Banco Santander (ES:SAN) has released an update.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- 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.
