The group released a good set of results which were in line with management’s guidance. Asset quality remained stable in all markets including the US, thus enabling the group to confirm its cost of risk guidance for the next couple of years. Earnings generation was equally spread between the Americas and Europe, while growth continued to be driven by developing countries.
26 Oct 2017
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No news is good news
Banco Santander, S.A. (BNC:LON) | 388 0 0.0% | Mkt Cap: 61,324m
- Published:
26 Oct 2017 -
Author:
David Grinsztajn -
Pages:
2
The group released a good set of results which were in line with management’s guidance. Asset quality remained stable in all markets including the US, thus enabling the group to confirm its cost of risk guidance for the next couple of years. Earnings generation was equally spread between the Americas and Europe, while growth continued to be driven by developing countries.