Santander surges as record profit paves was way €10bn buyback
Portfolio Pulse from
Banco Santander shares rose over 6% following the announcement of a €10 billion buyback plan, driven by a 14% increase in profit to €12,574 million and a 10% rise in revenue to €62.2 billion.
February 05, 2025 | 8:45 am
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Banco Santander's shares increased by over 6% after announcing a €10 billion buyback plan, supported by a 14% rise in profits and a 10% increase in revenue.
The announcement of a significant buyback plan typically boosts investor confidence, leading to a rise in stock prices. The record profit and revenue growth further support the positive sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100