Santander : Work in progress…
>Operational performance: the main points are confirmed - Santander has reported relatively solid Q1 2019 results, in our opinion, with net profit of € 1.84bn (+3% vs consensus) and underlying profit before tax of € 3.68bn (+3% vs consensus) driven by tight cost controls and a lower-than-expected cost of risk.A broadly confident message from management despite an environment that has been acknowledged as being challenging YTD – confirmation of guidance/targets wh...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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