The group posted stronger-than-expected third quarter results. The Q3 16 attributable profit came in at €1,695m, up 3% qoq on an underlying basis (and 2% when adjusted for FX impact). This corresponded to a stable 11% annualised ROTE. Full-year guidance has been maintained.
26 Oct 2016
Quarterly results on track
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Quarterly results on track
Banco Santander, S.A. (BNC:LON) | 388 0 0.0% | Mkt Cap: 61,324m
- Published:
26 Oct 2016 -
Author:
David Grinsztajn -
Pages:
2
The group posted stronger-than-expected third quarter results. The Q3 16 attributable profit came in at €1,695m, up 3% qoq on an underlying basis (and 2% when adjusted for FX impact). This corresponded to a stable 11% annualised ROTE. Full-year guidance has been maintained.