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Banco Santander director purchases significant shareholding signaling market confidence

Banco Santander director Glenn Hutchins has acquired 137,835 shares at a price of 7.205 USD each, reflecting confidence in the company's future. This transaction was executed through a JP Morgan brokerage account in New York. Banco Santander, a major global financial institution, offers a variety of banking services and has a market cap of £81.59B.

santander reports profit growth and reaffirms 2025 targets amid uncertainty

Santander anticipates profit growth in Q1 2025, projecting a return on tangible equity of 15.7% and a CET1 ratio of 12.9%, while reaffirming its full-year goals despite global economic uncertainty. The bank's revenues are expected to reach €62 billion, with stable credit quality and a focus on efficiency through its "ONE Transformation" plan. Shareholders will vote on a final cash dividend of 11 euro cents per share and the re-election of key board members, as Santander continues to navigate economic challenges and enhance growth.

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