Market Overview

Santander Q3 Net Profit Drops 94%

Related SAN
Banco Santander (SAN) Wins Auction to Acquire Banco Popular
ICICI Bank (IBN) Poised for Growth Amid Rise in Retail Loans

Banco Santander SA (NYSE: SAN) reported a 94% drop in its third-quarter profit.

Santander's quarterly net profit fell to EUR100 million ($129.7 million), from EUR1.8 billion, in the year-ago period. However, analysts were expecting a profit of EUR1.23 billion.

Santander's net profit in the nine-month period declined 66% to EUR1.8 billion.

Santander shares closed at $7.50 yesterday.

Posted-In: profitEarnings News


Related Articles (SAN)

View Comments and Join the Discussion!