Banco Santander SA
SAN
ISIN US05964H1059 / Valor 711583
Banco Santander SA
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About company
Banco Santander SA is a global banking institution that aims to serve as a leading open financial services platform. With a focus on customer satisfaction and digital innovation, the bank seeks to provide simple, personal, and fair financial solutions to individuals and businesses. Santander operates on a model built around three core pillars: customer focus, scale, and diversification. The bank has significantly expanded its customer base, boasting 165 million total customers and 100 million active customers as of the second half of 2023. It emphasizes digital banking alongside its physical branches, aiming to enhance customer experience across various channels. Santander's operations are characterized by a mix of local and global scale, with significant market presence in loans and deposits across its core markets. Additionally, the bank benefits from a diversified portfolio, balancing its presence between developing and mature markets and catering to a wide range of customer segments including individuals, SMEs, mid-market companies, and large corporates. This strategic approach has contributed to Santander's resilience and competitive strength in the financial services sector.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (20.08.2024):
Attributable Profit
Banco Santander SA reported an attributable profit of €6.1 billion for the first half of 2024. This represents a significant increase compared to the same period in the previous year, highlighting the bank's strong financial performance.
Return on Tangible Equity (RoTE)
The bank achieved a Return on Tangible Equity (RoTE) of 15.9% in H1 2024. This figure rises to 16.3% when annualizing the impact of a temporary levy, indicating robust profitability and efficient capital utilization.
Efficiency Ratio
Banco Santander SA's efficiency ratio for the first half of 2024 stood at 41.6%. This metric reflects the bank's ability to manage its operating expenses relative to its income, showcasing operational efficiency.
Fully Loaded Common Equity Tier 1 (CET1)
The bank's Fully Loaded Common Equity Tier 1 (CET1) ratio was 12.5% as of June 2024. This ratio is a key indicator of the bank's financial strength and its ability to absorb potential losses.
Earnings Per Share (EPS)
Banco Santander SA reported an Earnings Per Share (EPS) of €36.7 cents for the first half of 2024. This metric provides insight into the profitability of the bank on a per-share basis, reflecting value creation for shareholders.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
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Market cap (USD)
72,121
Daily traded volume (Shares)
4.5 / 4.485
1 day high/low (USD)
52 weeks high/low (USD)
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EPS (USD)
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Ratings & reviews
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