Santander posts record earnings and holds its 2026 profit and 2028 return targets
Santander reported record underlying profit for nine months and expects more than EUR 15bn for 2026. The information comes from TradingView, citing an AI-generated summary.
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what happened
According to TradingView, Santander's underlying profit for the first nine months reached a record EUR 11.2bn. Revenue growth and transformation gains lifted its return on tangible equity (RoTE) to 16%.
The bank expects 2026 profit to exceed EUR 15bn including M&A, and projects its CET1 ratio to be above 12.8% at year-end.
why it matters
What matters for markets is the combination of rising profit and a solid capital buffer, which gives the bank more room to allocate capital to shareholders. The target of more than 20% RoTE by 2028 gives investors a benchmark for the European banking sector.
market impact
Santander shares and euro-area banks: strong results support the sector
- Santander shares pressure up — record profit and higher RoTE improve expectations for the bank's returns
tags
instruments
sources
- SAN: Record earnings and transformation gains support >EUR 15bn 2026 profit and >20% 2028 RoTE targets — TradingView, 28 October 2026 at 13:03 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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