Jim Cramer on Banco Santander: "I Think This One's on Track to Become One of the Most Profitable Banks in the World"

Banco Santander, S.A. (NYSE:SAN) is one of the stocks Jim Cramer commented on. Cramer highlighted the company’s U.S. ambitions, as he said:

This morning, we got excellent full-year results from Banco Santander, the Spanish banking powerhouse with the stock that’s charged 142% over the past 12 months. A bank. We also learned that they’re buying Webster Financial. It’s a community bank based in Connecticut, a real good one. It’s all part of their plan to dominate the northeastern United States. I think this one’s on track to become one of the most profitable banks in the world, marching steadily towards their goal of 20% return on tangible equity by 2028. Wow.

Banco Santander, S.A. (NYSE:SAN) provides banking, financing, investment, and insurance services to individuals, businesses, and public institutions. The company offers lending, wealth management, payments, and digital banking. A caller sought Cramer’s advice on the stock during the January 15 episode, and he replied:

Santander is terrific… I think that Santander is amazing. I think Ana Botín is incredible… recommending this stock since 3, and I’m redoubling my efforts to tell you to buy it right now.

While we acknowledge the potential of SAN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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