Banco Santander (ES:SAN) has released an update.
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Banco Santander reported a robust 14% increase in profits, reaching €9.309 billion in the first nine months of 2024, driven by strong revenue growth across global businesses and effective cost management. The bank’s earnings per share rose 19% and net interest income was up 8%, highlighting its successful transformation and strategic execution amid a volatile geopolitical environment. Santander’s diversified business model continues to enhance profitability and value creation for shareholders, as evidenced by a return on tangible equity of 16.2%.
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