be less bright than their past. Among the headwinds facing Canadian lenders is the near-record level of debt among Canadian households. That crimps possibilities for further bank lending, especially if the pandemic proves to have a long-lasting effect on economic growth. In areas such as wealth management, Canadian banks confront growing competition from fintech rivals
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News
- Europe's Buoyant Bank Stocks Face a Test of Market-Leading Rally [BNN Bloomberg (Canada)]BNN Bloomberg
- BSAC or TD: Which Is the Better Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- ROSEN, A TOP RANKED LAW FIRM, Encourages Banco Santander, S.A. Investors to Inquire About Securities Class Action Investigation – SANGlobeNewswire
- Levi & Korsinsky Reminds Banco Santander Investors of the Ongoing Investigation into Potential Violations of Securities Laws – SANAccesswire
- ROSEN, LEADING INVESTOR COUNSEL, Encourages Banco Santander, S.A. Investors to Inquire About Securities Class Action Investigation – SANGlobeNewswire
SAN
Earnings
- 2/1/24 - Miss
SAN
Sec Filings
- 4/18/24 - Form 6-K
- 4/11/24 - Form 6-K
- 4/5/24 - Form SBSE-A/A
- SAN's page on the SEC website