Banco Santander stock: UBS keeps Buy rating at EUR 14.00 target

Published on 10/20/2026 at 16:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results arrive October 28, 2026. Banco Santander stock costs EUR 11.71 on October 20, 2026, minus 0.43 percent versus the Xetra close.

UBS target and reporting date

UBS maintained its Buy rating and EUR 14.00 target for Banco Santander on October 16, 2026.
Underlying profit reached EUR 7.30 billion in the first half of 2026, with underlying RoTE at 15.60 percent.
Banco Santander stock costs EUR 11.71 at Lang & Schwarz on October 20, 2026 at 4:05 p.m. CEST, minus 0.43 percent versus the Xetra close of October 19, 2026, and 10.75 percent below the 52-week high.
The bank is scheduled to present nine-month 2026 results on October 28, 2026.

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UBS maintained its Buy rating on Banco Santander and set a EUR 14.00 price target in a report dated October 16, 2026, according to Markets Insider. The target is 19.56 percent above the EUR 11.71 price at Lang & Schwarz on October 20, 2026 at 4:05 p.m. CEST, or 0.43 percent below the Xetra close of October 19, 2026.

Profit gives the target context

Santander reported underlying profit of EUR 7.30 billion for the first half of 2026, up 15.00 percent year over year. Underlying return on tangible equity was 15.60 percent, while the common equity tier 1 ratio stood at 14.00 percent in June 2026, according to the bank's investor information.

The first-half figures give the UBS target a current earnings backdrop without changing its Buy rating. The next reported period will be the nine months of 2026, which should add a fresh test of profitability and capital strength.

Price position stays below the high

The EUR 11.71 Lang & Schwarz price stood EUR 1.41 below the 52-week high of EUR 13.12 and EUR 3.40 above the 52-week low of EUR 8.31, with both levels dated October 20, 2026. Santander's year-to-date performance was 16.90 percent as of October 19, 2026, while trading volume that day reached 20,529,060 shares.

Valuation and dates

Banco Santander carried a price-to-earnings ratio of 10.73 and a market capitalization of EUR 170.5 billion on October 20, 2026. The official investor calendar lists October 28, 2026 for the nine-month 2026 financial results and the last day to trade shares with a right to receive the interim cash dividend, with payment scheduled for November 2, 2026.

What do the October dates mean?

The October 28 results date is the next measurable company event, while the November 2 payment date gives the interim distribution a concrete timetable. Santander reported the first-half profit, return on tangible equity and capital ratio on its investor page.

Comparison with peers

Banco Santander: minus 0.43 percent versus the Xetra close, price-to-earnings ratio 10.73, market capitalization EUR 170.5 billion.

Banco Bilbao Vizcaya Argentaria (BME, EUR): minus 0.44 percent, price-to-earnings ratio 11.72, market capitalization EUR 124.5 billion on October 20, 2026.

CaixaBank (BME, EUR): minus 1.11 percent, price-to-earnings ratio 13.20, market capitalization EUR 80.8 billion on October 20, 2026.

Stock remains below its yearly high

At EUR 11.71, Banco Santander stock was trading at Lang & Schwarz on October 20, 2026 at 4:05 p.m. CEST, minus 0.43 percent versus the Xetra close of October 19, 2026 at EUR 11.76. The quote was 10.75 percent below the 52-week high of EUR 13.12.

The further course of trading is shown by the continuously updated real-time quote of Banco Santander stock.