SC - Why Shares of Santander Consumer USA Holdings Are Trading Higher Today
Shares of Santander Consumer USA Holdings (NYSE: SC) traded as much as 11.4% higher this morning after the auto lender reported earnings that beat consensus estimates. It received some good regulatory news as well.
Santander recently reported net income of roughly $521.5 million, or $1.70 earnings per diluted common share, roughly 295% higher than the fourth quarter of 2019. For the full year, earnings in 2020 came in roughly flat compared with 2019. Both fourth-quarter and full-year earnings beat consensus estimates handily.
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Why Shares of Santander Consumer USA Holdings Are Trading Higher Today