10 Best Stocks for 2014: Banco Santander (SAN)
Investor: Bryan Perry
Our next entry for the 10 Best Stocks for 2014 contest is another high-yield play, as Banco Santander (SAN) currently pays out more than 9% in dividends. But the big-time yield is jump the tip of the iceberg for SAN stock, if you ask Bryan Perry.
Perry believes in the financial sector, but prefers SAN stock to domestic banks because of the recent passage of the Volcker Rule. Banco Santander isn’t just the largest bank in the eurozone, but could easily race out to the front of the 10 Best Stocks for 2014 pack thanks to its sensible risk management, the monetization of write-offs and heavy intervention from the European Central Bank … to name a few.
An interesting tidbit: SAN stock isn’t new to our Best Stocks contest. In 2012, Jim Jubak picked Banco Santander for the contest … and rode the market-beating gains of SAN stock straight to a third-place finish.
Considering Perry expects a solid 40% return for his 10 Best Stocks for 2014 entry over the next 12 months, though, another market-beating, medal-earning year just might be in the cards.