Jim Cramer Calls for Bank Mergers and Praises Banco Santander

The lone happening we're missing are slope mergers. Now, I got to archer you, I deliberation it's clip we had a fewer of them. We person mode excessively galore banks successful this country. If a slope has tremendous AI technology, it should beryllium rolling up its smaller rivals close now, you know? But the lone 1 that seems to get this is Banco Santander, tally by the superb Ana Botín. She's buying Webster Financial in… Connecticut. It's a superb acquisition, taking vantage of the loosened regulatory constraints. Others should bash truthful too.

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Banco Santander, S.A. (NYSE:SAN) provides banking, financing, investment, and security services to individuals, businesses, and nationalist institutions. The institution offers lending, wealthiness management, payments, and integer banking. A caller inquired astir the banal during the June 3 episode, and Cramer responded:

That was Ana Botín. I deliberation the satellite of her. I cognize that the banal has had a large run. I deliberation it's paused present arsenic it catches its breath. I don't privation radical to merchantability it, and if it came backmost to $10, I'd archer radical to bargain it.

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