Banco Santander Reports Earnings

Banco Santander Reports Earnings

Spanish lender Banco Santander reported a 7.7% YoY growth in net consolidated profits to €2.7bn ($2.75bn) for Q2. The bank’s net interest income rose 16% YoY to €9.6bn ($9.8bn) and net fee income rose 16% to €3bn ($3.1bn). Net loan loss provisions were 49.6% YoY...
UBS, Santander Report Strong Results

UBS, Santander Report Strong Results

UBS reported a Q1 2022 net profit of $2.1bn, a 17% YoY rise. This follows a drop in Q4 net profit to $1.35bn at the end of the last year. Reuters notes that this is UBS’s best first quarter profit in 15 years. The results came despite its large Global Wealth...
Banco Santander Reports Earnings

Banco Santander and UBS Report Solid Results

Banco Santander reported its most profitable quarter in 12 years with attributable and underlying profits of €2.3bn, up 5% YoY. Annually, attributable profit stood at €8.1bn vs. €8.8bn loss in 2020. The strong results were driven by a rebound in economic activity,...
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