Banco Santander reported record profit in the fourth quarter and announced plans for 10 billion euros ($10.4 billion) in share buybacks from 2025 and 2026 earnings and anticipated excess capital. The lender noted a pick-up in customer activity, robust margin management and growth across operations — particularly in the core retail business.
Banco Santander's shares rose more than 6% on Wednesday after the bank announced a €10 billion (£8.3 billion) buyback plan following its record full-year profit. The bank's profit increased by 14% to €12,574 million in 2024, with revenue also up by 10% to €62.2 billion.
On Wednesday, the Polish branch of Santander Bank reported a 7% decrease in its initial net profit for the fourth quarter, affected by increasing expenses linked to foreign exchange mortgage loans. However, the results were better than what analysts had predicted.
On Wednesday, Spain's Santander announced that its net profit for the fourth quarter increased by 11% compared to the same time in 2023. This growth was driven by strong results in its retail operations in Europe, especially in Spain, as well as in Brazil.
The Dow Jones Industrial Average had a strong beginning this year. This well-known index, made up of 30 large companies from various sectors, increased by 4.7% in January. Although not every stock in the Dow performed well, five specific stocks from different sectors significantly exceeded the index's performance.
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) has announced that its Chairman and CEO, Ron O'Hanley, will speak at the UBS Financial Services Conference in Miami, FL on Tuesday, February 11, 2025, around 10:30 am ET. You can listen to the event live through an audio webcast on State Street's Investor Relations website at https://investors.statestreet.com/. A recorded version will also be available on the website later that day.
NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) has shared information about the tax treatment for its class A common stock dividends for 2024. The table below outlines the dividend payments for BXMT's class A common stock for the tax year ending December 31, 2024. It includes details on various types of distributions and their classifications.
This Analyst Blog features Alphabet, Blackstone, KLA, and Crawford United.
Users of Zacks.com have been paying a lot of attention to JPMorgan Chase & Co. (JPM) lately. Therefore, it's important to understand the information that could influence the future of the stock.
Selene Chong, the deputy global head of equities at HSBC, is stepping away from her position, according to two sources familiar with the situation, as reported by Reuters. This is part of a series of recent changes in senior leadership at the bank, which focuses on Asia.