Report
Steven Gould

Santander : T3 2019 : l’opérationnel tient mais le capital crispe de nouveau…

>Opérationnel : peu de bouleversement mais l’essentiel est assuré - Santander affiche une performance opérationnelle sans accroc notable au T3 2019, trimestre de nouveau marqué par d’importants one-offs (~1.6 Md€ dont ~1.5 Md€ liés à une dépréciation partielle du GW au Royaume-Uni déjà annoncé plus tôt restructuration) - le RN publié s’inscrit à 501 M€ (+22% vs consensus), l’underlying lui ressortant supérieur de 6% aux attentes (2.14 Md€) principalement drivé par le...
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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