HALISTER: Santander 3Q Net Beats Estimate; CET1 Fully Loaded 10.47%

Santander 3Q Net Beats Estimate; CET1 Fully Loaded 10.47%

(Bloomberg) -- Santander 3Q net EU1.695b vs est. EU1.54b.
  • Santander 9m net EU4.6b; est. EU4.45b
  • Santander 3Q NII EU7.8b
  • Santander bad loans ratio 4.15% vs 4.29% in June
  • CET1 Fully Loaded 10.47% vs 10.36% in June
  • Santander comments in regulatory filing
  • PREVIEW here
  • Conf. call at 10am CET
    • Webcast link
  • Related
    • Banco Santander is trading on 10.3x next year’s earnings vs 10.7x for the Stoxx 600 Banks index according to Bloomberg data
    • Of 36 analyst ratings, 14 are buy, 17 hold, 5 sell, with an average PT of EU4.3 implying ~-3% downside
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
SAN SM (Banco Santander SA)

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