Report
Steven Gould

Santander : Enfin convaincant sur l’opérationnel ET le capital !

>Opérationnel : globalement bien orienté et en phase avec la stratégie - Dans un trimestre marqué de nouveau par plusieurs éléments exceptionnels (impact positif de 711 M€, dont la plus-value réalisée sur le deal sur les activités de custody), Santander affiche une performance opérationnelle de bonne facture au T4 2019. Le RN underlying s’inscrit à 2.07 Md€ (+11% vs consensus).La publication vient conforter le momentum favorable déjà observé au T3 sur plusieurs ...
Underlying
Banco Santander S.A.

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Steven Gould

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