Banco Santander – A Large Bank Doesn’t Mean A Good One

Final Thought

I understand why income-seeking investors could be interested in SAN. A large bank present in so many countries could have some appeal. Bring a high yield opportunity and you get investors running after this “dividend gem”.

What I see when I look at SAN is a bank taking a bet in undeveloped countries. While this could be a winning strategy, I prefer Canadian banks. In general, they enjoy a more stable business model (due to their oligopoly situation in Canada) while expanding their business in other countries. Plus, they are great dividend growers! What do you think?

 

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Disclosure: We do not hold SAN in our DividendStocksRock portfolios.

Additional disclosure: The opinions and the strategies of the author are not intended to ever be a recommendation to buy or ...

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