Banco Santander Posts Rise In Q1 Profit

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Banco Santander, S.A. (ADR)SAN
reported a gain in its net profit for the first quarter. Banco Santander's quarterly net profit surged to EUR1.72 billion ($1.87 billion), versus a year-ago profit of EUR1.3 billion. EPS surged to 0.121 euro from 0.113. Its net interest income climbed to EUR8.04 billion, versus EUR6.99 billion. Revenue climbed 13 percent in the quarter, while lending increased 14 percent. Banco Santander shares rose 2.06 percent to $7.44 in pre-market trading.
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Posted In: EarningsNewsprofit
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