SAN
Banco Santander SA (NYSE: SAN) reported record quarterly profit of $3.
Article Summary
HOLD- Banco Santander SA (NYSE: SAN) reported record quarterly profit of $3.8 billion, marking the best half-year performance ever, supported by strong revenue growth across global businesses supported by a 12 million increase in customers year-on-year.
- Net interest income increased 6% year-over-year, driven by margin resilience and profitable volume growth, with commercial revenue up 17% and retail revenue up 4%, with costs falling 3%.
- EBITDA margin improved to 33%, and underlying Return on Tangible Equity increased to 15.6%, with CET1 ratio remaining strong at 14%, indicating a robust capital position.
- However, loan loss provisions were impacted by portfolio deterioration in Argentina, and trading income in the Corporate and Investment Banking segment weakened due to lower volatility and business mix.
- The macroeconomic environment in Brazil remains challenging, with slower-than-expected rate normalization affecting revenues, while cost of risk remains elevated at 115 basis points slightly above the initial target of 100 to 110 basis points.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | -14.5% | 25% | 0.0 ptsDeclining (-14.5%) - NOT a growth stock |
| EPS Growth Next 5Y ? | 15.6% | 25% | 50.0 ptsMeets Minimum (15.6%) - Passes screener |
| Target Price Upside ? | 8.3% | 20% | 35.0 ptsBelow Screener (8.3%) - Target: $14.88 vs Current: $13.74 |
| Gross Margin % ? | — | 15% | 40.0 ptsNo Gross Margin Data |
| Drawdown from 52-Wk High ? | -4.5% | 15% | 20.0 ptsBarely a Dip (-4.5%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About SAN
- Banco Santander, S.A. provides various financial products and services to individuals, small and medium-sized enterprises, large corporations, and public entities worldwide.
- The company operates through five segments: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking, Wealth Management & Insurance, and Payments.
- It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.
- The company also provides credit and debit cards, real estate loans, microfinance, and auto loans; corporate and investment banking services; advice on mergers and acquisitions; wealth, asset, and risk management services; and digital payments and technology solutions.
- In addition, it is involved in the securitization, leasing, management of portfolios, e-commerce, air transport, aircraft rental, software, consulting, fund and investment management, renewable energy, vehicle rental, insurance, advertising, marketing, telemarketing, automotive, agricultural, factoring, securities brokerage and investment, pension fund management, trade intermediary, venture capital fund, renting, restaurant, electricity production, IT, internet, and financial advisory and other activities; management, and other real estate activities; and purchase and sale of vehicles.
- Further, the company offers mobile and online banking services.
- Banco Santander, S.A. was formerly known as Banco Santander Central Hispano SA and changed its name to Banco Santander, S.A. in February 2007.
- The company was incorporated in 1856 and is headquartered in Madrid, Spain.