Layer3.news

SANTANDER BOOKS RECORD Q3 PROFIT AS STRONG US UNIT OFFSETS WEAKER BRAZIL

https://media.zenfs.com/en/reuters.com/d74c85e64e6a487553c7bb8a6ae842d9

✍️ Spain's Santander bank reported a 7.8% year-on-year rise in its third-quarter net profit, driven by a strong performance in its U.S. business.

👉 Santander's net profit rose 7.8% year-on-year to 3.5 billion euros 👉 U.S. business saw a 64% increase in underlying net profit 👉 Lending income declined 1.1% 👉 Fees and revenues rose 4.3% and 0.87%, respectively 👉 Bank expects to meet 2025 targets and deliver further profitable growth

-- #AnaBotin #Spain #Madrid #Brazil #UnitedStates #business

SANTANDER BEATS THIRD QUARTER FORECASTS ON US GROWTH

https://media.zenfs.com/en/reuters.com/f914e44929c21e660d55ef57f599a886

✍️ Santander's third-quarter net profit beat forecasts due to lending growth in the US and efficiency gains, despite weakness in Brazil.

👉 Santander's net profit rose 4% in the third quarter 👉 Lending growth in the US and efficiency gains contributed to the increase 👉 Weakness in Brazil offset the gains 👉 Geographical spread and digital transformation helped the bank's results 👉 Santander expects to meet its full-year profitability and revenue targets

-- #AnaBotin #JoseGarciaCantera #MADRID #Spain #Brazil #Argentina #UK #business

BOTIN: OPENBANK IS A 'MAJOR STEP' FOR US STRATEGY

https://s.yimg.com/ny/api/res/1.2/bKTeOByFPOztlVkc86NieA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzU-/https://cf-images.us-east-1.prod.boltdns.net/v1/jit/6415665815001/b21f61da-8c20-4e1c-a11e-22100fdcbb2c/main/1280x720/1m16s347ms/match/image.jpg

✍️ Ana Botin, Executive Chair of Banco Santander, discusses Openbank's impact on their US strategy and its benefits for shareholders.

-- #AnaBotin #SonaliBasak #business

BANCO SANTANDER, S.A. (SAN) IS A EUROPEAN BANK THAT’S NOT A LOSER, SAYS JIM CRAMER

https://s.yimg.com/ny/api/res/1.2/b9MdZW__VVrMfsQ8dLWycQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzM-/https://media.zenfs.com/en/insidermonkey.com/63845b170c1b45a8e27da7362ec11a4c

✍️ Jim Cramer praises Banco Santander, S.A. (NYSE:SAN) as one of his favorite European and banking stocks, citing its strong earnings and growing interest in European markets.

👉 Banco Santander, S.A. (NYSE:SAN) is one of Jim Cramer's favorite European and banking stocks 👉 The shares have gained 89% year-to-date 👉 Cramer attributes the stock's success to strong earnings and growing interest in European markets 👉 Ana Botin has built a powerhouse through her embrace of technology and knowledge of the consumer worldwide

-- #JimCramer #AnaBotin #business

SANTANDER NAMES RILEY AS CEO OF SANTANDER US, PART OF WIDER RESHUFFLE

https://media.zenfs.com/en/reuters-finance.com/e264f9e0e1412941d09dd3b75904d823

✍️ Christiana Riley will succeed Tim Wennes as CEO of Santander in the US, as part of the bank's global restructuring.

👉 Christiana Riley will succeed Tim Wennes as CEO of Santander in the US 👉 Santander is eliminating three regional divisions in Europe, North America, and South America 👉 The bank is focusing on five global units: retail, consumer, payments, wealth, and corporate and investment banking 👉 Santander is expanding its footprint in the US, particularly in corporate and investment banking 👉 The bank is reviewing its British presence

-- #ChristianaRiley #TimWennes #AnaBotin #HectorGrisi #AndresTrautmann #RomanBlanco #Madrid #US #Europe #NorthAmerica #SouthAmerica #UK #Chile #business

BOTIN’S COSTLY CREDIT SUISSE HIRING SPREE IS RESHAPING SANTANDER

https://media.zenfs.com/en/bloomberg_markets_842/f5283e8f3bb90b167401d5c6ad61aad6

✍️ Banco Santander SA is expanding its investment banking business in the US, hiring former Credit Suisse bankers and increasing its deal volume.

👉 Santander has hired dozens of former Credit Suisse bankers to lead its investment banking efforts 👉 The bank has increased its deal volume, with over 100 deals already this year 👉 The new recruits are making inroads into businesses such as leveraged finance 👉 Some of the new hires' pay packages have exceeded those of longtime staffers, causing consternation at the firm

-- #AnaBotin #SteveGeller #JeffCohen #DavidHermer #EmilioBotin #JoseLinares #HectorGrisi #OklahomaCity #Tulsa #Spain #US #UK #Mexico #Brazil #Chile #Poland #mainstream #business