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Grupo Financiero Banorte SAB de CV

GFNORTEO.MX

Latest Trade

106.99MXN

Change

-0.06(-0.06%)

Volume

2,756,384

Today's Range

106.83

 - 

108.99

52 Week Range

82.77

 - 

133.49

As of on the Mexico Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
107.05
Open
107.59
Volume
2,756,384
3M AVG Volume
156.52
Today's High
108.99
Today's Low
106.83
52 Week High
133.49
52 Week Low
82.77
Shares Out (MIL)
2,883.46
Market Cap (MIL)
308,674.00
Forward P/E
8.53
Dividend (Yield %)
5.18

Next Event

Q3 2019 Grupo Financiero Banorte SAB de CV Earnings Release

Latest Developments

More

HR Ratings affirms debt rating for Grupo Financiero Banorte SAB De CV

Fitch affirms credit ratings on Grupo Financiero Banorte

Grupo Financiero Banorte SAB De CV announces dividend payment

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About Grupo Financiero Banorte SAB de CV

Grupo Financiero Banorte SAB de CV is a Mexico-based financial institution (the Bank) engaged in the banking sector. The Bank operates in four business sectors: Banking, Savings, Brokerage and Other financial services. The Banking division provides current accounts, consumer and commercial loans, as well as credit and debit cards, among others. The Savings division offers products related to insurance and pension schemes. The Brokerage division focuses on the investment funds management and securities trading. The Other financial services division includes leasing, factoring, portfolio management and warehousing, among others. The Bank offers financial products and services to individual and business customers. It operates through a number of subsidiaries, such as Almacenadora Banorte SA de CV Organizacion Auxiliar del Credito Grupo Financiero Banorte, Casa de Bolsa Banorte IXE SA de CV Grupo Financiero Banorte and Ixe Servicios SA de CV.

Industry

Regional Banks

Contact Info

Av. Revolucion 3000, Col. Primavera

+52.55.11034000

https://www.banorte.com/

Executive Leadership

Carlos Hank Gonzalez

Chairman of the Board

Jose Marcos Ramirez Miguel

Chief Executive Officer, Managing Director, Director

Rafael Victorio Arana de la Garza

Managing Director - Chief Financial and Operating Officer

Mayra Nelly Lopez Lopez

Executive Director - Accounting

Javier Beltran Cantu

Managing Director, Administration and Human Resources

Key Stats

2.05 mean rating - 21 analysts
Sell
Hold
Buy
Revenue (MM, MXN)

2016

69.5K

2017

81.2K

2018

96.4K

2019(E)

112.0K
EPS (MXN)

2016

6.961

2017

8.619

2018

11.083

2019(E)

12.543
Price To Earnings (TTM)
8.41
Price To Sales (TTM)
2.11
Price To Book (MRQ)
1.75
Price To Cash Flow (TTM)
7.85
Total Debt To Equity (MRQ)
272.46
LT Debt To Equity (MRQ)
63.36
Return on Investment (TTM)
--
Return on Equity (TTM)
2.49

Latest News

Latest News

Trump election rhetoric could send Mexican peso down almost 9% to 21.30 per dollar -Banorte

The Mexican peso could fall almost 9% to 21.30 per dollar next year if U.S. President Donald Trump again threatens the country during his re-election campaign, Mexican financial group Banorte said on Tuesday.

Mexican bank Banorte says first-quarter profit up by nearly 50 percent

Mexico's Grupo Financiero Banorte, the bank with the biggest weight in Mexico's benchmark stock index, posted a first quarter net profit of 9.93 billion pesos ($512 million) on Monday, up 47 percent compared to the same period last year.

Mexico's Banorte reports 4th-qtr net profit of 10.182 bln pesos

Mexican bank Banorte said on Thursday that its net profit in the fourth quarter of 2018 totaled 10.182 billion pesos ($517.8 million), helped by growth in its lending business.

UPDATE 1-Mexico's Banorte shares slide over 8 pct on proposal to regulate bank fees

Shares of Mexican bank Grupo Financiero Banorte dropped more than 8 percent on Monday amid market uncertainty over a bill in Congress that would cut bank commissions.

