Banco Santander - An unusual high dividend yield banking stock

[investingsgx]

I been watching this one for a while too. The main drawback is the provisions are murkier; while they have stressed that they will maintain the dividend, nobody knows the extent of the writedowns or if they have additional ones coming up. Spanish banks tend to have this hidden better than the rest it seems. BBVA also can take a look, but same issue with unknown amount of provisions if any. If they manage to stay up (i.e. the NPLs from Mexico and Brazil aren't too bad) then they'll just spread the damage out over the years without anyone knowing.

Europe crisis started since late 2009. 4 years had passed. I expect worst thing should over. Yet. Spain unemployment rate is still pretty scary :

https://www.google.com/search?q=spain+unemployment+rate

Although the bank recover a bit, but it is still very insignificant to the good earnings from 2007-2010.