Banco Santander shares fall 1.38% premarket after UBS maintains Buy rating and global market sell-off.

Banco Santander, S.A. fell 1.38% in premarket trading. The decline comes as global markets experienced a late-week sell-off, with the European Stoxx 600 and U.S. S&P 500 marking their steepest weekly drops in 17 and 10 weeks, respectively. Cyclicals were hit hardest, and even defensive sectors like banking offered little protection.