Why did Banco Santander move?
Written after the close on
Santander rose very sharply as earnings optimism built. Over the last five trading days Santander fell slightly, moving against a slightly higher S&P 500 but in line with a clearly weaker financials sector. The likely driver of the latest session's jump was positioning ahead of its late-October earnings report, with sentiment helped by a well-known commentator's long-standing positive view of the bank. Watch the late-October results for confirmation of the trend.
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History in plain words, not investment advice.