Santander : 2018 targets met - focus now on April’s CMD
>Broadly reassuring Q4 2018 publication - Santander turned in a relatively solid performance in Q4 2018, reporting net profit of € 2.07bn (+8% vs consensus) and PBT of € 3.55bn (+2% vs consensus) with the publication marked by the absence of notable one-off items.Interest income = € 9.06bn (+2% vs consensus, +3% q-o-q) – continuation of favourable momentum initiated in Q3 (volumes + spreads).Fees = € 2.96bn (+2% vs consensus, +3% q-o-q and +9% y-o-y) – busin...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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