1/29/2020, 6:56 AM (Source: TeleTrader)
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Santander reports profit of €2.8B in Q4, beats expectations

Banco Santander said on Wednesday that its attributable profit in the fourth quarter of 2019 amounted to €2.8 billion, rising 35% from the same quarter a year ago. Meanwhile, total income remained unchanged in the same period at €12.3 billion while earnings per share were €0.16.

The bank's total income in the full-year 2019 was €49.2 billion as it rose 1.7% from 2018. However, attributable profit to parent fell 16.6% year-on-year to €6.5 billion while EPS fell 19.4% since last year to €0.36.

CEO Ana Botin said: "We are well on track to achieve our medium-term goals and expect to deliver high single digit average annual earnings per share growth over the next three years, while continuing to invest for the future. As a result of the very strong performance we are proposing to increase our cash dividend per share again this year, meaning that cash DPS has more than doubled since 2014."

Baha Breaking News (BBN) / VP