The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Banco Santander reported a record underlying profit of €7.3 billion for the first half of 2026, a 15% increase driven by digital transformation and AI initiatives that raised RoTE to 15.6%. Following these results, Morgan Stanley raised its price target for the bank to €13.80. Additionally, State Street signed an agreement to acquire the Santander CACEIS Latam Securities Services joint venture to expand its presence in Brazil, Mexico, and Colombia. The transaction, expected to close in 2027, will add approximately $470 billion in assets under custody and $225 billion in assets under administration.