santander consumer bank

Serving both consumers and dealers, Chrysler Capital provides full-service auto finance and leases for Chrysler, Dodge, Jeep®, Ram and FIAT® vehicles. Santander's Digital Consumer Bank is one of our growth initiatives created by the combination of two successful businesses: Santander Consumer Finance (SCF). Agreement signed today between Santander Consumer Bank S.p.A. and TIM S.p.A. signal the start of a partnership to offer a consumer finance delivery platform. santander consumer bank

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Our clients


Who


Santander Consumer Bank is a part of Banco Santander, which is the largest bank in the eurozone and one of the largest banks in the world with more than 195,000 employees globally and over 120 million customers in more than 40 countries. In 2015, Banco Santander had a market value of EUR 66 billion and a net profit of EUR 6.6 billion. Today, Santander Consumer Bank has a leading position in the Scandinavian market for car loans and is also a specialist in consumer loans, credit card and saving products.


The challenge


In connection with their entry into the Scandinavian market, Santander Consumer Bank needed to adjust some legal documents to local conditions and to get these translated. Santander Consumer Bank also needed to get their general terms and conditions, loan agreements, credit agreements and other financial and legal documents translated from English into Danish. In connection with this, Santander Consumer Bank needed external help, which is why they chose to reach out to a number of professional translation agencies, including Diction.


The solution


After our project manager had given Santander Consumer Bank a thorough description of our typical procedure for the translation of these types of texts, Santander Consumer Bank chose to use Diction as its translation agency. In cooperation with Santander Consumer Bank, Diction has provided quick and precise translations, leading to Santander’s entry to the Scandinavian market being implemented smoothly.  

Источник: https://www.diction-group.co.uk/cases/santander-consumer-bank

Santander’s Openbank plots consumer finance reboot

A modern floor with legs of a crowd walking in the background

Banco Santander is to launch what it calls a “global native digital consumer lending business” by combining its digital-only retail offshoot, Openbank, with its consumer finance arm.

Speaking to people close to the project, Euromoney learns that the rationale is to cross sell a wider range of Santander retail products through Openbank to Santander Consumer Finance (SCF)’s 18 million borrowers.

That will help plug Openbank’s technology in to one of Europe’s biggest providers of unsecured consumer loans, and it will help mitigate a funding mismatch in countries where Santander’s wider retail operation is relatively small, such as Germany and Scandinavia.

SCF already has more than €100 billion of consumer loans, almost all in Europe, but the Spanish group still deems this a growth business.

SCF earned an underlying return on equity of 12% in the first nine months of 2020, compared with 3% at the group as a whole, despite the economic impact of Covid-19.

As ever, cost efficiency is front of mind. Coupled with a new project to better streamline products and more closely integrate middle and back offices in Europe – and at the same time move more of that work onto the cloud – the Openbank-SCF finance merger comes as part of a new promise, unveiled in the last week of October, to save an additional €1 billion over the next two years.

That

Источник: https://www.euromoney.com/article/27oqt675kgvxfbkps4qo0/banking/santanders-openbank-plots-consumer-finance-reboot

Nordic API Gateway to boost launch of Santander Consumer Bank’s new money app

By Megha Bhattacharya

nordic API gatewayNordic API Gateway has teamed up with Santander Consumer Bank with an aim to deliver open banking capabilities for the Bank’s new consumer-focused money app – Prosper. The application is expected to offer its Nordic users a complete financial overview across banks by leveraging account aggregation and payment initiation services.

Oskar Karlsson, Product Manager at Santander Consumer Bank, said, “We’re thrilled to get Prosper up and running in collaboration with Nordic API Gateway. By using solid and stable open banking technologies, we’re opening up for an entire new universe in showing how we as a bank can act to build products with the customer in mind. At Santander, we’re always eager to pursue the best possible digital experience for our users. By launching Prosper, we’re acting on our agenda to fully go beyond regular banking with a tool for everyday financing.”

According to Nordic API, the collaboration is expected to enable Santander to boost its multi-banking personal finance management app. Prosper is currently being rolled out in Denmark with plans to launch across the rest of the Nordics.

