🇺🇸 SECBanco Santander, S.A.Codex · 实盘不做把握 8/10不做原因:无增量信息
北京时间·🕒 发布 18:11:30·⟳ 抓取 18:11:57 +27s·⚡ 决策 09-03 18:32:59 +21m02s·54.2 天前
Banco Santander披露8月27日至9月2日已执行回购30589.07万欧元
本次6-K是一手披露且方向偏正面，但核心事实是已公告回购计划下的阶段性交易明细；回购计划启动和资本回报框架此前已公开，新增信息主要是执行进度，不足以构成新的可交易预期差。
📄 原文Banco Santander, S.A.↗ 原文
----- dp252949_6k.htm ----- 6-K 1 dp252949_6k.htm FORM 6-K FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C.…
不做 Banco Santander, S.A.（SAN.US）
不做Banco Santander（SAN.US）：本次是既有回购计划的例行执行进度披露，缺少新增额度、加速、注销完成或业绩指引变化，正向但无足够短线预期差。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
结论摘要
Banco Santander披露截至9月2日的回购执行进度，确认1140万股、3.06亿欧元的阶段性买入；该信息提升了回购兑现确定性，但它依附于8月10日已公告的回购计划，且只完成最高投资金额16.8%，没有新增上调、取消、提前完成或业绩指引变化。对Banco Santander（SAN.US）短线更像例行合规更新，正向但edge不足，因此不做。
消息传播链
- Banco Santander提交6-K，披露8月27日至9月2日回购执行明细及累计金额。
- 公司IR页面列示2026年8月10日回购计划启动及多次既有回购交易进度披露，说明本次属于连续执行披露链条。
关键理由
- 回购执行本身对每股权益偏正面，但本次只是既有计划的阶段性买入披露。
- 305,890,700欧元仅为最高投资金额的16.8%，未显示资本回报政策出现新的超预期变化。
主要风险
- 若后续公告显示回购显著加速或叠加业绩/资本目标上调，需重新评估。
- 银行股短线更多受利率、信用成本和资本充足率预期驱动，单次回购进度披露难以形成独立催化。
反向证据
- 做多前查反向 · 来源 web · 日期 2026-09-03 · 影响 weakens
反向检查显示本次不是新授权或上调回购额度，而是此前回购计划的执行进度更新，削弱短线做多edge。
检索:Banco Santander buyback programme commencement 10 August 2026 transactions own shares 27 August 2 September 2026 原文 ↗
先例如何影响了这次决策
对本次决策的影响:先例不足未改变结论；核心决定因素是本次新增事实不构成可交易预期差。
方向:例行回购进度披露通常方向偏正但交易含义弱，缺少足够可比的新增超预期事件。
涨幅量级:未用先例校准幅度，因为本次不是新增回购授权或资本回报上调。
形态:更接近合规性进度公告，容易被市场视为已知计划兑现而非新催化。
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原文全文
展开原文 · 3,884 字
----- dp252949_6k.htm -----
6-K
1
dp252949_6k.htm
FORM 6-K
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of September, 2026
Commission File Number: 001-12518
Banco Santander, S.A.
(Exact name of
registrant as specified in its charter)
Ciudad Grupo Santander
28660 Boadilla del Monte (Madrid) Spain
(Address of principal
executive office)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F
X
Form 40-F
Banco Santander,
S.A.
TABLE OF CONTENTS
Item
1
Report of Other Relevant Information dated September 3, 2026
Item
1
Banco
Santander, S.A.
(the “
Bank
” or “
Banco Santander
”), in compliance with the Securities Market
legislation, hereby communicates the following:
OTHER
RELEVANT INFORMATION
Reference
is made to our notice of inside information of 10 August 2026 (official registry number 3336)
(the
“
Buyback Commencement Communication
”), relating to the buyback programme of own shares (the “
Buyback Programme
”)
approved by the Board of Directors of Banco Santander.
Pursuant
to article 5 of Regulation (EU) no. 596/2014 on Market Abuse of 16 April 2014, and articles 2.2 and 2.3 of Commission Delegated Regulation
(EU) 2016/1052, of 8 March 2016, the Bank informs of the transactions carried out over its own shares between 27 August and 2 September
(both inclusive).
The
cash amount of the shares purchased to 2 September 2026 as a result of the execution of the Buyback Programme amounts to 305,890,700
Euros, which represents approximately 16.8% of the maximum investment amount of the Buyback Programme. The programme was announced together
with its other characteristics through the Buyback Commencement Communication. With these purchases, the Bank has repurchased approximately
18.1% of its outstanding shares as of 2021.
Date
Security
Transaction
Trading
venue
Number
of shares
Weighted
average
price
(€)
27/08/2026
SAN
Purchase
XMAD
1,950,000
12.6238
27/08/2026
SAN
Purchase
CEUX
888,587
12.6074
27/08/2026
SAN
Purchase
TQEX
239,953
12.6164
27/08/2026
SAN
Purchase
AQEU
421,460
12.5986
28/08/2026
SAN
Purchase
XMAD
1,170,524
12.6592
28/08/2026
SAN
Purchase
CEUX
198,213
12.6473
28/08/2026
SAN
Purchase
TQEX
44,538
12.6532
28/08/2026
SAN
Purchase
AQEU
86,725
12.6487
31/08/2026
SAN
Purchase
XMAD
877,379
12.7376
31/08/2026
SAN
Purchase
CEUX
183,649
12.7390
31/08/2026
SAN
Purchase
TQEX
57,484
12.7552
31/08/2026
SAN
Purchase
AQEU
81,488
12.7431
01/09/2026
SAN
Purchase
XMAD
2,300,000
12.5551
01/09/2026
SAN
Purchase
CEUX
451,215
12.5037
01/09/2026
SAN
Purchase
TQEX
208,479
12.5171
01/09/2026
SAN
Purchase
AQEU
240,306
12.5207
02/09/2026
SAN
Purchase
XMAD
1,600,000
12.6803
02/09/2026
SAN
Purchase
CEUX
225,254
12.6484
02/09/2026
SAN
Purchase
TQEX
66,505
12.6310
02/09/2026
SAN
Purchase
AQEU
108,241
12.6437
TOTAL
11,400,000
Issuer
name
: Banco Santander, S.A. - LEI 5493006QMFDDMYWIAM13
Reference
of the financial instrument
: ordinary shares - Code ISIN ES0113900J37
Detailed
information of the transactions carried out within the referred period is attached as Annex I.
