The one that is by far the second largest listed in the Spanish market, Santander, has achieved a historical milestone recovering the 100,000 million level of capitalization euros, joining some figures that can only boast Inditex so far. He does it 10 years after the last time that he succeeded, which was in 2015 and where his maximum historical of stock size (not for action price) was marked.
Already last week the Cantabrian Bank foolish with overcoming this symbolic figure that finally could not beat. In Thursday’s session this milestone moved away due to the falls that the entire sector drags. It was only a matter of time that he certified his return to the 100,000 million that he reached shortly after the death of Emilio Botín, which could not verify “that the limit was not in that sky.”
Although it is true that Santander was left with a lagging last year of the widespread increases of a sector that flew thanks to the high types, no one expected the behavior of banking in general and Santander in particular during this start of the year. Its titles are already revalued more than 45% in 2025. This has also allowed him to consolidate as the largest entity in the euro zone, ahead of BNP Paribas.
The good moment of the sector indisputably passes through the new inflationist risk that has emerged from the heart of Europe after the continental alliance announced its decision to Increase defense spending before the geopolitical threats and the requirements of the US in this area. In addition, the new German government has removed its golden rule with the budget deficit to launch a stimulus package with direct investments in defense and infrastructure and indirect ones through fiscal sales.
What happens is that Santander then and now show some great differences. At that time, the capitalization was somewhat inflated after the process of capital extensions, dividends in scrip and convertible bond emissions that were needed to close the lack of liquidity that was after the financial crisis.
The proof of this is that his actions, in 2007, They came to quote on the 13 euros zonefolding the current levels. Other banks, on the other hand, are now at levels that had never seen, such as Bankinter and CaixaBank.
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