Recently, Nordic API Gateway announced that it has teamed up with FinTech Horde, enabling the FinTech to manage loans and receive better loan opportunities by consolidating credit card debt. Horde has also rolled out a social lending platform for allowing friends and family to lend each other money in a structured way. The new social lending platform is already being launched in Norway this week and is expected to be further expanded in the Nordics in the future.

Jonas Vogt Rasmussen, Head of Partnerships at Nordic API Gateway, also commented on the collaboration, “We’re super proud to kick off our collaboration with Santander Consumer Bank and empower it with our account aggregation, data enrichment and account to account payment features. The partnership allows Santander Consumer Bank to deliver a smooth banking experience and build a go-to financial super app that caters to a wider audience. It’s great to see how open banking and PSD2 allows banks to move ahead and build fintech-driven solutions, like Prosper, that live up to the rapidly changing banking demands of consumers.”

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Источник: https://ibsintelligence.com/ibsi-news/nordic-api-gateway-to-boost-launch-of-santander-consumer-banks-new-money-app/

Top Financial Stocks for December 2021

The financial sector is comprised of companies that offer services including loans, savings, insurance, payment services, and money management for individuals and firms. Financial sector stocks include a wide range of companies involved in retail and commercial banking, accounting, insurance, asset management, credit cards, and brokerage. Well-known companies in the sector include Wells Fargo Co. (WFC), Goldman Sachs Group Inc. (GS), and Morgan Stanley (MS).

Financial stocks, represented by the Financial Select Sector SPDR ETF (XLF), have outperformed the broader market, with a total return of 46.9% compared to the iShares Russell 1000 ETF's (IWB) total return of 33.5% over the past 12 months. These performance numbers and all statistics in the tables below are as of Nov. 18, 2021.

Here are the top three financial stocks with the best value, the fastest growth, and the most momentum.

Best Value Financial Stocks

These are the financial stocks with the lowest 12-month trailing price-to-earnings (P/E) ratio. Because profits can be returned to shareholders in the form of dividends and buybacks, a low P/E ratio shows you’re paying less for each dollar of profit generated.

Best Value Financial Stocks
Price ($)Market Cap ($B)12-Month Trailing P/E Ratio
UWM Holdings Corp. (UWMC)5.950.60.4
Santander Consumer USA Holdings Inc. (SC)41.9912.94.2
Voya Financial Inc. (VOYA)69.367.74.5

Source: YCharts

  • UWM Holdings Corp. UWM Holdings is a holding company that, through its subsidiaries, engages in the origination, sale, and servicing of residential mortgage loans. The company reported a significant year-over-year (YOY) decline in net income for Q3 2021, due in part to a major drop in fair value of mortgage servicing rights (MSRs). The quarter ended Sept. 30, 2021. At the same time, originations rose 16% to a company record.
  • Santander Consumer USA Holdings Inc.: Santander Consumer USA Holdings is a holding company that, through its subsidiaries, offers financing for new and used cars, auto refinancing, and other services. On Nov. 19 the company announced a quarterly cash dividend of $0.22 per common share to shareholders of record as of Nov. 29. The dividend is payable on Dec. 9, 2021.
  • Voya Financial Inc.: Voya Financial offers investment, insurance, and retirement planning services. The company provides asset accumulation, protection, and distribution products and services to individuals and institutions.

Fastest-Growing Financial Stocks

These are the top financial stocks as ranked by a growth model that scores companies based on a 50/50 weighting of their most recent quarterly YOY percentage revenue growth and their most recent quarterly YOY earnings-per-share (EPS) growth. Both sales and earnings are critical factors in the success of a company. Therefore, ranking companies by only one growth metric makes a ranking susceptible to the accounting anomalies of that quarter (such as changes in tax law or restructuring costs) that may make one or the other figure unrepresentative of the business in general. Companies with quarterly EPS or revenue growth of over 2,500% were excluded as outliers.

