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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Banco Santander, S.A. Sponsored Adr (Spain) | NYSE:STD | NYSE | Ordinary Share |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 6.10 | 0.00 | 01:00:00 |
From Jul 2019 to Jul 2024
By Pietro Lombardi
Banco Santander SA's (SAN.MC) third-quarter net profit grew strongly from a year earlier, when it reported a number of one-off charges.
Net profit for the period rose roughly 36% to 1.99 billion euros ($2.26 billion) from a year earlier, when the bank reported more than EUR500 million in exceptional charges, including roughly EUR300 million related to the integration of Banco Popular.
Third-quarter gross income fell about 4% to EUR11.72 billion.
Analysts had expected the bank to report a net profit of EUR1.93 billion on gross income of EUR11.48 billion, according to a consensus forecast provided by FactSet.
Santander's Common Equity Tier 1 ratio, a key measure of balance-sheet strength, stood at 11.11% at the end of September, up from 10.80% in June.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
October 31, 2018 02:30 ET (06:30 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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