Street Highjack By Active Movers: Banco Santander (NYSE:SAN), Wells Fargo (NYSE:WFC)

Banco Santander, S.A. (NYSE:SAN) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 2.04% to close at $5.51 with the total traded volume of 3.96 Million shares. Banco Santander (SAN) reported that its attributable profit to the group of 6.20 billion euros for 2016, compared to 5.97 billion euros, previous year. Earnings per share was 0.41 euros compared to 0.40 euros.

The Group said its attributable profit surged 4% compared to 2015, with strong growth in fee income and improvements in credit quality, partially offset by the weakening of certain currencies against the Euro and an increase in tax in both Poland and U.K. Excluding one off items and currency movements, underlying profit before tax surged by 12%.

Underlying earnings per share was 0.43 euros compared to 0.44 euros. For fiscal 2016, net interest income reduced 3.4% to 31.09 billion euros from 32.19 billion euros. Net fee income was 10.18 billion euros compared to 10.03 billion euros. Net operating income was 22.77 billion euros compared to 23.70 billion euros. The firm has institutional ownership of 0.70%, while insider ownership included 21.00%. Its price to sales ratio ended at 1.74. SAN attains analyst recommendation of 4.00 with week’s performance of 3.18%.

Wells Fargo & Company (NYSE:WFC) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 0.83% to $54.70. Wells Fargo & Co (WFC) hired Jafar Amin as new regional president for the Asia Pacific Region.Amin will be succeeding Jim Johnston who served as interim regional president, the company said in a statement.

Amin was also appointed head of the bank’s Global Financial Institutions (GFI) which manages the company’s relations with regional financial institutions after former GFI head Jim Ho was named head of the company’s Greater China Business Development and Advisory team. The share price of WFC attracts active investors, as stock price of week volatility recorded 1.53%. The stock is going forward to its 52-week low with 26.65% and lagging behind from its 52-week high price with -5.72%.


About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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