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Posted by
Two Blokes May 1 -
Filed in
Stock
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Shares of Spain's Banco Santander have been an exceptional performer so far this year, returning over 60%. First quarter earnings marked another record for the bank, and its return on tangible equity remains within management's longstanding 15-17% target range. These shares remain at a slight premium to tangible book value, which is easily justified by Santander's earnings power.
