Santander : Good Q2 2019 figures where it counts!
>Very respectable operating figures - Santander’s reported Q2 2019 figures confirmed the relative solidity of its operating performance in Q1 with net profit of € 2.1bn, comfortably higher than forecast (underlying, +12% vs consensus). After the quarter’s significant one-off items (including restructuring charges of around € 0.6bn), net profit is still 10% higher at € 1.4bn. The release contained a number of positive messages, i.e. 1/ better-than-expected resilie...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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