Banco Santander stock: UBS keeps EUR 14.00 target for Banco Santander stock

Published on 10/19/2026 at 16:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due October 28, 2026. Banco Santander stock costs EUR 11.74 on October 19, 2026, 19.25 percent below UBS target.

Targets and earnings dates

UBS retained its Buy rating and EUR 14.00 target on October 16, 2026.
Banco Santander scheduled its 9M 2026 results for October 28, 2026.
Banco Santander stock costs EUR 11.74 at Lang & Schwarz on October 19, 2026 at 4:05 p.m. CEST, 19.25 percent below the UBS target.
Underlying profit reached EUR 7.3 billion in the first half of 2026.

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UBS retained its Buy rating and set a EUR 14.00 price target for Banco Santander on October 16, 2026. The target is 19.25 percent above the EUR 11.74 price at Lang & Schwarz on October 19, 2026 at 4:05 p.m. CEST.

Profit provides the operating anchor

Banco Santander's latest reported operating figures come from the first half of 2026. According to the Santander investor-relations page, underlying profit reached EUR 7.3 billion and underlying return on tangible equity was 15.60 percent for that period.

The same first-half update listed a 14.00 percent common equity tier 1 ratio and a 42.80 percent efficiency ratio as of June 2026. Underlying earnings per share increased 20.00 percent year over year, while tangible net asset value plus cash dividend per share increased 19.00 percent.

Price stays within the yearly range

The euro price sits between a 52-week low of EUR 8.31 and a high of EUR 13.12 as of October 19, 2026. That leaves the stock EUR 1.38 below its yearly high and EUR 3.43 above its yearly low. The price therefore provides a broader range for assessing UBS's EUR 14.00 target.

Banco Santander's latest Madrid quotation was EUR 11.76 at 1:59 p.m. UTC on October 19, 2026, while the Lang & Schwarz quote was EUR 11.74 at 4:05 p.m. CEST. The Madrid quotation carried a market capitalization of EUR 171.0 billion, a price-to-earnings ratio of 10.80 and a trailing dividend yield of 2.00 percent.

October 28 brings the next report

The next scheduled company date is October 28, 2026, when Banco Santander plans to present its nine-month 2026 financial results. The investor-relations calendar also lists October 28 as the last day to trade shares with a right to receive the interim cash dividend, followed by payment on November 2, 2026.

Comparison with peers

Banco Santander (Madrid Stock Exchange, EUR): P/E 10.80, market capitalization EUR 171.0 billion.
Banco Bilbao Vizcaya Argentaria (Madrid Stock Exchange, EUR): minus 2.42 percent, P/E 11.72, market capitalization EUR 124.4 billion.
CaixaBank (Madrid Stock Exchange, EUR): minus 1.80 percent, P/E 13.32, market capitalization EUR 81.5 billion.

Market position in euros

Banco Santander's valuation sits below the reported P/E ratios of both named Spanish banking peers. The more immediate company-specific reference is the October 28 reporting date, followed by the interim dividend payment on November 2.

Banco Santander was trading at EUR 11.74 at Lang & Schwarz on October 19, 2026 at 4:05 p.m. CEST. Its 52-week range was EUR 8.31 to EUR 13.12 on October 19, 2026.

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