Banco Santander S.A.BNC
▲ PositiveCapitalrelevance
Santander's planned acquisition of Webster Financial is highlighted as a brilliant deal, and Cramer advises not to sell the stock.
Jim Cramer urged US bank mergers on Mad Money, singling out Banco Santander’s planned acquisition of Webster Financial as a model. He argued that banks with strong AI technology should be consolidating smaller rivals now, and said Santander, led by Ana Botín, is the only one taking advantage of loosened regulatory constraints. Cramer called the Webster deal a brilliant acquisition and advised investors not to sell Santander stock, adding he would recommend buying if it pulled back to $10.
Banco Santander S.A.Santander's planned acquisition of Webster Financial is highlighted as a brilliant deal, and Cramer advises not to sell the stock.
Webster Financial CorporationWebster Financial is the acquisition target in a deal praised by Jim Cramer, which is positive for its shareholders.