FRANKFURT--The following is a summary of analysts' forecasts for Banco Santander SA (SAN.MC) second-quarter results, based on a poll of seven analysts conducted by Dow Jones Newswires (figures in million euros, target price in euro, according to IFRS). Earnings figures are scheduled to be released July 30.

=== 
                 Net int.   Gross  Net attrib. 
2nd Quarter       income   income      profit 
AVERAGE            8,195   11,612       2,614 
Prev. Year         7,370   10,488       1,453 
+/- in %             +11      +11         +80 
 
MEDIAN             8,215   11,603       2,631 
Maximum            8,268   11,741       2,685 
Minimum            8,104   11,506       2,512 
Amount                 7        7           5 
 
Banco BPI          8,124   11,603       2,641 
BEKA Finance       8,215   11,560          -- 
Credit Suisse      8,104   11,634       2,631 
Deutsche Bank      8,268   11,506          -- 
J.P. Morgan        8,252   11,741       2,685 
Kepler Cheuvreux   8,163   11,647       2,603 
Morgan Stanley     8,237   11,591       2,512 
 
 
            Target price  Rating 
AVERAGE             7.24  positive 3 
Prev. Quarter       6.55  neutral  3 
+/- in %             +11  negative 0 
 
MEDIAN              6.70 
Maximum             8.50 
Minimum             6.10 
Amount                 5 
 
BEKA Finance        8.50  Buy 
Credit Suisse       6.10  Neutral 
Deutsche Bank       6.70  Hold 
J.P. Morgan         8.20  Overweight 
Kepler Cheuvreux    6.70  Buy 
Morgan Stanley        --  Equalweight 
=== 

Year-earlier figures are as reported by the company.

DJG/err 

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