Report
Maria Paz Ojeda
EUR 100.00 For Business Accounts Only

SANTANDER: 2Q’23 RESULTS (ANÁLISIS BANCO SABADELL)

2Q'23 vs 2Q'22 Results
N.I.I.: € 10.735 Bn (+12.4% vs. +9.3% expected and +9.3% expected by the market consensus);
Total Revenues: € 14.299 Bn (+11.6% vs. +8.9% expected and +8.8% expected by the market consensus);
Operating Profit: € 7.965 Bn (+15.2% vs. +11.7% expected and +11.4% expected by the market consensus);
Net Profit: € 2.67 Bn (+13.6% vs. +6.1% expected and +9.4% expected by the market consensus);
2Q'23 vs 1Q'23 Results
N.I.I.: € 10.735 Bn (+5.4% vs. +2.6% expected and +2.5% expected by the market consensus);
Total Revenues: € 14.299 Bn (+2.6% vs. +0.1% expected and +0.1% expected by the market consensus);
Operating Profit: € 7.965 Bn (+2.2% vs. -0.9% expected and -1.1% expected by the market consensus);
Net Profit: € 2.67 Bn (+3.9% in 1Q'23 vs. -3.0% expected and +0.1% expected by the market consensus);
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
Sabadell
Sabadell

Analysts
Maria Paz Ojeda

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