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Santander Reaffirms Guidance Targets, Cites Diversified Business as Buffer Against Economic Uncertainty
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Santander reaffirmed its financial targets for 2026 to 2028 on Friday, stating that despite global economic uncertainties, its diversified business model supports a strong start in 2026. The bank indicated that the positive trends from recent years have continued into the first quarter, supported by customer growth and rising income, which positions it well to achieve its 2026 targets. Costs, calculated in constant euros, are expected to decline year-on-year. Santander noted that its IT transformation led to an efficiency improvement of approximately 250 bps in the first quarter. (to/m) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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