Fastest-Growing Financial Stocks
Price ($)Market Cap ($B)EPS Growth (%)Revenue Growth (%)
Upstart Holdings Inc. (UPST)232.0219.0200.0262.5
Franklin Resources Inc. (BEN)35.0017.6766.727.9
Athene Holding Ltd. (ATH)85.8716.511.1173.5

Source: YCharts

  • Upstart Holdings Inc.: Upstart Holdings is a holding company whose subsidiaries offer a cloud-based artificial intelligence lending platform to make credit more available. The platform also helps bank partners to reduce the risk of lending. Both net income attributable to common shareholders and total revenue more than tripled YOY for Q3 2021, ended Sept. 30.
  • Franklin Resources Inc.: Franklin Resources offers investment advisory services to mutual fund, retirement, and institutional investors. The company manages a broad range of asset classes, including global equity, municipal fixed income, hedge funds, and alternative investments.
  • Athene Holding Ltd.: Athene Holding is an insurance holding company that issues, reinsures, and acquires retirement savings products through subsidiaries. The company serves customers around the world. The company reported Q3 2021 financial results for the quarter ended Sept. 30 on Nov. 3. Net income rose 12.4%. on a 167% increase in total revenues as gross organic inflows rose to a record $11.9 billion. The company said the quarterly performance reflected its diversified funding channels, and in particular the institutional side of the business in funding agreements and pension group annuities.

Financial Stocks With the Most Momentum

These are the financial stocks that had the highest total return over the past 12 months.

Financial Stocks With the Most Momentum
Price ($)Market Cap ($B)12-Month Trailing Total Return (%)
Signature Bank (SBNY)323.4219.6197.2
Blackstone Inc. (BX)145.08103.7160.9
Western Alliance Bancorp (WAL)117.0712.2117.7
iShares Russell 1000 ETF (IWB)N/AN/A33.5
Financial Select Sector SPDR ETF (XLF)N/AN/A46.9

Source: YCharts

  • Signature Bank: Signature Bank is a full-service commercial bank. The company provides investment, brokerage, asset management, and insurance products as well as various commercial lending services and other specialty-finance lending solutions.
  • Blackstone Inc.: Blackstone is a global investment firm offering a range of investment vehicles that are focused on private equity, real estate, public debt and equity, growth equity, non-investment grade credit, real assets, and other types of assets. It serves both institutional investors and individuals. On Nov. 18, womenswear brand SPANX Inc. announced that funds managed by Blackstone had completed a majority investment in SPANX at a valuation of $1.2 billion. Additional new investors in the deal included Oprah Winfrey and Reese Witherspoon.
  • Western Alliance Bancorp: Western Alliance Bancorp is a bank holding company. Through its subsidiaries, the company provides a variety of deposit, lending, treasury management, international banking, and other banking services.

The comments, opinions, and analyses expressed herein are for informational purposes only and should not be considered individual investment advice or recommendations to invest in any security or to adopt any investment strategy. Though we believe the information provided herein is reliable, we do not warrant its accuracy or completeness. The views and strategies described in our content may not be suitable for all investors. Because market and economic conditions are subject to rapid change, all comments, opinions, and analyses contained within our content are rendered as of the date of the posting and may change without notice. The material is not intended as a complete analysis of every material fact regarding any country, region, market, industry, investment, or strategy.

Источник: https://www.investopedia.com/top-financial-stocks-4582168

Q3 Santander Consumer Bank

Company Name

Santander Consumer Bank AS 17/22 FRN, Santander Consum AS 18/PERP FRN C HYBRID, Santander Consumer Bank AS 19/22 FRN, Santander Consumer Bank AS 19/24 FRN, Santander Consumer Bank AS 20/25 FRN, Santander Consumer AS 20/31 2.62 percent C SUB, Santander Consumer Bank AS 21/26 FRN, Santander Consumer Bank AS 21/24 FRN

ISIN

NO0010782337, NO0010810997, NO0010835143, NO0010835150, NO0010835176, NO0010842826, NO0010846322, NO0010868508, NO0010893365, NO0010909880, NO0011146425, NO0011146409

The Group’s gross outstanding loans to customers were 177.2 Bn NOK at Q3 2021, a
decrease of 2% or 4.1 Bn NOK compared to Q4 2020, mainly driven by foreign
exchange. Net interest income has decreased by 7% year to date (YTD) Q3 2021
compared to YTD Q3 2020. This is mainly driven by shift in portfolio mix.
Insurance revenue is up 25% and losses are down 17% in the same period.

