Banco Santander (SAN) is not the rock-solid financial company it used to be but it’s still doing fine. It services huge swaths of the global Hispanic community, including in Brazil, Spain, Mexico, Portugal, Chile and Argentina, along with the U.S., U.K., Germany and Poland.
It is a gigantic bank with the complete range of services like you’d find here in the U.S., engaging in consumer banking, business and investment banking, pension plans, and so on.
With more than 14,000 branches, it has a wide reach and a trusted brand name.
Santander proudly refused any capitalization assistance during the global financial crisis, which says a lot about management.
So does SAN’s 7.5% yield.
As of this writing, Lawrence Meyers did not hold a position in any of the aforementioned securities. He is president of PDL Broker, Inc., which brokers financing, strategic investments and distressed asset purchases between private equity firms and businesses. He also has written two books and blogs about public policy, journalistic integrity, popular culture, and world affairs. Contact him at email@example.com and follow his tweets @ichabodscranium.