It looked like a hot trade but all it did was burn. So how is Brian Kelly playing Banco Santander, now?
BK made the fateful call on October 5th identifying this overseas bank as one of Europe’s best – in a sector that’s been riddled with challenges.
At the time he said, “I look to a bank like Santander. That’s a name I wanna’ be in.”
Well, this Madrid-based bank may be a long-term winner, but in the short term shares of Banco Santander dropped about 7%.
So what does Kelly have to say about this stock now?