Santander shares jump 7% after the lender announces a record quarter-month profit, buying 10 billion billion-micelion-micelodi-mile
A sign hangs from Banco Santander Branch in London, UK, Wednesday, February 3, 2010.
Simon Dawson | Bloomberg via Getty Images
Stocks Banco Santander He jumped after the greatest Spanish lender reported about a record profit in the fourth quarter and announced plans for 10 billion euros ($ 10.4 billion) in the purchase of shares of 2025 and 2026. Earnings and predicted excess capital.
The Bank’s net profit increased by 11% annually to EUR 3,265 billion in the fourth quarter and annually 14% to 12,574 billion euros throughout the year, as Santanger recorded the takeover of customer activities, robust margin management and growth during business – especially in retail. In 2024, the lender added eight million new customers to 173 million.
The lender shares increased 7.3% at 08:42 in London.
“We have announced record results for the third year in a row, because we continue to grow in revenue, profitability and refund,” said Santander Ana Botín Executive President Ana Botín in a statement that monitors the results, emphasizing the bank ranking to build her own technological platforms allows her to reduce her his cost to serve and improve it operational influence.
“Our records show that in the challenging market we surpass the peers and 2025. We expect to increase our line and profitability – with stable revenues and the cost of falling. And we only scratch the surface of our potential,” she said.
This news of news is updated.
