Jim Cramer on Banco Santander: “I Think It’s Paused Here as It Catches Its Breath”

Banco Santander, S.A. (NYSE:SAN) was among the stocks on which Jim Cramer gave his opinion, as he warned that increased AI-related spending might cause near-term headwind for stocks. Answering a caller’s question about the stock, Cramer said:

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.

Photo by Anna Nekrashevich on Pexels

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. During the May 5 episode, a caller inquired whether Cramer was still bullish on the stock and his thoughts on the Webster Bank acquisition. The Mad Money host replied:

Not only do I like the acquisition, but I thought it was so good that I actually wrote the chairman Ana Botín, saying that is some franchise because I owned it when I was a hedge fund manager 20 years ago. Buy Banco Santander.

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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