Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on BANCO SANTANDER SA. We currently have 4 research reports from 1 professional analysts.
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BANCO SANTANDER SA
BANCO SANTANDER SA
Quarterly performance on track as planned
25 Jan 17
The group reported a good set of quarterly results. The attributable profit came out with a €1,598m profit, ahead of expectations in spite of more than €200m of extraordinary charges. Management reiterated its guidance for 2017 and 2018 after a 2016 delivery ahead of plan.
Quarterly results on track
26 Oct 16
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.
Advocated business model superiority at test
29 Jan 16
The group reported a €25m profit in the fourth quarter, hit by €1.4bn of net extraordinary charges. On an underlying basis, profit came at €1,460m, in line with consensus expectations, but helped by a low tax rate. Despite the deteriorating market conditions, management maintained its financial objectives, reiterating the superiority of its business model in this environment.
21 Dec 15
Bank of Portugal and the country’s resolution authority has decided to sell most of Banco Banif’s assets and liabilities to Banco Santander Totta for a consideration of €150m and after having injected €2,225m into the company to ensure adequate provisioning. Minority shareholders (39.5%) and subordinated creditors will be left in Banif which will retain some assets to be liquidated. The deal is not transformational for Santander. Although Banco Banif has a particularly strong presence in the archipelagos of Madeira and the Azores, it will increase Totta’s market share in loans and deposits by only 2.5% to 14.5% at a country level.
Another positive verdict
20 Mar 17
Burford’s results for 2016 produced another outstanding set of figures. Revenue grew by 60% to $163.4m with strong growth in the litigation finance business and an additional boost from a secondary sale in the Petersen case. On an underlying basis net income grew to $114m, a 75% increase despite the investment in growing capacity which increased costs. A combination of ongoing investment and gains and increases on valuation saw the fair value of the litigation assets increase 67% to $559m, underpinned by a growth in invested capital to $394m. With the results statement there was an announcement of a further sale of 9% of the Petersen case at a valuation of 20 times the cost of investment.
N+1 Singer - N1S Trend spotting - Strategy update
08 Mar 17
In this new product we present some strategy theme updates arising out of our latest analysis of macro trends and economic data and our innovative Quant work. We also look at upcoming events and suggest topping up on some of our Best Ideas for 2017.
N+1 Singer - Morning Song 22-03-2017
22 Mar 17
Carador Income Fund (CIFU LN) Premium rating restored, high levels of refinancing activity | Cello Group (CLL LN) Outlook getting brighter – watch Pulsar | Eckoh (ECK LN) Largest ever US secure payments win | eg solutions (EGS LN) Full year results in line | Futura Medical (FUM LN) Licensing deal for CSD500 in Portugal | Verona Pharma (VRP LN) Global agreement with QuintilesIMS to support development of RPL554 | Xaar (XAR LN) 2016 results slightly ahead, reduced visibility in 2017
Making Mobiles Better
17 Jan 17
Mobile phones are increasingly the key connection for the modern world. This means that the performance of mobile phones, and their networks, is going to become more critical for all the apps and businesses that rely on them. New technologies such as VR, AR, and AV will need better, more reliable connections to really move into the mainstream. In this thematic piece we attempt to identify some of the most important issues facing mobile phone networks and their users, and start to identify solutions and enablers that will solve these problems and create value by doing so.