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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Sovgem | LSE:SOV | London | Ordinary Share | GB00B03XLZ73 | ORD 0.001P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 16.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
Banco Santander SA (STD) expects its U.S. unit Sovereign Bancorp Inc (SOV) to make a small profit in the fourth quarter, and then to gradually increase profits, an executive said Monday.
The secretary of Santander's board, Ignacio Benjumea Cabeza de Vaca, said at a shareholders meeting that the bank expects profits to rise to slightly below $100 million in 2009. In 2010, it would reach $250 million, he said, and in 2011, $750 million.
The Spanish banking giant had convened shareholders for an extraordinary shareholders meeting to approve Santander's share issue to buy the 75% of Sovereign it doesn't already own.
Company Web site: www.santander.com
-By Santiago Perez, Dow Jones Newswires; 34 91 395 8119; santiago.perez@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary. You can use this link on the day this article is published and the following day.
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