Santander : A generally solid end to 2020… 2021 set to remain uncertain!
>Operations – fairly solid underlying performance vs sizeable one-offs - Santander posted an operating performance without any notable hiccups in Q4 2020, with underlying net income even beating forecasts at € 1.42bn (consensus € 1.26bn), in a quarter that was again marked by significant one-offs (~€ 1.2bn including ~€ 1.0bn relating to restructuring charges, mainly in Spain and the UK). Reported net income came in below forecasts at € 277m (consensus € 505m).Our...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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