0748 GMT - Santander posted a strong set of fourth-quarter results alongside guidance for 2025 and plans for capital returns to shareholders that are better than expected, Barclays's Cecilia Romero Reyes and Paola Sabbione say in a research note. The Spanish bank reported quarterly net profit and revenue that exceeded consensus forecasts, with results in Spain, Mexico, Brazil and the U.S. that were better than anticipated, Barclays says. The group's 2025 target for return on tangible equity--a profitability measure--of more than 17% is at the high end of previous guidance. Moreover, its intention to return 10 billion euros through buybacks is ahead of consensus expectations of 6 billion euros, according to Barclays. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
February 05, 2025 02:48 ET (07:48 GMT)
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