The Group’s profit before tax was 2 363 MM NOK in YTD Q3 2021, reflecting an
increase of 4% compared to the same period last year.


A strong auto portfolio:

In local currencies we have an increasing Auto portfolio due to good cooperation
with dealers and partners. The Group has financed 66.598 new and 137.145 used
cars year to date, Q3 2021, up 18.0% and 2.6% respectively compared to the same
period in 2020.

Global shortage of semiconductors that especially has had a negative effect on
the supply of new cars in Denmark, Finland and Sweden, leading to a 17% decrease
in the total market of new car sales. SCB however saw an increase in new
business sales on Auto of +7% in the same period driven by high volumes in
Sweden from our partners.
SCB’s share of the Norwegian market has increased during the year. In Q3, SCB’s
share of the auto finance market is 26%, up from 23,1 in Q1. The Group continues
being the Nordic market leader in auto finance.

- We have, together with our partners delivered fantastic results in auto
finance, says Michael Hvidsten CEO of Santander Consumer Bank AS.


Financing the green shift:

Santander is already today a major player in financing electrical vehicles. All
Nordic markets are experiencing an increase in the sale of hybrid and electric
vehicles.

- It is encouraging to see that the revolution of electric vehicles continues
with full speed in our region, and the Groups finance penetration on EVs
continues to be higher and growing faster than for other vehicles. In 2021, 30%
of new vehicles financed by the Group in the Nordics are electrical vehicles. We
see this as an important part of our responsible banking-strategy, says
Hvidsten.

In the Consumer Loans portfolio, SCB has seen a downward market trend in all
markets due to regulatory changes and Covid impacts. SCB’s portfolio has to a
large extent followed the market.

Following strong growth in 2020, volumes in deposits from costumers have reached
a mature level. Deposits decreased with 4% in Q3, compared to year end 2020,
mainly driven by foreign exchange.


Contacts:

Eskil Pedersen, Nordic Communication Director
Phone: +47 46 85 26 60

Espen Hovland, Chief Control Officer
Phone: +47 41 28 42 23

For further information, please see the attached Q3 report, also available on
our web page: www.santanderconsumer.no


More information:
Access the news on Oslo Bors NewsWeb site

Источник: https://live.euronext.com/pt/node/7458401

Santander Bank Opens Branch in King of Prussia, and donates to local non-profit Organizations

Santander Bank North America has opened a branch in King of Prussia, Pennsylvania as part of its wider expansion plans.

As part of the opening, the bank also presented a $10,000 check to representatives from Habitat for Humanity to support financial education seminars, the construction of four homes and additional home repair projects.

Junior Achievement of Southeastern PA, a volunteer-delivered financial literacy nonprofit also attended an event held by the bank and received a $38,000 donation from Santander Bank to support financial literacy programs for students in Montgomery, Bucks and Chester counties.

Angela Moultrie, Santander Region president for Pennsylvania and Central New Jersey said: “We’re excited to relocate our King of Prussia branch to this more convenient location where we can continue to help local residents and business owners with their banking needs.”

“Santander has been investing in its branch network, and this location features our new modern design that encourages engaging, consultative client interactions while also providing tools to facilitate self-service in a comfortable setting.”

The branch includes several meeting spaces for clients, including a meeting “nook” where clients can meet privately with bankers, as well as a teller bar and help bar.

Santander will also offer free seminars to clients and community members on topics such as home buying and retirement, meanwhile the 24hour ATM is available to clients after branch hours.

“Santander is committed to supporting our local communities, and Habitat for Humanity and Junior Achievement are great partners that share our values of improving the quality of life for the neighborhoods where we live and work,” said Moultrie.

Santander Bank North America currently has two million customers located across Massachusetts, New Hampshire, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania, and Delaware.

In August, Brian Gunn, former chief human resources officer at Santander Consumer USA was named chief risk officer for MUFG Americas Holding Corporation and its banking subsidiary, MUFG Union Bank.

