🇺🇸 SECBanco Santander, S.A.Qwen · 实盘不做把握 8/10不做原因:无增量信息
北京时间·🕒 发布 18:23:59待核·⟳ 抓取 18:24:32·⚡ 决策 09-10 22:39:24 +4h14m·46.9 天前
桑坦德银行披露9月3日至9日回购执行明细：累计已耗资4.6898亿欧元、占回购计划上限约25.7%，属MAR第5条例行周度披露
这是发行人依MAR第5条按周披露的自有股份回购执行明细，回购计划及其规模早在2026年8月10日已作为内幕信息公告。本次文件没有新增计划、上调金额、改变执行节奏承诺或任何业绩/资本/监管增量事实，只有已成惯例的交易台账（1,280万股、4.6898亿欧元累计、占上限25.7%）。跨源查重命中的唯一候选是9月8日一则关于大型银行跨境扩张的播客观点，与本条回购披露不是同一催化，也未提供任何新增事实。对桑坦德这类超大市值银行，持续性回购买入是市场已知且已定价的常态股东回报流，不构成方向明确、有边际优势的可交易事件，故整体不做。
📄 原文Banco Santander, S.A.↗ 原文
----- dp253147_6k.htm ----- 6-K 1 dp253147_6k.htm FORM 6-K FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C.…
不做 Banco Santander, S.A.（SAN.US）
本次6-K是依MAR第5条按周提交的自有股份回购执行明细（9月3日至9日回购1,280万股、累计4.6898亿欧元、约占计划上限25.7%），回购计划已于2026年8月10日以官方登记号3336的内幕信息通告公告，文件未新增计划规模、执行承诺、定价条款或任何业绩/资本/监管增量事实。对超大市值银行股，持续性回购买入属市场已知的常态股东回报流，无预期差、无可交易边界，故不做；同时不构成公司级净利空，不产生风险信号。
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
事实层：SEC EDGAR 6-K一手披露，内容为9月3日至9日在XMAD/CEUX/TQEX/AQEU四个场所的回购逐笔明细，合计1,280万股、均价约12.55–12.86欧元，累计支出4.6898亿欧元、占计划上限约25.7%。影响链：回购计划已于2026-08-10以官方登记号3336的内幕信息通告公布，本次属MAR第5条强制的周期性执行报告，只更新执行进度，不改变计划规模、期限或资本配置意图，对盈利、资产质量、监管资本或收入没有新增读数。证据层：跨源已处理消息库仅命中一条9月8日关于大行跨境扩张的播客观点，非同一事件；文件由合规负责人签署，属行政备案性质。结论：无增量事实、无可交易边界，方向中性，整体AVOID；不产生风险信号，因为持续回购对股东权益不构成净损害。
🔎 新鲜度:最早出现 2026-09-10 · 扩散 low · price-in 风险 high ↗
关键理由
- 本次披露只是已公告回购计划的执行台账更新，没有新增金额、节奏承诺或资本配置决定。
- 持续性回购买入是市场已知的常态股东回报流，对超大市值银行股缺乏足以驱动短期重定价的边际信息。
- 跨源查重未发现同一催化的新增事实，也不存在可映射的二阶受益或受损链条。
主要风险
- 若后续回购计划出现规模上调、提前终止或加速执行等新增条款，性质会改变，届时需重新研判；本次文件不含此类信息。
- 例行回购明细中的每日均价可作为股价水平参考，但不构成基本面或流动性证据，不应据此推断趋势。
反向证据
- 做多前查反向 · 来源 web · 日期 2026-09-08 · 影响 none
72小时已处理消息库仅命中一条9月8日Reuters转发Breakingviews播客（讨论大型银行重新跨境扩张），与本次回购披露不是同一催化，也未提供回购计划规模、执行或终止的任何新事实；未命中任何显示回购加速、上调或异常执行的一手证据。
检索:search_processed_events: Banco Santander buyback programme own share purchases weekly disclosure / SAN 回购计划 468,982,200 欧元 25.7% 原文 ↗ - 做空前查反向 · 来源 filing · 日期 2026-09-10 · 影响 none
文件正文与Annex I引用中不含任何回购暂停、终止、规模下调、监管干预或盈利/资本恶化的表述，仅呈现按计划推进的买入（截至9月9日累计25.7%），不构成做空催化，也不产生风险信号。
检索:桑坦德银行 回购 终止/暂停 或 负面资本监管事件（本6-K正文检索） 原文 ↗
先例如何影响了这次决策
对本次决策的影响:未使用外部先例定价：本条是发行人依MAR第5条按周提交的回购执行台账，属可预期的例行披露，既无新增事实也无事件冲击结构，历史同类“回购周报”的价格反应本身即接近零，先例统计不会改变AVOID结论。
工具执行结果 · 成功 1 · 降级 0 · 失败 0 · 取消 0
- search_processed_events 成功 stock_tools HTTP · 426 ms
{"result": "search_processed_events:agent query=`banco santander buyback programme own share purchases weekly disclosure | san 回购计划 468,982,200 欧元 25.7% | santander share repurchase mar regulation 596/2014 transactions 3-9 septem`；结构化索引覆盖完整 72 小时；旧记录兼容扫描近 48.5/72 小时、1576 条本臂决策(完整)，返回 1 条候选。\n• 09-08
原文全文
展开原文 · 3,876 字
----- dp253147_6k.htm -----
6-K
1
dp253147_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 10, 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 3 and 9 September (both inclusive).
