No. 3: Banco Santander
Q4 Return: 10%
Total Return: 26%
Investor: Jim Jubak
Banking on Spain coming into 2012 seemed a bit risky, considering all the drama that’s been unfolding in the eurozone, but Jim Jubak’s Banco Santander (NYSE:SAN) has been hot down the homestretch.
SAN was the third-best performer for Q3 and the best for Q4, climbing double-digits in the last three months alone. And while the stock’s 6% year-to-date climb lagged behind the broader market, toss in the 10% dividend yield and its 26% total return is good enough for the third-place spot in this contest.
Not too shabby for a European bank. Looks like Jubak was right when he said Banco Santander had been a victim to overselling in the midst of the eurozone crisis.