Banco Santander SA

SAN

Equity

ISIN ES0113900J37 / Valor 817651

BME Bolsas y Mercados Espanoles - Renta Variable (2024-12-24)

EUR 4.32-0.24%

Banco Santander SA
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About company

Banco Santander SA is a leading global financial institution with a strong presence in the international market, holding the number one spot with a total volume of USD 13.2 billion and an international market share of 12.1%. The bank's Corporate and Investment Banking division leverages its global scale and local knowledge to provide tailored financial solutions to clients operating in various sectors and markets. With a focus on transaction volumes and staying ahead of competitors, Banco Santander SA's CIB division has established itself as a key player in the financial industry.

Summarized from source with an LLMView SourceSector: Finance

Net Interest Income

Banco Santander SA reported a net interest income of EUR 11,225 million for the third quarter of 2024, reflecting a decrease of 2.2% compared to the previous quarter. However, for the nine months ending September 2024, the net interest income increased by 7.9% to EUR 34,682 million compared to the same period in 2023.

Total Income

The total income for Banco Santander SA in Q3 2024 was EUR 15,135 million, which represents a decline of 3.4% from Q2 2024. Despite this quarterly decrease, the total income for the first nine months of 2024 rose by 6.9% to EUR 45,850 million compared to the same period in the previous year.

Profit Attributable to the Parent

In the third quarter of 2024, Banco Santander SA's profit attributable to the parent was EUR 3,250 million, marking a 1.3% increase from the previous quarter. For the nine-month period ending September 2024, this profit increased by 14.3% to EUR 9,309 million compared to the same period in 2023.

Efficiency and Profitability

Banco Santander SA maintained a stable Return on Equity (RoE) of 13.4% in Q3 2024, consistent with the previous quarter. The Return on Tangible Equity (RoTE) was slightly lower at 16.7% compared to 16.8% in Q2 2024, while the efficiency ratio improved to 41.9% from 40.6% in the previous quarter.

Outlook and Market Position

Banco Santander SA's market capitalization increased by 6.2% to EUR 71,281 million as of September 2024, compared to June 2024. The bank's share price also saw a significant rise of 27.1% year-on-year, reaching EUR 4.601 by the end of Q3 2024, reflecting positive investor sentiment and a strong market position.

Summarized from source with an LLMView Source

Key figures

13.5%1Y

48.9%3Y

20.1%5Y

Performance

25.1%1Y

30.1%3Y

37.3%5Y

Volatility