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Santander beats analyst expectations with 58% net profit jump for Q1
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fnlondon.comBanco Santander’s net profit increased by more than expected in the first quarter as higher revenue offset a rise in loan-loss provisions.
The Spanish bank — one of the eurozone’s largest lenders — said on 26 April that it posted a quarterly net profit of €2.54bn ($2.72bn), a 58% increase from the same period a year earlier, and backed its targets for the full year.
Analysts...
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