Banco Santander Stock News

Banco Santander, S.A. (NYSE:SAN ) Q4 2024 Earnings Conference Call February 5, 2025 4:00 AM ET Company Participants Raul Sinha - Global Head, IR Ana Botín - Executive Chair Hector Grisi - CEO José García Cantera - CFO Conference Call Participants Ignacio Ulargui - BNP Paribas Marta Sanchez - Citi Francisco Riquel - Alantra Chris Hallam - Goldman Sachs Alvaro Serrano - Morgan Stanley Andrea Filt...

Santander Brasil a subsidiary of Spain's Banco Santander , reported on Wednesday a 75% jump in its fourth-quarter net profit, surpassing market expectations on the back of better spreads and increased fees.

Banco Santander reported record profit in the fourth quarter and announced plans for 10 billion euros ($10.4 billion) in share buybacks from 2025 and 2026 earnings and anticipated excess capital. The lender noted a pick-up in customer activity, robust margin management and growth across operations — particularly in the core retail business.

Banco Santander shares spiked over 6% on Wednesday after the lender unveiled plans for €10 billion (£8.3 billion) worth of buybacks on record full-year profit. Profit jumped 14% to €12,574 million in 2024 on a 10% increase in revenue to €62.2 billion, Santander reported.

The Polish unit of Santander Bank posted a 7% fall in its preliminary fourth-quarter net profit on Wednesday, hit by rising costs related to FX mortgage loans, but still beat analysts' expectations.

Spain's Santander said on Wednesday its net profit in the fourth quarter rose 11% compared to the same period in 2023 thanks to a solid performance at its retail business in Europe, mainly in Spain, and in Brazil.

Die spanische Großbank Santander ES0113900J37 hat ihren Gewinn 2024 noch stärker gesteigert als gedacht.

Die spanische Großbank Santander ES0113900J37 hat ihren Gewinn 2024 noch stärker gesteigert als gedacht.