- Santander’s net income for the second quarter was €3.43 billion, closely matching the estimated €3.45 billion.
- The net provision for loan losses was reported at €3.02 billion, slightly less than the estimated €3.07 billion.
- Total income for the quarter reached €15.47 billion, just short of the estimated €15.56 billion.
- Operating expenses were €6.38 billion, lower than the forecasted €6.5 billion.
- Underlying operating income came in at €9.10 billion, slightly exceeding the estimate of €9.07 billion.
- Underlying pre-tax profit was €5.12 billion, which was close to the expected €5.18 billion.
- The investment community’s consensus included 21 buy, 6 hold, and 2 sell recommendations.
Banco Santander Sa on Smartkarma
Independent analyst Jesus Rodriguez Aguilar recently published a bullish analysis on Banco Santander Sa on Smartkarma. In the report titled “€10bn Share Buyback,” Rodriguez Aguilar highlights the bank’s strong 2024 financial performance, which includes a record net profit of €12.57 billion, 8% revenue growth to €62.2 billion, and a buyback plan aimed at boosting EPS and share price. The buyback, representing 13.3% of the market cap, is expected to raise EPS, enhance valuation, and support the share price. Furthermore, Santander’s robust capital and profitability metrics, including a CET1 ratio of 12.8% and RoTE of 16.3%, underscore its ability to create sustained long-term value.
A look at Banco Santander Sa Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Banco Santander SA seems to have a promising long-term outlook. With solid scores in value, growth, and momentum, the company appears well-positioned to deliver positive returns for investors. The bank’s focus on providing a range of banking and financial services, including consumer credit, mortgage loans, and investment banking, highlights its diverse revenue streams and potential for future growth.
While Banco Santander SA received slightly lower scores in dividend and resilience, the overall picture suggests a company with strong fundamentals and growth prospects in the banking sector. Investors may find the combination of value, growth, and momentum scores appealing, indicating a potentially attractive opportunity for long-term investment.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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