10 Best Jim Cramer Stocks To Buy According to Analysts

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

Average Price Target Upside: 22.90%

Number of Hedge Fund Holders: 9

Cramer likes Banco Santander, S.A. (NYSE:SAN) and has previously recommended it if one wishes to invest in a foreign bank. He remarked, “If you want a foreign bank, please go for Banco Santander, that’s a real good one.”

Banco Santander (NYSE:SAN) offers various financial services on a global scale, including deposits, loans, asset management, and various insurance products. It also plays a significant role in corporate finance, investment banking, and digital payment solutions. In the first half of the year, the company reported a revenue increase of 10%, driven by strong performance across all five of its global business segments.

Costs have remained largely stable over the past four quarters, contributing to an impressive 19% growth in earnings per share. Executive Chair Ana Botín highlighted that this performance shows the effectiveness of the company’s scale, diversification, and the successful execution of its transformation efforts, which together support sustainable and profitable growth.

During the second quarter, Banco Santander (NYSE:SAN) reported record revenue of €31.050 billion, representing a 10% increase year-over-year, while earnings per share rose by 19%. The strong momentum experienced in the business led to an upgrade in the company’s targets for 2024, now forecasting high-single-digit revenue growth, an improved efficiency ratio of approximately 42%, and a return on tangible equity (RoTE) exceeding 16%. Despite these adjustments, the company has maintained its targets for a cost of risk of around 1.2% and a fully loaded Common Equity Tier 1 (CET1) ratio above 12% following the implementation of Basel III regulations.