The quarterly results, which were in line with expectations, showed improved underlying profitability driven by a benign (and probably unsustainable) cost of risk and further reduction in capital intensity. Management reiterated its full-year guidance including notably the commitment to a (probably low) double-digit EPS growth.
25 Jul 2018
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No news is good news
Banco Santander, S.A. (BNC:LON) | 387 9.7 0.7% | Mkt Cap: 61,205m
- Published:
25 Jul 2018 -
Author:
David Grinsztajn - Pages:
The quarterly results, which were in line with expectations, showed improved underlying profitability driven by a benign (and probably unsustainable) cost of risk and further reduction in capital intensity. Management reiterated its full-year guidance including notably the commitment to a (probably low) double-digit EPS growth.