Banco Santander's U.S.-listed shares fell after a surprise Brazilian election result, then dropped again after the Company released third-quarter results.
NEW YORK, Oct. 29, 2026 /PRNewswire/ -- A surprise result in Brazil's election sent Banco Santander (NYSE: SAN) American depositary shares down 3.7% to $12.37 on October 26, 2026. Two days later, the stock fell approximately 6.26% when the bank published third-quarter results. If you lost money on Santander shares in this selloff, you may have legal rights. Shareholders who suffered losses are encouraged to submit their loss details now or contact Joseph E. Levi, Esq. via email at jlevi@SueWallSt.com or by telephone at (888) SueWallSt.
MarketScreener, Investing.com and Moomoo linked the October 26 decline to investor concern over what the election outcome could mean for Brazil's economic policy and banking environment, and for Santander's Brazilian operations. The pressure continued into October 27, when Santander's Madrid-listed shares were reported down approximately 3.92% ahead of earnings. GuruFocus reported the ADR down roughly 5% over a five-day span.
Santander released third-quarter results on October 28, 2026. Bloomberg reported that the shares dropped as the Brazil unit emerged as a sore spot for the bank, and SAN fell approximately 6.26% in that session. The bank also disclosed that integration costs negatively impacted profit.
If your SAN investment lost value after the selloff, request a free review of your losses or call (888) SueWallSt.
WHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Frequently Asked Questions About the SAN Investigation
Q: Who is eligible to participate in the SAN investigation?A: Investors who purchased SAN stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.
Q: How much did SAN stock drop?A: Shares fell approximately 3.7% to $12.37 on October 26, 2026, after a surprise Brazilian election result. They fell approximately 6.26% more on October 28, 2026, after third-quarter results in which the Company's Brazilian unit was identified as a weak spot. Investors who purchased shares at allegedly inflated prices and suffered losses may be eligible to seek compensation.
Q: Which statements are being investigated as potentially misleading?A: The investigation concerns whether Banco Santander made potentially misleading statements, or may not have adequately disclosed information. When the Brazil unit was identified as a weak spot in third-quarter results on October 28, 2026, the stock declined.
Q: What do SAN investors need to do right now?A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible to participate in the investigation.
Q: What documents do I need to participate?A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.
Q: What if I already sold my SAN shares -- can I still recover losses?A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought SAN and sold at a loss may still participate in the investigation.
Q: What if I live outside the United States?A: U.S. securities investigations generally cover purchases on U.S. exchanges, including Santander's NYSE-listed American depositary shares, regardless of the investor's country of residence.
Q: What does it cost me to participate?A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in any resulting action, these matters are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@SueWallSt.com
Tel: (888) SueWallSt
Fax: (212) 363-7171
Attorney Advertising. Prior results do not guarantee similar outcomes.
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SOURCE SueWallSt.com
