6-K ·Filed Jul 23, 2026

SAN

Banco Santander, S.A.
NEUTRAL
Impact 2/10
Horizonimmediate Processed2mo ago SEC0000950103-26-011044
Notable filing: 6-K
Actionable Insight • Neutral

This is a routine weekly buyback update with no new material information. Monitor for completion of the remaining ~19.4% of the buyback program, which could provide continued modest support to the stock price.

DirectionNeutral
Confidencehigh
Horizonimmediate
Latest settled — T+20d
SAN ▲ +7.57% at T+20d
NEUTRAL call ✓ call won +7.57% · α vs SPY +4.26% · entry $13.21 → $14.21
Next anchor: T+60d in 14d
Latest observation: T+47 +4.21% FF3 residual α
Entry anchored
Jul 22, 03:59 PM ET
via exchange tick
T+1d
+2.50%
call +2.50% · α +2.40%
$13.54
settled 2mo ago
T+5d
+6.81%
call +6.81% · α +6.34%
$14.11
settled 2mo ago
T+20d
+7.57%
call +7.57% · α +4.26%
$14.21
settled 6w ago
T+60d
—
call — · α —
—
in 14d

Price Chart

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Executive Summary

Banco Santander filed a routine 6-K disclosing weekly buyback transactions. Between July 16-22, 2026, the bank repurchased 13 million shares at a total cost of approximately €154.5 million. Cumulative buyback spend has reached €4.05 billion, or 80.6% of the program's maximum, and the bank has repurchased ~17.5% of its outstanding shares since 2021. This is a routine periodic update with no new material information.

Key Facts

  • Cumulative buyback spend of €4,053,401,441 as of July 22, 2026, representing ~80.6% of the maximum investment amount.
  • 13,000,000 shares repurchased between July 16-22, 2026 at weighted average prices ranging from €11.7786 to €12.1261.
  • The bank has repurchased approximately 17.5% of its outstanding shares as of 2021.
  • Buyback program was originally announced on February 4, 2026.

Financial Impact

Cumulative buyback spend of €4.05 billion, representing 80.6% of the program's maximum. Weekly repurchases of ~€154.5 million.

shares outstandingshare count

Risk Factors

  • Buyback program may be completed sooner than expected, removing a source of demand.
  • No new financial or operational data was provided in this filing.

Market Snapshot

Exchange
OTC
Sector
Commercial Banks, NEC
Analyst Consensus
76% bullish (29 analysts)

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
6-K Filing (Primary)0000950103-26-011044
Document: 0000950103-26-011044-index-headers.html0000950103-26-011044
Document: 0000950103-26-011044-index.html0000950103-26-011044
Document: 0000950103-26-011044.txt0000950103-26-011044
26 reports for SAN
Performance horizon
100% Hit rate 8 of 8 directional calls best @ T+20▲ +8.52%Jul 16, 2026
Filters
Rows
Reports for SAN — sortable, filterable
TypeNow
Sep 14, 2026
18d ago
25-NSE
NEUTRAL ★ 2/10
$14.74 $14.62▼ −0.81%▼ −0.92%$13.36 (−9.36%)
Sep 10, 2026
22d ago
6-K
NEUTRAL ★ 2/10
$14.63 $14.82▲ +1.30%▲ +1.80%$13.36 (−8.68%)
Sep 3, 2026
29d ago
6-K
NEUTRAL ★ 3/10
$15.05 $14.96▼ −0.60%▲ +0.55%$13.36 (−11.23%)
Sep 1, 2026
4w ago
6-K
NEUTRAL ★ 3/10
$14.38 $14.68▲ +2.09%▲ +2.00%$13.36 (−7.09%)
Sep 1, 2026
4w ago
6-K
NEUTRAL ★ 2/10
$14.38 $14.68▲ +2.09%▲ +2.00%$13.36 (−7.09%)
Aug 27, 2026
5w ago
6-K
NEUTRAL ★ 3/10
$14.55 awaiting T+5awaiting T+5—$13.36 (−8.18%)
Aug 21, 2026
6w ago
6-K
NEUTRAL ★ 2/10
$14.59 $14.67▲ +0.55%▲ +0.07%$13.36 (−8.43%)
Aug 20, 2026
6w ago
6-K
MIXED ★ 6/10
$14.21 $14.55▲ +2.39%▲ +1.28%$13.36 (−5.98%)
Aug 18, 2026
6w ago
424B5
NEUTRAL ★ 3/10
$14.24 $14.63▲ +2.74%▲ +2.94%$13.36 (−6.18%)
Aug 13, 2026
7w ago
6-K
NEUTRAL ★ 2/10
$14.78 $14.21▼ −3.86%▼ −1.89%$13.36 (−9.61%)
Showing 10 of 26

US Market Status

Market Closed — Opens Mon (64h 35m)

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