Banco Santander-Chile (ADR) (BSAC) Releases Earnings Results, Misses Expectations By $-0.23 EPS

Banco Santander-Chile (ADR) (BSAC) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.40 earnings per share for the quarter, missing the analyst consensus estimate by $-0.23. Analysts had a consensus of $0.63. Analysts expectations of $436831.20 million. During the same quarter in the previous year, the company posted $0.47 EPS.

Banco Santander-Chile (ADR) closed down -0.19 points or -0.93% at $20.23 with 4,70,423 shares getting traded on Thursday. Post opening the session at $20.39, the shares hit an intraday low of $20.05 and an intraday high of $20.41 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Banco Santander-Chile is a Chilean bank. The Company provides commercial and retail banking services to its customers. Its commercial and retail banking services include Chilean peso and foreign currency denominated loans to finance a range of commercial transactions trade foreign currency forward contracts and credit lines and a line of retail banking services including mortgage financing. It divides its clients into four groups: Individuals and Small and mid-sized (SMEs) Companies and Institutions Global Banking and Markets and Corporate Activities (Other). The Company has operating segments within each group such as Individuals and Small and mid-sized (SMEs) group includes the Santander Banefe Commercial Banking and SMEs segment; Companies and Institutions group includes Middle Market Real Estate Large Corporations and Institutions segments and the Global Banking and Markets group includes Corporate and Treasury segments.

Banco Santander-Chile (ADR)

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