Billionaire Ray Dalio is Shorting These 5 European Stocks

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

Banco Santander, S.A. (NYSE:SAN) is a Spanish diversified financial services firm and is the 16th biggest banking company globally.

Like all the notable banks in the US, Banco Santander, S.A. (NYSE:SAN) also increased its prime lending rate by 75 basis points to 4.75% to match the lending rate of the Federal Reserve. European banks have been unable to perform like their counterparts across the Atlantic as the financial sector has observed a modest growth in this region compared to the fast growth in the US financial sector. Banco Santander, S.A. (NYSE:SAN) also has operations in North and South America. Such diversification has made it challenging for Banco Santander, S.A. (NYSE:SAN) to outperform its peers that are focused on a single geographic region.