Источник: https://www.bankingexchange.com/recent-articles/item/9019-santander-bank-opens-branch-in-king-of-prussia-and-donates-to-local-non-profit-organizations

Santander Consumer Bank launches virtual agent powered by boost.ai to deliver AI-assisted customer service to Danish market

Denmark banking industry set to be disrupted by Europe’s leading provider of conversational AI

STAVANGER—December 14, 2020—Boost.ai, a global leader in artificial intelligence for Fortune 1000 companies, announced today that Santander Consumer Bank has selected boost.ai’s conversational AI platform to enhance customer experience and support capacity for its Danish customers. Already a key provider of customer service automation solutions to leading banking and financial institutions in Europe and the United States, Santander’s new virtual banking agent builds on the success of the multinational bank’s deployment of boost.ai’s solution in the Norwegian market.

The customer-facing virtual agent, named Sandrine, uses boost.ai’s proprietary Natural Language Understanding technology to enable Santander customers to get instant answers to questions related to its wide portfolio of products and services. The virtual agent can also intelligently recognize when a customer query falls outside of its scope and seamlessly handoff to a human agent for a frictionless customer experience.

“At Santander, we are eager to explore the opportunities of applying new technologies like AI,” said Oskar Karlsson, Product Manager Open Banking at Santander Nordics. “Our new boost.ai virtual agent, Sandrine, is part of this effort to future-proof our internal processes, and provide scalable and excellent customer service.”

Since launching in early September, Sandrine has already started to yield impressive results successfully handling thousands of automated chat interactions each week. By empowering customer self-service with a virtual banking agent, boost.ai’s conversational AI platform allows banks and other large enterprises to focus on their business objectives while creating new lines of revenue and strengthening customer loyalty through dynamic brand interactions.

The launch of Sandrine marks the first adoption of boost.ai’s solution by a major bank in Denmark, putting Santander ahead of the curve in delivering automated customer service at scale. Boost.ai’s virtual agents are currently helping financial institutions like DNB, Nordea and MSU Federal Credit Union assist customers with consistent resolution rates of over 90 percent.

“Danish banks have typically been slow to adopt conversational AI compared to their neighbors in Norway and Sweden,” said Henry Vaage Iversen, co-founder and chief commercial office at boost.ai. “Santander is bucking this trend and we are excited to work with them to deliver the same exceptional customer experiences through chat that our banking clients in the Nordics and beyond are creating for their customers every day.”

Источник: https://www.boost.ai/announcements/santander-consumer-bank-launches-virtual-agent-powered-by-boostai

Our clients


Who


Santander Consumer Bank is a part of Banco Santander, which is the largest bank in the eurozone and one of the largest banks in the world with more than 195,000 employees globally and over 120 million customers in more than 40 countries. In 2015, Banco Santander had a market value of EUR 66 billion and a net profit of EUR 6.6 billion. Today, Santander Consumer Bank has a leading position in the Scandinavian market for car loans and is also a specialist in consumer loans, credit card and saving products.


The challenge


In connection with their entry into the Scandinavian market, Santander Consumer Santander consumer bank needed to adjust some legal documents to local conditions and to get these translated. Santander Consumer Bank also needed to get their general terms and conditions, loan agreements, credit agreements and other financial and legal documents translated from English into Danish. In connection with this, Santander Consumer Bank needed external help, which is why they chose to reach out to a number of professional translation agencies, including Diction.


The solution


After our project manager had given Santander Consumer Bank a thorough description of our typical procedure for the translation of these types of texts, Santander Consumer Bank chose to use Diction as its translation agency. In cooperation with Santander Consumer Bank, Diction has provided quick and precise translations, leading how do i access my capital one account Santander’s entry to the Scandinavian market being implemented smoothly.  

Источник: https://www.diction-group.co.uk/cases/santander-consumer-bank

Nordic Santander consumer bank Gateway to boost launch of Santander Consumer Bank’s new money app

By Megha Bhattacharya

nordic API gatewayNordic API Gateway has teamed up with Santander Consumer Bank with an aim to deliver open banking capabilities for the Bank’s new consumer-focused money app – Prosper. The application is expected to offer its Nordic users a complete financial overview across banks by leveraging account aggregation and payment initiation services.

