SAN
Banco Santander S.A. Financial Services - Banking Investor Relations →
Banco Santander S.A. (SAN) closed at $12.71 as of 2026-02-02, trading 152.7% above its 200-week moving average of $5.03. The stock is currently moving closer to the line, down from 156.0% last week. With a 14-week RSI of 81, SAN is in overbought territory.
Over the past 1962 weeks of data, SAN has crossed below its 200-week moving average 30 times. On average, these episodes lasted 28 weeks. The average one-year return after crossing below was -2.6%, suggesting these dips have not historically been reliable buying opportunities for this stock.
With a market cap of $188.3 billion, SAN is a large-cap stock. Return on equity stands at 14.3%. The stock trades at 1.6x book value.
The company has been aggressively buying back shares, reducing its share count by 11.3% over the past three years.
Over the past 33.2 years, a hypothetical investment of $100 in SAN would have grown to $2296, compared to $2849 for the S&P 500. SAN has returned 9.9% annualized vs 10.6% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: SAN vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After SAN Crosses Below the Line?
Across 23 historical episodes, buying SAN when it crossed below its 200-week moving average produced an average return of +3.8% after 12 months (median +1.0%), compared to +8.5% for the S&P 500 over the same periods. 50% of those episodes were profitable after one year. After 24 months, the average return was +7.2% vs +22.8% for the index.
Each line shows $100 invested at the moment SAN crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
SAN has crossed below its 200-week MA 30 times with an average 1-year return of +-2.6% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| May 1989 | Jul 1989 | 11 | 8.5% | -4.9% | +1882.7% |
| Aug 1989 | Sep 1989 | 6 | 2.3% | -6.3% | +1854.2% |
| Oct 1989 | Dec 1989 | 10 | 4.1% | -9.8% | +1822.0% |
| Jan 1990 | Jul 1990 | 26 | 31.8% | -11.0% | +1849.4% |
| Jul 1990 | Nov 1990 | 15 | 23.9% | -0.7% | +1905.9% |
| Nov 1990 | Dec 1990 | 1 | 4.4% | -10.1% | +1968.7% |
| Dec 1990 | Jan 1991 | 6 | 9.7% | -13.5% | +1991.0% |
| Jun 1991 | May 1992 | 46 | 18.9% | +4.4% | +2025.5% |
| Jun 1992 | Jun 1992 | 1 | 2.4% | +6.7% | +1935.5% |
| Jul 1992 | Apr 1993 | 40 | 26.2% | +3.3% | +2065.6% |
| Jul 1993 | Jul 1993 | 1 | 0.3% | +8.5% | +1995.5% |
| May 1994 | Jul 1994 | 6 | 10.3% | +13.4% | +2016.8% |
| Jan 1995 | Jan 1995 | 3 | 2.0% | +43.2% | +1892.6% |
| Feb 1995 | Apr 1995 | 6 | 9.6% | +44.1% | +1904.1% |
| Nov 2000 | Dec 2000 | 2 | 2.0% | -0.8% | +440.7% |
| Mar 2001 | Apr 2001 | 6 | 8.9% | -4.4% | +420.8% |
| May 2001 | Jun 2003 | 105 | 43.9% | +0.7% | +408.2% |
| Oct 2008 | Jul 2009 | 41 | 62.3% | +39.3% | +173.8% |
| Feb 2010 | Mar 2010 | 4 | 6.6% | +1.4% | +142.6% |
| Mar 2010 | Mar 2010 | 2 | 1.8% | -8.1% | +128.1% |
| Apr 2010 | Oct 2010 | 25 | 33.5% | -5.3% | +130.2% |
| Oct 2010 | Jan 2013 | 115 | 43.2% | -23.7% | +129.7% |
| Jan 2013 | Sep 2013 | 32 | 19.9% | +16.2% | +175.7% |
| Jan 2015 | Jan 2015 | 1 | 2.5% | -33.5% | +180.1% |
| Jan 2015 | Feb 2015 | 1 | 2.6% | -34.8% | +181.0% |
| Mar 2015 | Mar 2015 | 1 | 1.2% | -23.2% | +177.7% |
| Aug 2015 | Apr 2017 | 89 | 41.3% | -31.7% | +176.5% |
| May 2018 | May 2021 | 156 | 60.2% | -18.1% | +190.7% |
| Jun 2021 | Jan 2022 | 33 | 20.6% | -25.9% | +277.2% |
| Feb 2022 | Jan 2023 | 45 | 31.6% | +8.0% | +313.8% |
| Average | 28 | — | +-2.6% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02