Santander Hits €100 Billion Valuation on Historic EU Bank Rally
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Banco Santander SA has become the first bank currently in the European Union in almost a decade to be valued at more than €100 billion ($108 billion) as investors increasingly pile into the sector.
The Spanish lender’s shares rose 1.8% to €6.62 on Tuesday, pushing its market capitalization to €100.3 billion. The last time a bank currently in the European Union closed a trading day at that level was in 2015 — when Santander previously was at that mark.