Banco Santander Share Discussion Threads

[action] 29/10/2020 10:15

Santander declared .20 euro divi in shares and proposed .10 euro in 2021 subject to ECB approval and capital ratio level. This is what I understand. No idea about ex divi for 2019 divi for free shares.

[crazi] 27/10/2020 12:40

When is/was the Ex Div dates?

[flyfisher] 27/10/2020 08:17

Q3 results seem ahead of expectations and are initially well received. AGM statement also bullish for a further 1bn cost savings. 10c scrip dividend approved and 10c regular dividend proposed for 2021. I would expect broker earnings upgrades to follow.

[crazi] 27/10/2020 06:29

EXCELLENT results compared to expectations... hxxps://www.santander.com/content/dam/santander-com/en/documentos/notas-de-prensa/2020/10/np-2020-10-27-presentacion-de-resultados-9m-2020-en.pdf Santander earns €3,658 million in underlying profit for first nine months of 2020, after strong third quarter Underlying profit in the third quarter climbed 18% from Q2 2020, owing to higher revenues and lower provisions, but fell 4% over the same period last year on a constant currency basis The group’s CET1 capital ratio increased to c.12%, the top end of its target range Madrid, 27 October 2020 - PRESS RELEASE • Attributable profit in the third quarter was €1,750 million, 249% more than at Q3’19, owing to a non-cash goodwill impairment and other charges in 2019. • The bank has continued to grow capital organically, adding 14 basis points (bps) to CET1 in the quarter. Group CET1 increased to 11.98%, sitting at the high end of its targeted range of 11-12%, after an accrual of 19 bps (+13bps in the quarter) in order to make a cash payment to shareholders in 2021, subject to approval by shareholders and regulators, in addition to other requirements. • Revenues in the first nine monthswere €33,605 million, in line with the same period in 2019 on a constant currency basis, despite the challenging environment. • Almost half the sales in the first nine months were on digital channels, 44% versus 36% in 2019. • Lending grew strongly in all core markets (+5% year-on-year, in constant currency), notably in South America (+17%) and North America (+6%), while deposits grew 9%. • The collaboration between our businesses in the US and Mexico led to an increase in its trade corridor revenue in Santander CIB (+29%) and commercial (+30%). • The bank’s efficiency plan is progressing faster than expected. Costs declined by more than 2% year-on-year in constant currency. Year-to-date, the Europe region achieved cost synergies of €500 million, exceeding our full year 2020 target, on top of the €200 million it achieved in 2019. • By the end of 2020, the bank will have achieved the €1 billion cost savings target in Europe it announced in 2019 and expects to reduce costs by an additional €1 billion over the next two years in Europe. • Quarter-on-quarter growth in revenue and good cost control brought net operating income to €17.9 billion in the first nine months, up 3% on a constant currency basis. • Credit quality was resilient as the non-performing loan ratio fell by 32 bps year-on-year to 3.15%. 66% of payment moratoriums have now expired; only 2% stand in stage 3 (credit impaired). The bank has improved its guidance on the cost of credit to 1.3% for 2020 from its prior guidance of 1.4-1.5%. • Following the €12.6 billion non-cash goodwill/deferred tax asset impairment announced last quarter, the bank recorded a statutory attributable loss for the first nine months of 2020 of €9,048 million. As the bank announced with its 2Q results, this will not impact on Santander’s liquidity position and solvency. • Based on current IMF and OECD macroeconomic forecasts, the cost of credit would remain stable or trend downward in 2021. This, combined with an increase in digitalisation and the further reduction in the cost base, would result in an underlying return on tangible equity (RoTE) for 2021 in line with the bank’s cost of equity. Ana Botín, Banco Santander executive chairman, said: “The recovery of our business is progressing well, and the third quarter was significantly stronger than the second. Revenues increased 18% in constant euros as activity returned close to pre-pandemic levels, loan loss provisions fell 14% and we continued to reduce costs ahead of plan. These results speak to the strength and breadth of our customer relationships and the resilience of our diversified business and markets in which we operate. This diversification has been a key driver of our recovery, with South America performing well and the UK recovering strongly in the third quarter. With greater visibility into customer behaviour, we now expect a better cost of risk at year end than we anticipated at the time of our 2Q update in July. We are confident we will deliver underlying profit of €5 billion for the full year, with capital remaining at the top end of our 11%-12% CET1 target range. Given the Group's current performance, the strength of our balance sheet, our liquidity profile and mix of businesses, I am confident that we will be able to resume cash dividends once regulatory conditions allow. As such, we are seeking shareholder approval today for a €0.10 per share cash payment to shareholders in 2021, once permitted. Although the outlook for 2021 depends on how the pandemic evolves, we have proven that our strategy and business model position us well to continue supporting our customers and delivering results for our shareholders. We remain committed to protecting our teams during this unprecedented time. I want to thank them for their continued hard work, and our customers for their ongoing trust in Santander.”