Oskar Karlsson, Product Manager at Santander Consumer Bank, said, “We’re thrilled to get Prosper up and running in collaboration with Nordic API Gateway. By using solid and stable open banking technologies, we’re opening up for an entire new universe in showing how we as a bank can act to build products with the customer in mind. At Santander, we’re always eager to pursue the best possible digital experience for our users. By launching Prosper, we’re acting on our agenda to fully go beyond regular banking with a tool for everyday financing.”

According to Nordic API, the collaboration is expected to enable Santander to boost its multi-banking personal finance management app. Prosper is currently being rolled out in Denmark with plans to launch across the rest of the Nordics.

Recently, Nordic API Gateway announced that it has teamed up with FinTech Horde, enabling the FinTech to manage loans and receive better loan opportunities by consolidating credit card debt. Horde has also rolled out a social lending platform for allowing friends and family to lend each other money in a structured way. The new social lending platform is already being launched in Norway this week and is expected to be further expanded in the Nordics in the future.

Jonas Vogt Rasmussen, Head of Partnerships at Nordic API Gateway, also commented on the collaboration, “We’re super proud to kick off our collaboration with Santander Consumer Bank and empower it with our account aggregation, data enrichment and account to account santander consumer bank features. The partnership allows Santander Consumer Bank to deliver a smooth banking experience and build a go-to financial super app that caters to a wider audience. It’s great to see how open banking and PSD2 allows banks to move ahead and build fintech-driven solutions, like Prosper, that live up to the rapidly changing banking demands of consumers.”

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  • Weekly snapshot of the industry deals, events & insights
  • Sectoral deep dives on the hottest FinTech trends
  • Exclusive interviews featuring c-level executives shaping the industry
  • Profiles of the most influential santander consumer bank and emerging companies in the sector
  • Weekly global FinTech use cases
  • Chart of the Week curated by the IBSi’s Research Team
Subscribe to Prime

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  • Most trusted FinTech journal since 1991
  • Digital monthly issue
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  • Global coverage
Subscribe Now
Источник: https://ibsintelligence.com/ibsi-news/nordic-api-gateway-to-boost-launch-of-santander-consumer-banks-new-money-app/

Banco Santander has outlined plans to create a global native digital consumer bank by merging it’s Openbank and Santander Consumer Finance (SCF) units.

The move one of the three initiatives announced by the bank’s group executive chairman Ana Botin at its Annual General Meeting (AGM).

Under the first initiative, santander consumer bank bank aims to bring its operations across all markets together under a common business model dubbed as ‘One Santander&rsquo.

Botin said that with this new model “we will simplify products and services to improve the customer experience; we will also boost innovation, taking advantage our digital capabilities to redesign our distribution, and automate our processes on a common platform.”

The plan to create a global native digital consumer lending business by combining SCF and Openbank is also part of the second initiative.

Botin added: “SCF, Europe’s consumer finance leader, serves over 20 santander consumer bank customers in 15 markets.

“Openbank is outperforming – and outgrowing – European santander consumer bank banks in deposits, with a full-fledged retail product suite marketed on an innovative, scalable and efficient banking platform, a software built by us.”

These two initiatives are part of the group’s strategy to achieve €1bn in net savings in Europe by the end of this year.

Botin also said: “We are now committing to an additional €1bn net savings reduction in the next two years on the same perimeter&rdquo.

Under the third initiative, the bank aims to create and offer disruptive payment solutions to compete with bigger payment providers.

Botin said that “with the scale, the right talent, processes and governance, Santander will form a powerful ecosystem of payment solutions” and she added that the goal is to “offer solutions first to Santander’s banks and then to new customers and third parties.”

Earlier this month, Santander introduced a new account dubbed “Santander One” which comes without any fee for loyal customers and provides essential banking services.

