Jim Cramer on Banco Santander: "It is My Favorite Bank in Europe"

Banco Santander, S.A. (NYSE:SAN) is one of the stocks Jim Cramer offered insights on. A club member asked if it makes sense to continue buying SAN shares, and he stated:

“Okay, Banco Santander is the largest bank in Europe. This is run by Ana Botín. It’s a sensational bank… But I will say this, at $10, you should wait till it goes back to 9. I’m not kidding. I’ve watched the stock climb and climb and climb. It had a little bit of a spike. I don’t like that. Under 9 would be a terrific level. Still got a good yield. And there you go, try to get it here. It could happen. All right. It’s a fantastic bank, but it does sometimes trade a little strange. It’s… one, it is my favorite bank in Europe.”

Banco Santander, S.A. (NYSE:SAN) provides financial services including retail and commercial banking, consumer finance, corporate and investment banking, wealth management, insurance, and digital payments. The firm’s activities also extend to asset management, leasing, real estate, technology services, and various financial advisory solutions.

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Disclosure: None. This article is originally published at Insider Monkey.