The cash amount of the
shares purchased to 9 September 2026 as a result of the execution of the Buyback Programme amounts to 468,982,200 Euros, which represents
approximately 25.7% 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 18.2% of its outstanding
shares as of 2021.
Date
Security
Transaction
Trading venue
Number of shares
Weighted average price (€)
03/09/2026
SAN
Purchase
XMAD
1,200,000
12.8185
03/09/2026
SAN
Purchase
CEUX
444,306
12.8205
03/09/2026
SAN
Purchase
TQEX
193,144
12.8295
03/09/2026
SAN
Purchase
AQEU
162,550
12.8270
04/09/2026
SAN
Purchase
XMAD
621,829
12.8453
04/09/2026
SAN
Purchase
CEUX
825,154
12.8199
04/09/2026
SAN
Purchase
TQEX
194,457
12.8379
04/09/2026
SAN
Purchase
AQEU
358,560
12.8105
07/09/2026
SAN
Purchase
XMAD
1,252,698
12.8568
07/09/2026
SAN
Purchase
CEUX
282,070
12.8397
07/09/2026
SAN
Purchase
TQEX
99,488
12.8415
07/09/2026
SAN
Purchase
AQEU
165,744
12.8375
08/09/2026
SAN
Purchase
XMAD
1,676,615
12.8471
08/09/2026
SAN
Purchase
CEUX
223,971
12.8014
08/09/2026
SAN
Purchase
TQEX
18,845
12.7657
08/09/2026
SAN
Purchase
AQEU
80,569
12.8003
09/09/2026
SAN
Purchase
XMAD
3,100,000
12.6167
09/09/2026
SAN
Purchase
CEUX
1,044,100
12.5619
09/09/2026
SAN
Purchase
TQEX
300,711
12.5466
09/09/2026
SAN
Purchase
AQEU
555,189
12.5763
TOTAL
12,800,000
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), 10 September 2026
ANNEX I
Detailed information on each of the transactions
carried out within the context of the Buy-back Programme between 03/09/2026 and 09/09/2026 (both inclusive)
(https://www.santander.com/content/dam/santander-com/es/documentos/cumplimiento/do-anexo-i-03-a-09-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 10, 2026
By:
/s/ Pedro de Mingo Kaminouchi
Name:
Pedro de Mingo Kaminouchi
Title:
Head of Corporate Compliance
6-K
1
dp253147_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 10, 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 3 and 9 September (both inclusive).
The cash amount of the
shares purchased to 9 September 2026 as a result of the execution of the Buyback Programme amounts to 468,982,200 Euros, which represents
approximately 25.7% 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 18.2% of its outstanding
shares as of 2021.
Date
Security
Transaction
Trading venue
Number of shares
Weighted average price (€)
03/09/2026
SAN
Purchase
XMAD
1,200,000
12.8185
03/09/2026
SAN
Purchase
CEUX
444,306
12.8205
03/09/2026
SAN
Purchase
TQEX
193,144
12.8295
03/09/2026
SAN
Purchase
AQEU
162,550
12.8270
04/09/2026
SAN
Purchase
XMAD
621,829
12.8453
04/09/2026
SAN
Purchase
CEUX
825,154
12.8199
04/09/2026
SAN
Purchase
TQEX
194,457
12.8379
04/09/2026
SAN
Purchase
AQEU
358,560
12.8105
07/09/2026
SAN
Purchase
XMAD
1,252,698
12.8568
07/09/2026
SAN
Purchase
CEUX
282,070
12.8397
07/09/2026
SAN
Purchase
TQEX
99,488
12.8415
07/09/2026
SAN
Purchase
AQEU
165,744
12.8375
08/09/2026
SAN
Purchase
XMAD
1,676,615
12.8471
08/09/2026
SAN
Purchase
CEUX
223,971
12.8014
08/09/2026
SAN
Purchase
TQEX
18,845
12.7657
08/09/2026
SAN
Purchase
AQEU
80,569
12.8003
09/09/2026
SAN
Purchase
XMAD
3,100,000
12.6167
09/09/2026
SAN
Purchase
CEUX
1,044,100
12.5619
09/09/2026
SAN
Purchase
TQEX
300,711
12.5466
09/09/2026
SAN
Purchase
AQEU
555,189
12.5763
TOTAL
12,800,000
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), 10 September 2026
ANNEX I
Detailed information on each of the transactions
carried out within the context of the Buy-back Programme between 03/09/2026 and 09/09/2026 (both inclusive)
(https://www.santander.com/content/dam/santander-com/es/documentos/cumplimiento/do-anexo-i-03-a-09-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 10, 2026
By:
/s/ Pedro de Mingo Kaminouchi
Name:
Pedro de Mingo Kaminouchi
Title:
Head of Corporate Compliance
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