Santander deposes UBS as continental Europe’s most valuable bank

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Continental has surpassed Santanda’s UBS as the most valuable bank in Europe after the Swiss Nider donor on Donald Trump’s customs-launch market route.

UBS shares have decreased by about 5 percent as the US President announced a “mutual” tariff on April 2, which triggles the market sales. The shares of the Spanish NDDer are reduced by about 5 percent during that period.

According to Bloomberg data, these steps have left Santandar with the market capital of € 91.3BN on Wednesday as the market is closed, surpassing UBSK with the market value of € 85.7 billion.

The transfer to the position identifies a symbolic turnaround for Santander, which has fought to raise its share prices for most of the last decade and underscore the challenges in the face of UBS.

Swiss Bank has been holding a credit swiss earlier that year, and since August 2021, the Continental retained the crown of the most valuable NDDer in Europe, and its market value recently reached € 120BN as February this year.

However, its share prices have made European colleagues significantly skilled in recent weeks.

Morningstar analyst Johan Sholtz says UBS shares have suffered after Trump’s tariff because it earns about one -third of the US from the United States “was significantly direct exposure in the US market than in other European banks”.

“UBS is much more market-dependent than European banks-and it is diverse worldwide than its peers, which is not helpful if anyone captures the ongoing de-Globalization and geopolitical tension.”

Vendity has added that “ongoing regulatory controversy” in Switzerland “UBS’s recent underform vs.” remains the main reason “for European and US peers.

Last week, UBS Chairman Kalam Kelh fought against the proposed reforms in the bank capital rules in Switzerland, which imposed the bank against the political and regulatory body of the country in a public row. At the UBS annual general meeting, Kelhir said the “extreme” systems would force the NDD to keep the capitalist more than 50 percent capital.

Meanwhile, Santanda is one of the best performing European bank stocks this year, since January, the shares have grown more than a third.

Although some investors from the Spanish group have questioned the strategic arguments of his various geographical holdings, the bank’s executive chair, Anna Botan, said earlier this month that the market “is recognizing the value of the group and the power of our model.”

“Board and I am sure that by performing our strategy we will continue to achieve profitable growth. There are still significant opposite sides.”

Most eurozone ND donors have benefited from a sector rally in the last one year after the interest rate of interest and a record return to shareholders. The Euro Stroxx Banks Index, which tracks the largest ND of the eurozone, has increased by more than 20 percent since January despite the recent market turmoil.

The BNP transport rankings of Santandar and UBS France are followed and Italy’s Unicredit, whose market capital is € 80.9bn and .9 78.9bn respectively. HSBC remains the most valuable NDDist in Europe, including the UK, whose market value is $ 137.8 billion.

UBS and Santanda refused to comment.