Banco Santander, S.A. (NYSE:SAN) was among the stocks on Jim Cramer’s radar on Mad Money, as he advised investors to care about where a stock is going, not where it has been. Cramer highlighted the company’s plan to acquire Webster Financial, as he commented:
The only thing we’re missing are bank mergers. Now, I got to tell you, I think it’s time we had a few of them. We have way too many banks in this country. If a bank has tremendous AI technology, it should be rolling up its smaller rivals right now, you know? But the only one that seems to get this is Banco Santander, run by the superb Ana Botín. She’s buying Webster Financial in… Connecticut. It’s a brilliant acquisition, taking advantage of the loosened regulatory constraints. Others should do so too.
Photo by Adam Nowakowski on Unsplash
Banco Santander, S.A. (NYSE:SAN) provides banking, financing, investment, and insurance services to individuals, businesses, and public institutions. The company offers lending, wealth management, payments, and digital banking. A caller inquired about the stock during the June 3 episode, and Cramer responded:
That was Ana Botín. I think the world of her. I know that the stock has had a big run. I think it’s paused here as it catches its breath. I don’t want people to sell it, and if it came back to $10, I’d tell people to buy it.
While we acknowledge the risk and potential of SAN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SAN and that has 10,000% upside potential, check out our report about this cheapest AI stock.
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