Divi credited less 20% tax in isa as well |
I wonder when they will announce the share buy backs commencing?
I was hoping they would have done it by now but Santander do seem to take their time. |
Divi credited |
Market Makers need stock. They have nearly EUR1Billion coming to buyback...
FTSE up +107 points currently but Santander going nowhere today... |
Ex-Div Payment on Wednesday -- then another Eur979M buyback starting. Lets hope this time the buybacks support the share price and drive it back up to where it should be... 300 region |
75 basis points increase. NII just increased +60% -- KACHING... |
Think how good their results are and that's before the ECB start rallying their interest rates... |
Good timing |
That's the LSE.
They will first scare PI's to sell their shares then they will raise the price again.
Crazy to be down -4% on such great results
I just bought a bunch 225.75 and will hold... |
And still it is down. Do not get it |
Great results and NII will only increase profits further as interest rises further...
• In the third quarter alone, attributable profit was €2,422, up 11% year-on-year
Santander reports attributable profit of €7,316 million for the first nine months of 2022, up 25% |
After every update it goes down. |
Trading update on Wednesday |
Nice bounce b4 exd next week |
Divi 5.83 euro exd 31st oct22 |
At best is trading share. MM darling is Natwest. |
 Firm share price since the european base rate hike.
And this extract from a recent article.
----- Today’s most important ECB announcement was not the 75 bps hike.
Instead, it was the sneaky wink to European excess liquidity and the banking sector.
In 2020-2021, European banks borrowed more than EUR 2 trillion from the ECB via the so-called TLTRO operations.
The borrowing conditions were extremely advantageous with interest rates as low as -1% for the Jun20-Jun22 period and after that equivalent to the average ECB deposit rate throughout the lifetime of the TLTRO operation.
Please notice: that’s the average between -50 bps (ECB depo until Jun22) and the new prevailing ECB depo from now onwards.
Now, there are roughly 2 more years to go before these TLTRO loans mature but banks could in principle opt to repay early - hence reducing the ECB balance sheet.
Today, the ECB gave a nice incentive to banks NOT to repay these loans though:
The funding costs are low: they were locked for Jun20-Jun22 at -1% for basically all banks, and going forward they will be equivalent to the average ECB depo rate between Jun22 and the maturity of the TLTRO loan.
Looking at market-implied forwards, that means roughly 25/50 bps borrowing costs ahead.
But on the investment side, banks will be making good money: if they merely park the excess reserves they borrow back at the ECB, according to the same market-implied forwards they will be making on average 125/150 bps!
With such an incentive schemes, it’s very likely European banks won’t be repaying these loans. |
Will catch up not you comparing it |
That is HL says as well. LOL. |
Bo Ireleand up 7.5% Santander up 0.7%. Jeez !!! |
Broken 210p. |
High of the day and above 210p |
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