New York, November 12, 2026 / PRNewswire / -- Pomerantz LLP represents Banco Santander, S.A. ("Santander", which refers to Santander Bank, or "the company") ( NYSE : SAN ). The firm advises relevant investors to contact Danielle Peyton, with the email address [ email protected ] and the phone number 646-581-9980, extension 7980.
This investigation focuses on whether Santander Bank and some of its senior executives and/or directors have engaged in securities fraud or other illegal business practices.
On October 28, 2026, Santander announced its financial results for the third quarter of 2026. Total revenue amounted to 15.89 billion euros, which was approximately 370 million euros lower than the market's consensus expectations. At the same time, due to high integration costs related to its acquisition of the US company Webster Bank and impairment of intangible assets, the reported net profit decreased by 2% to 3.43 billion euros.
The company's performance also indicates an increase in credit risk, with the net loan loss provision rising by 22% year-on-year to 3.49 billion euros.
Affected by this news, on October 28, 2026, the price of Banco Santander's American Depository Receipts ( ADR ) fell by $0.78 per share, a decrease of 6.26%, closing at $11.68 per share.
Pomerantz LLP has offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, and is considered one of the top law firms in the fields of corporate, securities, and antitrust class actions. The firm was founded by the late Abraham L Pomerantz, who is regarded as a pioneer in the field of class action litigation. Pomerantz has made groundbreaking contributions to the field of securities class actions. More than 85 years later, Pomerantz continues this tradition, fighting for the rights of victims of securities fraud, breach of fiduciary duty, and corporate misconduct. The firm has secured millions of dollars in compensation for its class members. For more details, please refer to www.pomlaw.com.
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Contact Information:
Danielle PeytonPomerantz LLP[ email protected ]646-581-9980, extension 7980
