5 Best European Bank Stocks to Buy Now

2. Banco Santander, S.A. (NYSE: SAN)

Number of Hedge Fund Holders: 17

Banco Santander, S.A. (NYSE: SAN) is a Spanish financial services company. As of the end of 2020, Banco Santander, S.A. (NYSE: SAN) is the fourth largest European bank by total assets. It is ranked second on our list of 10 best European bank stocks to buy now. The stock has returned over 76.41% to investors over the course of the past year.

On July 28, Banco Santander, S.A. (NYSE: SAN) posted earnings for the second quarter of 2021, reporting earnings per share of ($0.13), breaking even with the estimates. The revenue over the period was around EUR 12 billion ($14.47), up 6.58% year-over-year.

At the end of the second quarter of 2021, 17 hedge funds in the database of Insider Monkey held stakes worth $566 million in Banco Santander, S.A. (NYSE: SAN), up from 15 the preceding quarter worth $491 million.

On August 9, RBC Capital boosted its price target on Banco Santander, S.A. (NYSE: SAN) to EUR 3.40 from EUR 3.30 while reiterating an Outperform rating.