Banco Santander's franchise strength will come to the fore if interest rates normalise.
Narrow-moat Santander reported solid second-quarter 2018 results with net attributable profit growth of 14% compared with second-quarter 2017, excluding a EUR 300 million nonrecurring restructuring charge related to the integration of Banco Popular. We anticipated that the consolidation of Banco Popular would have a more material impact on the group's efficiency ratio. We increase our estimates for full-year earnings for 2018 by 10% to reflect the better-than-anticipated efficiency, and we maint...Banco Santander is a holding company, providing a range of financial products. Co.'s products and services include: retail banking business that covers all customer banking businesses; wholesale banking business; as well as asset management and insurance business. Co.'s principal operations are in Spain, the U.K., Portugal, Germany, Italy and Latin America. As of Dec 31 2014, Co.'s total assets amounted to Euro1,266,296,000,000 and total customer deposits amounted to Euro647,627,000,000.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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