Renta 4 Banco, S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 21, 2022 at 07:23 am EST
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Renta 4 Banco, S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net income was EUR 2.33 million compared to EUR 4.44 million a year ago.
For the nine months, net income was EUR 15.28 million compared to EUR 17.04 million a year ago. Basic earnings per share from continuing operations was EUR 0.38 compared to EUR 0.42 a year ago.
Renta 4 Banco SA is a Spain-based financial institution principally engaged, through its subsidiaries, in the investment banking sector. The Bank divides its activities into three main areas: Brokerage Services, which involves the sale and purchase of securities in the domestic and international markets, as well as the sale of Collective Investment Institutions (CIIs) and Pension Plans; Asset Management, which involves CII, Pension Fund and Private Wealth management; and Corporate Services, which includes security and CII custodian services, corporate advice, public debt management, the underwriting and placement of issues and public offers, the outsourcing of various services and other corporate services. The Bank operates a network of branches located nationwide, as well as it ownes such subsidiaries as Renta 4 Sociedad de Valores SA, Renta 4 Aragon SA, Renta 4 Huesca SA and Renta 4 Pensiones EGFP SA, among others.