SHARE ACTIVITY

SANTANDER’S SHARE PRICE ENDED THE THIRD QUARTER OF 2020 AT EUR 1.600 PER SHARE

KEY SHARE PRICE DATA IN THE YEAR

START

31/12/2019

EUR 3.730

MAXIMUM

17/02/2020

EUR 3.964

MINIMUM

24/09/2020

EUR 1.502

CLOSE

30/09/2020

EUR 1.600

Key factors shaping share price performance

The Santander share is listed in five markets, in Spain, Mexico and Poland as an ordinary share, in the US as an ADR and in the UK as a CDI.

The measures adopted by governments to contain the health crisis resulting from the fast spread of COVID-19 had a very severe effect on economic activity. The rapid adoption of monetary policy measures by central banks, together with the fiscal stimulus support packages that governments put in place, succeeded to counter the economic slowdown and increase confidence.

The processes of relaxation of confinement measures, which have been taking place in recent months in various countries, enabled the recovery of confidence and economic activity, which, however, slower than expected. This, together with new outbreaks and the consequent fear of new confinement measures, has increased uncertainty in the stock markets.

Since the beginning of the year, the main markets performed better than the banking sector, the latter being influenced by the ECB's recommendation to not distribute dividends, as well as by the limitations of both the Bank of England and the Fed on dividend distribution and share buyback programmes, together with very low interest rates. In Spain, the Ibex 35 was down 29.7% and, in Europe, the DJ Stoxx 50 was down 14.7%. DJ Banks was down 42.3% and MSCI World Banks was down 33.4%. Santander share price fell 57.1%, to end the quarter at EUR 1.600.

Comparative share performance

ANALYSTS' OPINIONS 79%

At the end of September, 79% of analysts recommended buying or holding SAN shares.

Source: Bloomberg at 30/09/2020.

MARKET CAP AND TRADING

As at 30 September 2020, Santander was the third largest bank in the Eurozone by market capitalisation and the 47th in the world among financial entities (EUR 26,582 million).

The share’s weighting in the DJ Stoxx 50 index was 6.0% and 11.5% in the DJ Stoxx Banks. In the domestic market, its weight in the Ibex 35 as at end-September was 7.5%.

A total of 14,213 million shares were traded in the year for an effective value of EUR 34,191 million and a liquidity ratio of 86%.

The daily trading volume was 74 million shares with an effective value of EUR 178 million.