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Banco Santander passes halfway mark in multibillion-euro share buyback

Story Highlights
  • Banco Santander bought back more shares in mid-April under its ongoing share repurchase programme.
  • The bank has invested €2.71 billion so far, retiring about 16.8% of shares since 2021 and surpassing half the programme limit.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Banco Santander passes halfway mark in multibillion-euro share buyback

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Banco Santander SA ( (SAN) ) has provided an update.

Banco Santander continues to execute its capital management strategy through an ongoing share buyback programme, repurchasing its own ordinary shares on the Madrid stock exchange between 8 and 15 April 2026. Over this period the bank acquired 6,000 shares at weighted average prices slightly above €10.30 per share, as part of a broader plan to return capital to shareholders and optimise its balance sheet.

As of 15 April 2026 the lender has invested about €2.71 billion in this buyback, equivalent to roughly 53.8% of the programme’s maximum authorised amount. Since 2021 the bank has repurchased approximately 16.8% of its shares then in circulation, a sizeable reduction in free float that may support earnings per share and underscores management’s confidence in the group’s financial position and long‑term strategy.

The most recent analyst rating on (SAN) stock is a Hold with a $8.50 price target. To see the full list of analyst forecasts on Banco Santander SA stock, see the SAN Stock Forecast page.

More about Banco Santander SA

Banco Santander, S.A. is a global banking group headquartered in Spain, operating primarily in retail and commercial banking, corporate and investment banking, and wealth management. The bank serves individuals, SMEs and large corporates across Europe and the Americas, with a particular focus on the Iberian, U.K. and Latin American markets.

Average Trading Volume: 15,053,452

Technical Sentiment Signal: Buy

Current Market Cap: $184.5B

Learn more about SAN stock on TipRanks’ Stock Analysis page.

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