UBS analysts Cerezo and Fernandez-Garayzabal reaffirm Santander's ability to hit its 2028 net profit target of >€20bn (vs €14.1bn in 2025). They cite strong EPS growth and ROTE uplift but note little room for consensus upgrades. Volatility expected from diversification and cost-cutting plans.

One free account opens every story complete, the live board, the 30-day calendar, a watchlist and breaking alerts on your phone. No card. The wire stays free to read.