April 30, 2024 05:47 GMT
Santander 1Q24: Looks Inline, Guidance Unchanged
FINANCIALS
Santander 1Q24 headlines (SANTAN: A2 pos/A+/A) look inline with expectations, equity has outperformed YTD into these results, though (spreads have tracked €IG banks).
*SANTANDER 1Q NET LOAN-LOSS PROVISION EU3.13B, EST. EU3.2B
*SANTANDER 1Q NET INCOME EU2.85B, EST. EU2.89B
*SANTANDER 1Q NET INTEREST INCOME EU11.98B, EST. EU11.49B
*SANTANDER 1Q CET1 RATIO FULLY-LOADED 12.3%, EST. 12.3%
*Santander Says It Is on Track to Meet Its 2024 Targets
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