Banco Santander Shares Fall Following Lower Q3 Profits Due to Impairments and Integration Costs
Banco Santander (SAN) shares experienced a significant decline in pre-market trading on Wednesday, dropping 4.17% to $11.95. The sell-off follows the release of third-quarter financial results which showed a sequential decrease in profit. The earnings decline was primarily driven by higher integration costs and impairments related to intangible assets. Despite these headwinds, the company reported an earnings per share (EPS) of €0.23, which exceeded certain expectations.
Tickers: $SAN