[crazi] 07/10/2020 16:05

Bought in yesterday. Happy to hold at these low low prices :-) a 371 share UT trade drops the price 0.4p at close - that's just crazy such a low trade even affects the price at all...

[stevefoster] 28/9/2020 15:51

BNC had intended to pay out a total of ~€3.5bn in dividends for FY2019, but as a result of COVID-19 taking off, were essentially ordered to stop paying dividends by the ECB (along with all other banks under their supervision [lots of EU banks]). That restriction was initially until October 2020, but was subsequently extended to January 2021 (and don't be surprised if the ECB extend it further). BNC had already paid out ~€1.7bn (the interim of €0.10ps in Nov 2019), and had proposed a final of €0.23ps due to be paid in May 2020 (the other ~€1.8bn), but that (and the AGM where it was being proposed) were cancelled (that pesky COVID-19 again). The delay in holding the AGM means they've had to redo the resolutions, and so now they're proposing to add the ~€1.8bn to reserves instead of paying it out as a final dividend.

[tygarreg] 28/9/2020 15:00

Actually having read it again, I dont think we are getting anything and the 1.66b refers to dividend already issued in 2019 financial year??? They say twice that entirety of surplus goes to liquid cash reserves!! Silly me!!!

[tygarreg] 28/9/2020 14:48

If I am reading this correctly, they are proposing E1.66 billion dividend and with a mc of £25b or E27.5b, then its 16.5E per share or about 15p payable in Oct. No doubt I have overlooked something!

[thegame86] 18/9/2020 12:00

It has a new low with r1 broken

[action] 16/9/2020 12:27

Is this going down to 126p to 134p,?

[action] 15/9/2020 16:51

Close 16.35 at 165p marked down

[action] 11/9/2020 18:29

16.35 3292 shares at 166.58p marked down from 167.90p.

[action] 07/9/2020 19:01

16.35 pm 4400 shares at 176p marked highr from 172.16p

[action] 04/9/2020 18:31

16.35pm 2518 shares at 171.50p marked higher from 269.50p

[action] 03/9/2020 17:35

16.35 1400 shares closed higher by 50p to 165p even dows sell of in close.

[diku] 29/8/2020 08:34

That rise on the closing bell will probably get reversed on Tuesday...

[action] 29/8/2020 08:04

16.35pm 4400 shares at 179.40 to make higher from 175p.

[action] 25/8/2020 16:48

16.35pm 170.74p touch lower.

[action] 24/8/2020 17:58

16.35pm 2401 shares marked up price 175.06.

[action] 21/8/2020 17:33

16.35pm 4700 marked down to 160p

[action] 19/8/2020 21:21

16.35 553 shares at 169.02p Mark it down from 173p

[action] 18/8/2020 16:08

16.35pm 200 shares at 173.90p to put price up ...

[action] 17/8/2020 18:42

26.35pm 21 shares to close touch higher 173.38p

[action] 14/8/2020 15:40

16.35 7400 shares at 170.78p. Closing lower.