Banco Santander Profit Rises on U.K., Spain Recovery
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Banco Santander SA, Spain’s biggest-bank, said second-quarter profit rose 38 percent, beating analyst estimates, helped by the U.K. and a recovery in its home market.
Net income climbed to 1.45 billion euros ($1.94 billion), the highest in the last nine quarters, from 1.05 billion euros a year earlier, the Santander, Spain-based lender said today. Earnings compared with the 1.36 billion-euro average estimate in a Bloomberg survey of 13 analysts.