Banco Santander Share Discussion Threads

[action] 03/10/2022 09:10

Divi 5.83 euro exd 31st oct22

[action] 13/9/2022 18:18

At best is trading share. MM darling is Natwest.

[flyfisher] 12/9/2022 16:03

Firm share price since the european base rate hike.

And this extract from a recent article.

----- Today’s most important ECB announcement was not the 75 bps hike.

Instead, it was the sneaky wink to European excess liquidity and the banking sector.

In 2020-2021, European banks borrowed more than EUR 2 trillion from the ECB via the so-called TLTRO operations.
The borrowing conditions were extremely advantageous with interest rates as low as -1% for the Jun20-Jun22 period and after that equivalent to the average ECB deposit rate throughout the lifetime of the TLTRO operation.

Please notice: that’s the average between -50 bps (ECB depo until Jun22) and the new prevailing ECB depo from now onwards.

Now, there are roughly 2 more years to go before these TLTRO loans mature but banks could in principle opt to repay early - hence reducing the ECB balance sheet.

Today, the ECB gave a nice incentive to banks NOT to repay these loans though:

The funding costs are low: they were locked for Jun20-Jun22 at -1% for basically all banks, and going forward they will be equivalent to the average ECB depo rate between Jun22 and the maturity of the TLTRO loan.
Looking at market-implied forwards, that means roughly 25/50 bps borrowing costs ahead.

But on the investment side, banks will be making good money: if they merely park the excess reserves they borrow back at the ECB, according to the same market-implied forwards they will be making on average 125/150 bps!

With such an incentive schemes, it’s very likely European banks won’t be repaying these loans.

[action] 08/9/2022 20:35

Will catch up not you comparing it

[action] 08/9/2022 20:34

That is HL says as well. LOL.

[my retirement fund] 08/9/2022 16:29

Bo Ireleand up 7.5% Santander up 0.7%. Jeez !!!

[action] 08/9/2022 15:37

Broken 210p.

[action] 08/9/2022 13:50

High of the day and above 210p

[action] 05/9/2022 20:11

190p to 210p range. Anyone?

[action] 01/9/2022 10:30

R we going to new lower trading range ie 190p to 220p

[action] 26/8/2022 11:54

Lloyds natwest barclays all up.This one is still trying to find bottom

[action] 22/8/2022 10:32

I recon 201p is on card

[gateside] 19/8/2022 16:23

Added BNC to my watchlist - beginning to look very cheap.

[action] 19/8/2022 15:34

We may see the year low again b4 it starts its journey upward.

[action] 19/8/2022 15:32

Look at Natwest. Flying away . MM darling.

[my retirement fund] 19/8/2022 15:30

jeez this manages to disappoint at every turn

[action] 19/8/2022 15:23

Banks margin will improve in 3rd qtr. Cnbc contributor for american banks.It may improve for all banks generally..

[action] 19/8/2022 13:17

It may reach 230p around next divi in October November.

[action] 19/8/2022 12:38

Int rates are going up every where. This one is still struggling to get over 230p.

[action] 19/8/2022 10:14

Going down. False dawn of 225p

[action] 18/8/2022 16:07

Last year divi per on 5th nov 21. Higher than May divi.

[my retirement fund] 18/8/2022 14:29

do we know what the next dividend may be ?