Banco Santander SA is currently the largest bank in the continent of Europe due to its market value that will excite the UBS Group AG.
This year, Spanish lenders are pushing their stocks to a market capitalization of 91 billion euros ($100 billion). Meanwhile, UBS stocks have fallen as banks face dramatic possibilitiesHigher Capital RequirementsIn Switzerland, its valuation has been reduced to 86 billion euros.
UK HSBC PLC remains the largest bank in Europe with a market value of £139 billion ($184 billion).
Santander’s stock has been a hit in recent weeks, but this year it has seen a 30% rise in stocks, riding a wave of investor optimism about the health of the European Bank and the potential for greater public spending in the region. In February, the bank announced Record profit And they plan to buy back 10 billion euros of shares over the next few years.
Banks have remained as Europe’s best sector since the beginning of the year. The Stoxx 600 Banks Index rose 15%, but the wider benchmark is flat. Continental lenders began their revenue season next week, with investors focusing on economic hits from the US trade war.
This story was originally featured on Fortune.com.
