Jim Cramer Says He Likes Banco Santander Very Much

Banco Santander, S.A. (NYSE:SAN) is one of the stocks Jim Cramer commented on. Cramer made some positive comments on the company, as he said:

“Even on a bad day like this, it’s worth keeping an eye on the banks as they become some of the hottest stocks in this market. And that includes the big international players like Banco Santander, which you know, I like very much. It’s doubled since we saw the CEO last. They have been on the cutting edge, focused on AI and the future of banking.”

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

Banco Santander, S.A. (NYSE:SAN) provides banking, financing, investment, and insurance services to individuals, businesses, and public institutions. The company offers lending, wealth management, payments, and digital banking. During the September 19 episode, Cramer called it his “favorite bank in Europe,” as he commented:

“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.”

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