Banco Santander 9-Month Profit Rises 4.9% on Income, Cost Gains

Vale ADR reported better-than-expected third quarter earnings with EPS of $0.63 and revenue of $10.42 billion, highlighting strong financial health and a stock price increase of over 22% in the past three months. Banco Santander posted a 4.9% rise in profit before tax for the first nine months of the year, driven by higher income and lower expenses, with net income increasing to €10.3 billion. Santander's third quarter net profit beat forecasts due to U.S. lending growth and efficiency gains, although currency depreciation in South America, particularly Brazil and Argentina, pressured profits. The bank's geographic diversification supports stability amid global uncertainty, and it remains on track to meet its full-year profitability and revenue targets. While net interest income fell slightly, fee income grew, and Santander's shares have risen significantly this year. Overall, both Vale and Santander demonstrate robust earnings performance and positive outlooks despite some regional challenges.