Shares of Mexico's Banorte slide on proposal to regulate bank fees

Shares of Mexican bank Grupo Financiero Banorte fell more than 8 percent on Monday on uncertainty over a bill in Congress that would cut bank commissions.

UPDATE 1-Mexico's Banorte reports Q3 net profit of 7.82 bln pesos

Mexico's Grupo Financiero Banorte reported a net profit of 7.82 billion pesos ($417 million) in the third quarter, the financial group said on Thursday.

Mexico's Banorte does not see cyber attack impact on financial results

Mexico's No. 2 bank Banorte on Tuesday said it did not expect "any economic impact" on its financial results following what the central bank has called a cyber attack on connections to the domestic payment system.

Mexico's Banorte profits jump over 22 pct to $370 mln

Mexican bank Banorte said on Thursday that its net profit in the first quarter rose more than 22 percent to nearly 6.8 billion pesos ($370 million), helped by growth in its pension and insurance units and consumer credit.

Mexico's Financiero Interacciones sees cheaper loans on Banorte tie-up

Mexico's state and municipal government debt sector will likely see lower borrowing costs in the coming months following the acquisition of Grupo Financiero Interacciones by Banorte, Interacciones CEO said on Wednesday.

Banorte shareholders vote to create Mexico's No. 2 bank

Shareholders in Mexico's Banorte on Tuesday approved the acquisition of Grupo Financiero Interacciones, which will create the country's second-biggest bank.

Fitch Places GFNorte on Watch Negative and Interacciones on Watch Positive Upon Merger Announcement

(The following statement was released by the rating agency) MONTERREY, October 31 (Fitch) Following the recent announcement of a binding agreement to merge Grupo Financiero Banorte, S.A.B. de C.V. (GFNorte) and Grupo Financiero Interacciones, S.A.B. de C.V. (GFInteracciones...

Banorte gives merger details; shares bounce a day after 9 percent slide

Shares in Mexican bank Grupo Financiero Banorte recovered slightly on Thursday as the company revealed more details about a merger deal with a smaller bank announced the previous day that sent the stock sliding more than 9 percent.

Mexican bank Banorte agrees deal to buy Interacciones

Bank Grupo Financiero Banorte said on Wednesday it had signed an agreement to acquire closely linked peer Interacciones in a cash-and-stock deal that would create Mexico's second-biggest financial group.

Mexico bank Banorte to pay 13.7 bln pesos, plus shares, to buy peer Interacciones

Mexican bank Grupo Financiero Banorte said on Wednesday that it would spend 13.7 billion pesos ($719 million), plus shares, to acquire peer Grupo Financiero Interacciones.

Mexican bank Banorte agrees to take over peer Interacciones

Mexican bank Grupo Financiero Banorte has signed an accord to acquire peer Grupo Financiero Interacciones in a cash and shares deal that would create the second biggest financial group in Mexico by assets, Interacciones said on Wednesday.

Mexican bank Interacciones to merge with larger peer Banorte-sources

Mexico's fourth-largest bank Grupo Financiero Banorte and its smaller peer Grupo Financiero Interacciones will shortly announce a merger, two people familiar with the matter said on Wednesday.

Fitch Affirms GFNorte and Banorte's VR & IDRs at 'bbb+' and 'BBB+'; Outlook Revised to Stable

(The following statement was released by the rating agency) MONTERREY, August 09 (Fitch) Fitch Ratings has affirmed Grupo Financiero Banorte, S.A.B. de C.V. (GFNorte) and Banco Mercantil del Norte, S.A.'s (Banorte) Viability Ratings (VRs) at 'bbb+', as well as their Long-Term...

Fitch Affirms GFNorte and Banorte's VR & IDRs at 'bbb+' / 'BBB+'; Outlook Negative

(The following statement was released by the rating agency) MONTERREY, March 16 (Fitch) Fitch Ratings has affirmed Grupo Financiero Banorte, S.A.B. de C.V. (GFNorte) and Banco Mercantil del Norte, S.A.'s (Banorte) Viability Ratings (VRs) at 'bbb+', as well as their Long-Term...

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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