Boadilla
del Monte (Madrid), 3 September 2026
ANNEX
I
Detailed
information on each of the transactions carried out within the context of the Buy-back Programme between 27/08/2026 and 02/09/2026 (both
inclusive)
(https://www.santander.com/content/dam/santander-com/es/documentos/cumplimiento/do-anexo-i-27-agosto-a-02-septiembre-2026-es.pdf)
SIGNATURE
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
Banco Santander, S.A.
Date:
September 3, 2026
By:
/s/ Pedro de Mingo Kaminouchi
Name:
Pedro de Mingo Kaminouchi
Title:
Head of Corporate Compliance
6-K
1
dp252949_6k.htm
FORM 6-K
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of September, 2026
Commission File Number: 001-12518
Banco Santander, S.A.
(Exact name of
registrant as specified in its charter)
Ciudad Grupo Santander
28660 Boadilla del Monte (Madrid) Spain
(Address of principal
executive office)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F
X
Form 40-F
Banco Santander,
S.A.
TABLE OF CONTENTS
Item
1
Report of Other Relevant Information dated September 3, 2026
Item
1
Banco
Santander, S.A.
(the “
Bank
” or “
Banco Santander
”), in compliance with the Securities Market
legislation, hereby communicates the following:
OTHER
RELEVANT INFORMATION
Reference
is made to our notice of inside information of 10 August 2026 (official registry number 3336)
(the
“
Buyback Commencement Communication
”), relating to the buyback programme of own shares (the “
Buyback Programme
”)
approved by the Board of Directors of Banco Santander.
Pursuant
to article 5 of Regulation (EU) no. 596/2014 on Market Abuse of 16 April 2014, and articles 2.2 and 2.3 of Commission Delegated Regulation
(EU) 2016/1052, of 8 March 2016, the Bank informs of the transactions carried out over its own shares between 27 August and 2 September
(both inclusive).
The
cash amount of the shares purchased to 2 September 2026 as a result of the execution of the Buyback Programme amounts to 305,890,700
Euros, which represents approximately 16.8% of the maximum investment amount of the Buyback Programme. The programme was announced together
with its other characteristics through the Buyback Commencement Communication. With these purchases, the Bank has repurchased approximately
18.1% of its outstanding shares as of 2021.
Date
Security
Transaction
Trading
venue
Number
of shares
Weighted
average
price
(€)
27/08/2026
SAN
Purchase
XMAD
1,950,000
12.6238
27/08/2026
SAN
Purchase
CEUX
888,587
12.6074
27/08/2026
SAN
Purchase
TQEX
239,953
12.6164
27/08/2026
SAN
Purchase
AQEU
421,460
12.5986
28/08/2026
SAN
Purchase
XMAD
1,170,524
12.6592
28/08/2026
SAN
Purchase
CEUX
198,213
12.6473
28/08/2026
SAN
Purchase
TQEX
44,538
12.6532
28/08/2026
SAN
Purchase
AQEU
86,725
12.6487
31/08/2026
SAN
Purchase
XMAD
877,379
12.7376
31/08/2026
SAN
Purchase
CEUX
183,649
12.7390
31/08/2026
SAN
Purchase
TQEX
57,484
12.7552
31/08/2026
SAN
Purchase
AQEU
81,488
12.7431
01/09/2026
SAN
Purchase
XMAD
2,300,000
12.5551
01/09/2026
SAN
Purchase
CEUX
451,215
12.5037
01/09/2026
SAN
Purchase
TQEX
208,479
12.5171
01/09/2026
SAN
Purchase
AQEU
240,306
12.5207
02/09/2026
SAN
Purchase
XMAD
1,600,000
12.6803
02/09/2026
SAN
Purchase
CEUX
225,254
12.6484
02/09/2026
SAN
Purchase
TQEX
66,505
12.6310
02/09/2026
SAN
Purchase
AQEU
108,241
12.6437
TOTAL
11,400,000
Issuer
name
: Banco Santander, S.A. - LEI 5493006QMFDDMYWIAM13
Reference
of the financial instrument
: ordinary shares - Code ISIN ES0113900J37
Detailed
information of the transactions carried out within the referred period is attached as Annex I.
Boadilla
del Monte (Madrid), 3 September 2026
ANNEX
I
Detailed
information on each of the transactions carried out within the context of the Buy-back Programme between 27/08/2026 and 02/09/2026 (both
inclusive)
(https://www.santander.com/content/dam/santander-com/es/documentos/cumplimiento/do-anexo-i-27-agosto-a-02-septiembre-2026-es.pdf)
SIGNATURE
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
Banco Santander, S.A.
Date:
September 3, 2026
By:
/s/ Pedro de Mingo Kaminouchi
Name:
Pedro de Mingo Kaminouchi
Title:
Head of Corporate Compliance
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