The three-year under-performance in shares of Banco Santander (SAN) is a combination of a weak outlook for financial institutions and investors growing wary of European banks. The only solace for losing on Santander's multi-year decline is Deutsche Bank (DB) and Lloyds Banking Group plc (LYG) performing worse. Despite favorable valuations and decent dividend yield, why should investors sell SAN stock like I did, especially when tax-loss selling ended?
Note: Santander is a former Top DIY Value Investing Marketplace idea but was removed a few months ago.
Political uncertainties, driven