Telefónica and Banco Santander open the session lower due to the elections in Brazil. Telefónica loses 7.23% and Santander 4.6% in the early trades.
Shares of Telefónica and Banco Santander were down early on Monday in the Spanish Stock Exchange, following the results of the Brazilian elections, as reported by noticiastrabajo.es. By ten in the morning, Telefónica was down 7.23%, to 3.17 euros per share, while Santander fell 4.6%, to 10.8 euros.
The prices correspond to the first minutes of the session, so they may vary throughout the day. Both companies have business in Brazil: Telefónica operates in the country under the brand Vivo, and Santander considers it one of its sources of income.
According to data from the first half of 2026 included in the documentation sent to the National Securities Market Commission (CNMV), Telefónica in Brazil generated 5.195 million euros, which is 31.7% of its total 16.392 million. Revenue in the country increased by 12.5% year-on-year and 7.5% at constant exchange rates.
The profit of Vivo reached 2.833 million reais during the period, approximately 486 million euros at the current exchange rate, which is 17.9% more than in the same semester of 2025.
In the case of Santander, its business in Brazil achieved a net profit of 1.093 million euros in the first half, an increase of 4.8% at constant exchange rates and 9.7% in current terms.
The share price of Telefónica can be checked on the BME Exchange with the ISIN code ES0178430A18, and that of Santander on the bank's website, which updates the data almost in real-time.
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