Santander will lead the rise in profits of a soaring European banking sector
UBS and Deutsche Bank highlight the transformation of the group with its new strategy and believe that the purchases of Webster and TSB will add potential to their results.
UBS and Deutsche Bank are optimistic about the future prospects of Banco Santander, citing its new strategy and recent acquisitions of Webster and TSB. They expect Santander to lead in profit growth among European banks, with a predicted 48% increase in earnings per share by 2028. This growth is expected to be driven by rising interest rates, low delinquency rates, and high financing needs.
Santander's transformation and acquisitions are seen as key factors in its success, with UBS predicting that it will more than double the average growth of major European banks' earnings per share between 2026 and 2028.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
