Banco Santander is trading €12.34, up 4.52%, as Flávio Bolsonaro’s first-round win kept alive a scenario viewed as more favorable for its Brazilian business.
- BolsamanĂa reported Santander led the Ibex and rose 2% on October 5 following the result.
- The election goes to an October 25 runoff against Luiz Inácio Lula da Silva, leaving uncertainty unresolved.
- The dividend increase and ongoing buyback are background developments, not confirmed explanations for this session’s move.