Santander books record Q3 profit as strong US unit offsets weaker Brazil

By Jesús Aguado MADRID (Reuters) -Spain's Santander bank reported a 7.8% year-on-year rise in its third-quarter net profit, saying a strong performance in its U.S. business offset lower lending income and some weakness in Brazil. The net profit of 3.5 billion euros ($4.08 billion) in the July-September quarter reported by the euro zone's biggest bank came above the 3.39 billion euros expected by analysts in a Reuters poll and was the sixth consecutive record-high quarterly result. A rise of 4.3% in fees ...