- Santander’s net income for the fourth quarter was €3.27 billion, surpassing estimates of €2.93 billion.
- The bank’s net provision for loan losses came in at €3.11 billion, lower than the projected €3.25 billion.
- Total income for the quarter reached €16.03 billion.
- The fully-loaded CET1 ratio was at 12.8%, exceeding the expected 12.5%.
- Operating expenses amounted to €6.77 billion, slightly higher than the anticipated €6.6 billion.
- Underlying operating income was reported as €9.25 billion, ahead of the predicted €8.7 billion.
- Underlying pretax profit stood at €4.60 billion, beating the forecast of €4.49 billion.
- Analysts’ recommendations consisted of 23 buys, 6 holds, and 1 sell.
A look at Banco Santander Sa Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
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 showcases a promising long-term outlook. The company receives high scores across key factors, including Value, Dividend, Growth, and Momentum, indicating strength in these areas. With a top score in Value, Banco Santander SA is considered attractively valued compared to its peers. Additionally, solid scores in Dividend and Growth suggest the company’s ability to generate consistent returns and drive expansion over time. Momentum further supports this positive trajectory, indicating a favorable market sentiment towards Banco Santander SA. However, a lower score in Resilience signals a potential vulnerability to market disruptions, highlighting an area for improvement.
Banco Santander SA, a leading banking institution, attracts deposits and provides a wide range of financial services, including retail, commercial, and private banking, as well as asset management. The company’s diverse offerings encompass consumer credit, mortgage loans, investment banking services, insurance, and more. With a focus on meeting various financial needs, Banco Santander SA stands out for its comprehensive services and expertise in areas such as structured finance and M&A advice. The strong performance in Value, Dividend, Growth, and Momentum positions Banco Santander SA well for sustained growth and value creation in the long run, despite the resilience score indicating room for enhancement in managing market risks.
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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