5 Most Promising Low-Cost Stocks According to Analysts

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

Upside Potential as of December 20: 30.37%

Number of Hedge Fund Holders: 14

Madrid, Spain-based Banco Santander, S.A. (NYSE:SAN) is a leading commercial bank, founded in 1857. It serves more than 166 million customers in the U.S., Europe, and Latin America.

On October 25, Banco Santander, S.A. (NYSE:SAN) released its financial and operational results for Q3 2023. Its total income increased by 5% y-o-y to €14.9 billion, while net income increased by 9% y-o-y to €2.9 billion.

On December 20, Banco Santander, S.A. (NYSE:SAN) announced that it has closed a transaction with the Federal Deposit Insurance Corporation to participate in a joint venture that consists of a $9 billion portfolio of New York based multifamily real estate assets of Signature Bank. It acquired a 20% stake in the joint venture for $1.1 billion and will service 100% of the assets in the portfolio.

As of Q3 2023, 14 prominent hedge funds tracked by Insider Monkey held shares of Banco Santander, S.A. (NYSE:SAN), valued at $580 million.

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