Banco Santander, S.A. (NYSE:SAN) is one of the cheap blue-chip stocks to invest in now. On August 28, Banco Santander, S.A. announced the repurchase of 5.18 million shares between August 21 and August 27, spending approximately €42 million. The buybacks, executed across venues including XMAD and CEUX, were priced between €8.06 and €8.29 per share. This brings total spending under the current buyback initiative to €297.73 million, or 17.5% of the program’s maximum allocation.
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The initiative, launched on July 30, 2025, is part of Santander’s broader capital management strategy. The bank has now repurchased roughly 14.4% of its outstanding shares since 2021. The largest single-day transaction occurred on August 26, with 1.57 million shares bought on XMAD at an average price of €8.14. All purchases comply with EU market abuse regulations.
Banco Santander, S.A. (NYSE:SAN) is a global financial institution offering a wide range of services to individuals, businesses, and public entities. Operating through five key segments—Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking, Wealth Management & Insurance, and Payments—the bank serves clients across international markets.
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Disclosure: None. This article is originally published at Insider Monkey.