Santander contains UBS as the most valuable bank of continental Europe

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Santander overtook UBS as the most valuable bank of Continental Europe after the market caused by Donald Trump’s tariff hit the Swiss lender more severely than peers.

On April 2, UBS shares fell by almost 15 percent when the US president announced a “mutual” tariffs, causing market sales. The actions of the Spanish lender decreased only about 5 percent during this period.

According to Bloomberg.

Transition in positions means a symbolic turn for Santander, which has been fighting for increasing its stock value over the last decade, and emphasizes the problems facing UBS.

The Swiss Bank has held a crown of the most valuable lender of Continental Europe since August 2023 after the absorption of credit suici earlier this year, and its market value was approaching 120 billion euros recently in February.

However, in recent weeks, the price of its stock is much insufficient.

Johann Scholtz, analyst Morningstar, said UBS’s shares were injured after the tariff announcement was announced because he was “much more directly exposed to the American market than other European banks,” and approximately a third of the US profit.

“UBS is very dependent on the market-more than the average European bank-and it is also more globally diversified than its peers, which is not useful if you think constant declaration and geopolitical tensions,” said Andreas Venditti, analyst in Vontobel.

“The Permanent Regulatory Discussion” in Switzerland remained the main reason “of the recent insufficient UBS performance against European and US peers, Venditty added.

Last week, UBS chairman Kolm Kellecher opposed the proposed reforms in banking rules in Switzerland, which stopped the bank against the country’s political and regulatory institution in the public. Speaking at the UBS’s annual general meeting, Keleer said the “extreme” measures would force the lender to hold 50 percent more capital.

Meanwhile, this year, Santander was one of the most effective actions of European banks, with the actions more than a third since January.

Despite the fact that some investors have questioned the strategic logic of their various geographical possessions in the Spanish group, the bank’s executive chairman Ana Botin said earlier this month that the market “recognizes the value of the group and the power of our model”.

“Tip and I am convinced that, following our strategy, we will continue to generate profitable growth. There is still a significant increase.”

Most eurozone lenders benefited from the sector last year after weathening interest rates and promising the returns of shareholders. The Euro Stoxx Banks Index, which tracks the largest lenders in the euro area since January more than 20 percent, despite the recent market turbulence.

Santander and UBS are being performed in the France’s BNP Paribas and Unicredit Italy, which have a $ 80.9 billion market capitalization and 78.9 billion euros respectively. HSBC remains the most valuable lender in Europe, including the UK, a market value of 137.8 billion pounds.

UBS and Santander refused to comment.