Jim Cramer on Banco Santander: “It is My Favorite Bank in Europe”

Banco Santander, S.A. (NYSE:SAN) is one of the stocks Jim Cramer offered insights on. A club member asked if it makes sense to continue buying SAN shares, and he stated:

“Okay, Banco Santander is the largest bank in Europe. This is run by Ana Botín. It’s a sensational bank… But I will say this, at $10, you should wait till it goes back to 9. I’m not kidding. I’ve watched the stock climb and climb and climb. It had a little bit of a spike. I don’t like that. Under 9 would be a terrific level. Still got a good yield. And there you go, try to get it here. It could happen. All right. It’s a fantastic bank, but it does sometimes trade a little strange. It’s… one, it is my favorite bank in Europe.”

A laptop and a computer monitor display a detailed stock market technical analysis chart. Photo by Jakub Zerdzicki on Pexels

Banco Santander, S.A. (NYSE:SAN) provides financial services including retail and commercial banking, consumer finance, corporate and investment banking, wealth management, insurance, and digital payments. The firm’s activities also extend to asset management, leasing, real estate, technology services, and various financial advisory solutions.

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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Disclosure: None. This article is originally published at Insider Monkey.