6-K ·Filed Jun 25, 2026

SAN

Banco Santander, S.A.
NEUTRAL
Impact 3/10
Horizonimmediate Processed3mo ago SEC0000950103-26-009472
Notable filing: 6-K
Actionable Insight • Neutral

The buyback continues on schedule with no acceleration or pause. Monitor for the next weekly update to track remaining capacity (~€1.5 billion). No immediate catalyst for the stock; the program is already priced in.

DirectionNeutral
Confidencehigh
Horizonimmediate
Final — all horizons settled through T+60d
SAN ▲ +6.95% at T+60d
NEUTRAL call ✓ call won +6.95% · α vs SPY +3.10% · entry $13.38 → $14.31
Entry anchored
Jun 24, 03:59 PM ET
via exchange tick
T+1d
+0.07%
call +0.07% · α +0.80%
$13.39
settled 3mo ago
T+5d
+3.21%
call +3.21% · α +1.65%
$13.81
settled 3mo ago
T+20d
-1.27%
call -1.27% · α -1.80%
$13.21
settled 2mo ago
T+60d
+6.95%
call +6.95% · α +3.10%
$14.31
settled 11d ago

Price Chart

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Executive Summary

Banco Santander reported weekly buyback transactions under its existing share repurchase program, disclosing the purchase of 13,007,737 shares between June 18-24, 2026, at weighted average prices of €11.88-€11.96. Cumulative spend reached €3.53 billion, representing 70.2% of the program's maximum investment amount, with ~17.3% of outstanding shares (as of 2021) repurchased to date. This is a routine progress update with no change to the program's terms or scope.

Key Facts

  • Cumulative buyback spend as of June 24, 2026: €3,531,794,091 (70.2% of maximum investment amount).
  • Approximately 17.3% of outstanding shares (as of 2021) have been repurchased under the program.
  • Weekly purchases (June 18-24): 13,007,737 shares at weighted average prices between €11.8792 and €11.9552.
  • Buyback program originally announced on February 4, 2026.

Financial Impact

No new financial data; cumulative buyback spend of €3.53 billion disclosed, representing 70.2% of the program cap.

share countcapital return

Risk Factors

  • No material risks identified; routine buyback disclosure.

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)0000950103-26-009472
Document: 0000950103-26-009472-index-headers.html0000950103-26-009472
Document: 0000950103-26-009472-index.html0000950103-26-009472
Document: 0000950103-26-009472.txt0000950103-26-009472
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 36m)

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