US Stock Movement | Santander Bank up nearly 3% pre-market as Q4 results beat expectations and plans to repurchase 5 billion euros in shares

Glonghui, February 4th｜Santander Bank (SAN.US) rose nearly 3% in pre-market trading, quoted at $12.59. According to reports, Santander Bank's revenue in the fourth quarter of last year increased slightly by 1% year-on-year to 16.11 billion euros, and net profit grew by 15% year-on-year to 3.76 billion euros, both exceeding analysts' expectations. The company's board of directors approved a 5 billion euro share buyback plan. In addition, Santander Bank unexpectedly announced the acquisition of Webster Financial Corporation in the United States for $12.3 billion to expand its influence in the US market. (Glonghui)