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Banco Santander ( (ES:SAN) ) just unveiled an update.
Banco Santander announced a capital reduction of EUR 170,890,625 by canceling 341,781,250 of its own shares, which constitutes approximately 2.21% of the bank’s share capital. This move is part of a broader strategy involving several buyback programs initiated since 2021, resulting in a total share capital reduction of EUR 1,094,074,490, thereby repurchasing 12.62% of its outstanding shares to enhance shareholder value and optimize capital structure.
More about Banco Santander
Banco Santander is a leading financial institution operating in the banking industry, primarily offering a range of financial services including retail banking, corporate banking, and asset management. The company is focused on expanding its market presence through strategic investments and capital management.
YTD Price Performance: 14.62%
Average Trading Volume: 7,212,425
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £55.89B
See more data about SAN stock on TipRanks’ Stock Analysis page.
