Santander Beats Profit Estimates Amid Signs of Interest Drop Cost cutting helps Spanish lender adjust to lower rates
Botin says bank will continue momentum this year, into 2025
Banco Santander SA posted better-than-expected profit in the third quarter, as the lender sees progress in adjusting to lower interest rates.
The Madrid-based bank posted net income of €3.25 billion ($3.5 billion) in the three months to September, according to a regulatory filing Wednesday. While net interest income gained from a year earlier, it dipped 2% from the previous three months, missing estimates. Fee income also slipped in the period.
ChatGPT翻譯：
桑坦德銀行在利率下降的跡象下超越盈利預期
削減成本幫助西班牙貸方適應較低利率
博廷表示，銀行將在今年持續推動增長勢頭，並延續至2025年
桑坦德銀行（Banco Santander SA）在第三季度公布了超出預期的盈利，因該銀行在適應較低利率方面取得進展。
根據週三的監管文件顯示，這家總部位於馬德里的銀行在截至9月的三個月內實現了32.5億歐元（35億美元）的淨收入。儘管淨利息收入較去年同期有所增加，但與前一季度相比下降了2%，低於預期。同時，該季度的費用收入也有所下滑。