Источник: https://www.retailbankerinternational.com/news/santander-unveils-plan-to-create-new-digital-consumer-bank/

Top Financial Stocks for December 2021

The financial sector is comprised of companies that offer services including loans, savings, insurance, payment services, and money management for individuals and firms. Financial sector stocks include a wide range of companies involved in retail and commercial banking, accounting, insurance, asset management, credit cards, and brokerage. Well-known companies in the sector include Wells Fargo Co. (WFC), Goldman Sachs Group Inc. (GS), and Morgan Stanley (MS).

Financial stocks, represented by the Financial Select Sector SPDR ETF (XLF), have outperformed the broader market, with a total return of 46.9% compared to the iShares Russell 1000 ETF's (IWB) total return of 33.5% over the past 12 months. These performance numbers and all statistics in the tables below are as of Nov. 18, 2021.

Here are the top three financial stocks with the best value, the fastest growth, and the most momentum.

Best Value Financial Stocks

These santander consumer bank the financial stocks with the lowest 12-month trailing price-to-earnings (P/E) ratio. Because profits can be returned to shareholders in the form of dividends and buybacks, a low P/E ratio shows you’re paying less for each dollar of profit generated.

Best Value Financial Stocks
Price ($)Market Cap ($B)12-Month Trailing P/E Ratio
UWM Holdings Corp. (UWMC)5.950.60.4
Santander Consumer USA Holdings Inc. santander consumer bank Financial Inc. (VOYA)69.367.74.5

Source: YCharts

  • UWM Holdings Corp. UWM Holdings is a holding company that, through its subsidiaries, engages in the origination, sale, and servicing of residential mortgage loans. The company reported a significant year-over-year (YOY) decline in net income for Q3 2021, due in part to a major drop in fair value of mortgage servicing rights (MSRs). The quarter ended Sept. 30, 2021. At the same time, originations rose 16% to a company record.
  • Santander Consumer USA Holdings Inc.: Santander Consumer USA Holdings is a holding company that, through its subsidiaries, offers financing for new and used cars, auto refinancing, and other services. On Nov. 19 the company announced a quarterly cash dividend of $0.22 per common share to shareholders of record as of Nov. 29. The dividend is payable on Dec. 9, 2021.
  • Voya Financial Inc.: Voya Financial offers investment, insurance, and retirement planning services. The company provides asset accumulation, protection, and distribution products and services to individuals and institutions.

Fastest-Growing Financial Stocks

These are the top financial stocks as ranked by a growth model that scores companies based on a 50/50 weighting of their most recent quarterly YOY percentage revenue growth and their most recent quarterly YOY earnings-per-share (EPS) growth. Both sales and earnings are critical factors in the success of a company. Therefore, ranking companies by only one growth metric makes a ranking susceptible to the accounting anomalies of that quarter (such as changes in tax law or restructuring costs) that may make one or the other figure unrepresentative of the business in general. Companies with quarterly EPS or revenue growth of over 2,500% were excluded as outliers.

Fastest-Growing Financial Stocks
Price ($)Market Cap ($B)EPS Growth (%)Revenue Growth (%)
Upstart Holdings Inc. (UPST)232.0219.0200.0262.5
Franklin Resources Inc. (BEN)35.0017.6766.727.9
Athene Holding Ltd. santander consumer bank YCharts

  • Upstart Holdings Inc.: Upstart Holdings is a holding company whose subsidiaries offer a cloud-based artificial intelligence lending platform to make credit more available. The platform also helps bank partners to reduce the risk of lending. Both net income attributable to common shareholders and total revenue more than tripled YOY for Q3 2021, ended Sept. 30.
  • Franklin Resources Inc.: Franklin Resources offers investment advisory services to mutual fund, retirement, and institutional investors. The company manages a broad range of asset classes, including global equity, municipal fixed income, hedge funds, and alternative investments.
  • Athene Holding Ltd.: Athene Holding is an insurance holding company that issues, reinsures, and acquires retirement savings products through subsidiaries. The company serves customers around the world. The company reported Q3 2021 financial results for the quarter ended Sept. 30 on Nov. 3. Net income rose 12.4%. on a 167% increase in total revenues as gross organic inflows rose to a record $11.9 billion. The company said the quarterly performance reflected its diversified funding channels, and in particular the institutional side of the business in funding agreements and pension group annuities.

Financial Stocks With the Most Momentum

These are the financial stocks that had the highest total return over the santander consumer bank 12 months.

Financial Stocks With the Most Momentum
Price ($)Market Cap ($B)12-Month Trailing Total Return (%)
Signature Bank (SBNY)323.4219.6197.2
Blackstone Inc. (BX)145.08103.7160.9
Western Alliance Bancorp (WAL)117.0712.2117.7
iShares Russell 1000 ETF (IWB)N/AN/A33.5
Financial Select Sector SPDR ETF (XLF)N/AN/A46.9

Source: YCharts

  • Signature Bank: Signature Bank is a full-service commercial bank. The company provides investment, brokerage, asset management, and insurance products as well as various commercial lending services and other specialty-finance lending solutions.
  • Blackstone Inc.: Blackstone is a global investment firm offering a range of investment vehicles that are focused on private equity, real estate, public debt and equity, growth equity, non-investment grade credit, real assets, and other types of assets. It serves both institutional investors and individuals. On Nov. 18, womenswear brand SPANX Inc. announced that funds managed baml video interview Blackstone had completed a majority investment in SPANX at a valuation of $1.2 billion. Additional new investors in the deal included Oprah Winfrey and Reese Witherspoon.
  • Western Alliance Bancorp: Western Alliance Bancorp is a bank holding company. Through its subsidiaries, the company provides a variety of deposit, lending, treasury management, international banking, and other banking services.

The comments, opinions, and analyses expressed herein are for informational purposes only and should not be considered individual investment advice or recommendations to invest in any security or to adopt any investment strategy. Though we believe the information provided herein is reliable, we do not warrant its accuracy or completeness. The views and strategies described in our content may not be suitable for all investors. Because market and economic conditions are subject to rapid change, all comments, opinions, and analyses contained within our content are rendered as of the date of the posting and may change without notice. The material is not intended as a complete analysis of every material fact regarding any country, region, market, industry, investment, or strategy.

Источник: https://www.investopedia.com/top-financial-stocks-4582168

Santander Bank Opens Branch in King of Santander consumer bank, and donates to local non-profit Organizations

Santander Bank North America has opened a branch in King of Prussia, Pennsylvania as part of its wider expansion plans.

As part of the opening, the bank also presented a $10,000 check to representatives from Habitat for Humanity to support financial education seminars, the construction of four homes and additional home bank of america teller locations near me projects.

Junior Achievement of Southeastern PA, a volunteer-delivered financial literacy nonprofit also attended an event held by the bank and received a $38,000 donation from Santander Bank to support financial literacy programs for students in Montgomery, Bucks and Chester counties.

Angela Moultrie, Santander Region president for Pennsylvania and First bank of alabama careers New Jersey said: “We’re excited to relocate our King of Prussia branch to this more convenient location where we can continue to help local residents and business owners with their banking needs.”

“Santander has been investing in its branch network, and this location features our new modern design that encourages engaging, consultative client interactions while also providing tools to facilitate self-service in a comfortable setting.”

The branch includes several meeting spaces for clients, including a meeting “nook” where clients can meet privately with bankers, as well as a teller bar and help bar.

Santander will also offer free seminars to clients and community members on topics such as home buying and retirement, meanwhile the 24hour ATM is available to clients after branch hours.

“Santander is committed to supporting our local communities, and Habitat for Humanity and Junior Achievement are great partners that share our values of improving the quality of life for the neighborhoods where we live and work,” said Moultrie.

Santander Bank North America currently has two million customers located across Massachusetts, New Hampshire, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania, and Delaware.

In August, Brian Gunn, former chief human resources officer at Santander Consumer USA was named chief risk officer for MUFG Americas Holding Corporation and its banking subsidiary, MUFG Union Bank.

Источник: https://www.bankingexchange.com/recent-articles/item/9019-santander-bank-opens-branch-in-king-of-prussia-and-donates-to-local-non-profit-organizations

4 Replies to “Santander consumer bank”

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