FRANKFURT--The following is a summary of analysts' forecasts for Banco Santander SA (SAN) first-quarter results, based on a poll of six analysts conducted by Dow Jones Newswires (figures in million euros, EPS and target price in euro, according to IFRS). Earnings figures are scheduled to be released April 29.

=== 
                  Net int.  Gross oper.  Net attrib. 
1st Quarter        income       income       profit     EPS 
 
AVERAGE             6,465        9,716        1,268    0.10 
Prev. Year          6,652       10,290        1,205    0.12 
+/- in %             -2.8         -5.6         +5.2     -14 
 
MEDIAN              6,325        9,650        1,254    0.10 
Maximum             6,995       10,032        1,525    0.12 
Minimum             6,214        9,416        1,030    0.09 
Amount (a)              4            5            6       3 
 
Bankhaus Lampe         --        9,650        1,030    0.09 
Berenberg           6,339        9,955        1,425    0.12 
Citigroup           6,310        9,527        1,264      -- 
Deutsche Bank       6,214        9,416        1,119    0.10 
Societe Generale       --           --        1,243      -- 
 
            Target price  Rating 
 
AVERAGE             6.28  positive 0 
Prev. Quarter       6.27  neutral  2 
+/- in %            +0.1  negative 1 
 
MEDIAN              6.15 
Maximum             6.80 
Minimum             6.00 
Amount                 4 
 
Bankhaus Lampe      6.00  Sell 
Citigroup           6.80  -- 
Deutsche Bank       6.20  Hold 
Societe Generale    6.10  Hold 
=== 

Year-earlier figures are as reported by the company.

(a) Including anonymous estimates from one more analyst.

DJG/err 

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