Banco Santander earnings calendar and analyst views, shares under global scrutiny

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-26, 07:00.

Banco Santander S.A. (ES0113900019) enters the upcoming reporting window with a full earnings calendar and solid coverage from major brokers. The group is listed on the Madrid stock exchange and is widely followed alongside European peers such as HSBC and BNP Paribas.

What analysts say on Banco Santander

Sell-side interest in Banco Santander remains high, with dozens of active recommendations tracked across major platforms. On MarketScreener, more than 20 analysts currently publish ratings and price targets for the bank, with a majority of opinions clustering in the Buy and Hold area rather than at the bearish end of the spectrum.

The consensus compiled by MarketScreener points to an average 12-month price target that stands materially above the latest Madrid closing price, indicating that analysts as a group still see upside potential in the shares despite the recent sector volatility. At the same time, dispersion between the highest and lowest targets underlines that views on the speed and strength of the earnings trajectory differ noticeably from house to house.

Earnings rhythm and focus areas for the next quarters

Banco Santander follows a regular quarterly reporting pattern, with detailed updates on net interest income, fee income, costs and provisions, and capital ratios. The investor relations calendar on the group website lists the publication dates for upcoming results presentations and associated conference calls, including the next half-year and nine-month statements, which typically fall in late July and late October respectively.

Recent presentations available on the Santander investor relations page highlight management's focus on improving the cost-to-income ratio, maintaining a robust CET1 capital buffer, and delivering double-digit underlying return on tangible equity in the medium term. Investors also monitor the balance between cash dividends and share buybacks, which management frames within a targeted payout ratio aligned with regulatory requirements and internal capital planning.

How Banco Santander makes its money

Banco Santander generates most of its income from retail and commercial banking activities, with significant franchises in Spain, the United Kingdom and Latin America. In addition, the group operates a sizeable consumer finance arm and offers payments, wealth management and corporate and investment banking services to a broad customer base.

Where the stock trades today

Banco Santander shares trade on the Madrid stock exchange under the ticker SAN, with additional listings in other European markets, while the primary liquidity and reference price for the group remain concentrated in Spain.

This article was produced with AI assistance and editorially reviewed. Price and company figures without guarantee; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Stock-market transactions carry risks up to and including total loss.