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Banco Santander Binary Options
In recent years financial services companies have taken a battering in the markets. Very few have escaped significant share depreciation since the credit crunch kicked in during 2008. Banco Santander has lost half of its share price, dropping from $12 a share to $6 a share. As with many companies that have suffered through the banking crisis trade volumes in Banco Santander shares have been up during this timeframe, as traders have sought to profit from the stock volatility.
The company was originally founded in Santander, Spain. It has gone through several mergers and acquisitions, including with Banco Central Hispano in Spain, and Abbey National, Alliance and Leicester, and Bradford and Bingley in the UK. It is the Spanish arm of the Santander Group.
The stocks are listed on the Madrid Stock Market under SAN, and on the London Stock Exchange under BNC.
The Eurozone crisis has affected share performance and traders should look to the Spanish situation when looking to trade. They should also fully understand the reports and news around the company itself. Those looking for the ability to complete day trades on a financial company will find the conditions that they need in Santander. With new markets being coveted there are going to be opportunities for some high payout binaries over the coming years.
Binary options are a great way to obtain high profits from limited capital investment. Financial stocks have offered traders the ability to make huge profits over recent years. Banco Santander looks set to continue to be an asset of choice for binary options traders.
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