RBC Capital Markets lowered Banco Santander's net interest income and fees forecasts for 2028, reducing its target price to 13.25 euros from 13.50 while maintaining an outperform recommendation. The Canadian bank cut its 2028 adjusted pretax profit estimate for Santander by 2%, driven by falling Chile net interest income and higher costs, partially offset by Brazilian and Spanish divisions. Santander shares fell 1.5% to 12.14 euros.
Citi raised its 12-month bitcoin target price to $113,000 from $82,000 amid renewed debasement fears and regulatory clarity. Analysts noted that the failure of the Clarity Act spurred agency rulemaking, helping crypto regain technical levels. Bitcoin traded 0.2% higher at $83,898.
Ether's ETF inflow streak ended with $2.8 million in net outflows, breaking a seven-day run totaling over $850 million, according to Zaye Capital Markets' Naeem Aslam. He emphasized that institutional participation remains substantial. Ether rose 0.15% to $2,685.
UBS flagged near-term headwinds for Caixa Bank's net interest income, expecting a temporary drag in H2 2026 as liabilities reprice faster than assets. Shares dropped 3.2%. Citi analysts argued AI threats to European bank deposits are overblown but may reshape customer relationships, with BBVA, Caixa Bank, and KBC best positioned.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing