0627 GMT - Santander's results should be well-received by the market given that the stock has underperformed over the last month, Keefe, Bruyette & Woods says in a research note. The Spanish bank's earnings were ahead of consensus expectations on better net interest income and operating expenses, which offset higher provisions. The beats were decent, analysts write, pointing to the corporate centre, the U.S. and the U.K. units, while Santander missed in Brazil, Portugal and in its digital consumer bank. The capital ratio was also ahead of expectations at 14.4% on lower risk-weighed assets and better capital. Santander kept its guidance for the year unchanged and backed its recently-issued targets through 2028. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
April 29, 2026 02:27 ET (06:27 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments