Report
Steven Gould

Santander : Q3 2019: operating trends holding up but capital position a focus again …

>Operating trends: limited surprise but essential is assured - Santander's operating performance contained no major slip-ups in Q3 2019, in a quarter once again marked by significant one-offs (around € 1.6bn, with around €1.5bn relating to the partial goodwill impairment in the UK already announced for restructuring) - reported net income came in at € 501m (+22% vs consensus), with the underlying figure 6% ahead of expectations (€ 2.14bn), mainly driven by trading rev...
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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