Santander quarterly profit rises on U.K., Spanish recovery

BANCO SANTANDER SA on Thursday reported second-quarter net income of $1.94 billion, a 38 percent increase over the $1.41 billion for the same period last year. / BLOOMBERG FILE PHOTO/ANGEL NAVARRETE
BANCO SANTANDER SA on Thursday reported second-quarter net income of $1.94 billion, a 38 percent increase over the $1.41 billion for the same period last year. / BLOOMBERG FILE PHOTO/ANGEL NAVARRETE
MADRID – Banco Santander SA, Spain’s biggest bank, said second-quarter profit rose 38 percent, beating analyst estimates, helped by the U.K. and a recovery in its home market. Net income climbed to 1.45 billion euros ($1.94 billion), the highest in the last nine quarters, from 1.05 billion euros ($1.41 billion) a year earlier, the Santander,…

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