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Last $80.72 MXN
Change Today +1.79 / 2.27%
Volume 21.6M
As of 4:09 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

grupo financiero banorte-o (GFNORTEO) Snapshot

Open
$79.50
Previous Close
$78.93
Day High
$81.19
Day Low
$78.60
52 Week High
04/8/15 - $92.50
52 Week Low
01/15/15 - $72.05
Market Cap
223.9B
Average Volume 10 Days
9.7M
EPS TTM
$5.68
Shares Outstanding
2.8B
EX-Date
07/28/15
P/E TM
14.2x
Dividend
$0.97
Dividend Yield
1.20%
Current Stock Chart for GRUPO FINANCIERO BANORTE-O (GFNORTEO)

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grupo financiero banorte-o (GFNORTEO) Details

Grupo Financiero Banorte, S. A. B. de C. V., through its subsidiaries, provides banking and financial products and services in Mexico. It engages in Retail Banking, Patrimonial and Private Banking, Business and Corporate, Government Banking, and SME Banking divisions. It offers deposits, which include savings accounts, term savings accounts, checking accounts, mutual funds, and payroll; and credit products comprising credit cards, car loans, payroll loans, and mortgages. The company also provides individual accounts, specialized service, integration of resources, and infonavit advice; insurance, such as car, casualty, life, health, and SME; and pensions. In addition, it offers fund operator, asset management, investment banking, stock market, money market, Internet banking, mobile phone banking, and cash management services. Further, the company provides services for banking, brokerage, leasing, financial factoring, general warehousing services, annuities, and life and damage insurance, as well as the acquisition, disposal, administration, collection, and general negotiation in any form of claims. Additionally, it engages in long term savings, leasing and factoring, and international banking businesses. The company operates through a network of approximately 1,200 branches, 7,000ATMs, 5,300 third-party correspondents, and 162,000 point of sale terminals. Grupo Financiero Banorte, S. A. B. de C. V. was founded in 1899 and is based in Monterrey, Mexico.

26,979 Employees
Last Reported Date: 08/10/15
Founded in 1899

grupo financiero banorte-o (GFNORTEO) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

grupo financiero banorte-o (GFNORTEO) Key Developments

Grupo Financiero Banorte, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and First Half of 2015; Provides Earnings Guidance for the Year 2015

Grupo Financiero Banorte, S.A.B. de C.V. reported earnings results for the second quarter and first half of 2015. For the quarter, the company reported, net income of MXN 4 billion. Earnings per share were MXN 1.44, growth 7% annual, in the line with net income growth. Revenues grew 7% annually on the back of solid growth in recurring revenues. Specifically, net interest income expanded 11% and service fees, 25%. Net income is 3% higher quarter on quarter. ROE was 12.6%, 12 bp higher versus first quarter of 2015. For the quarter, Net interest income amounted to MXN 11.58 billion, practically unchanged versus first quarter of 2015. The efficiency ratio in second quarter was 49.2%, improving versus the 50.3% in first quarter of 2015. For the first half of 2015, the company reported net income of MXN 7.88 billion in first half of 2015, growing 7% annually. Net interest income amounted to MXN 23.21 billion; growing 12% YoY in spite of the 50 bp reduction in market rates in June 2014. The aforementioned growth as a result of a greater contribution from net interest income from loans, driven by the growth in the loan book and an improved mix - as high yielding consumer loans have gained share -; as well as due to a greater contribution from the Insurance and Annuities companies. The efficiency ratio was 49.7% The company’s expected range for the full year 2015 net income now is between MXN 17 billion and MXN 17.5 billion. The effective tax rate for the full year is to be lower, in the range 24% to 26%.

Grupo Financiero Banorte, S.A.B. de C.V., Q2 2015 Earnings Call, Jul 24, 2015

Grupo Financiero Banorte, S.A.B. de C.V., Q2 2015 Earnings Call, Jul 24, 2015

Grupo Financiero Banorte, S.A.B. de C.V. Presents at JP Morgan 2015 Mexico Opportunities Conference, Jun-23-2015 through Jun-24-2015

Grupo Financiero Banorte, S.A.B. de C.V. Presents at JP Morgan 2015 Mexico Opportunities Conference, Jun-23-2015 through Jun-24-2015. Venue: St. Regis Hotel, Paseo de la Reforma 439, Colonia Cuauhtemoc, Mexico City Federal District 06500, Mexico. Presentation Date & Speakers: Jun-24-2015, José Marcos Ramírez Miguel, Chief Executive Officer, Member of Assets & Liabilities Committee, Member of Proprietary Investment Portfolio Committee, Member of Investment Projects Committee, Member of Investments In Managed Portfolios Committee and Member of Risk Policies Committee, Rafael Victorio Arana de la Garza, Chief Operating Officer, Member of Management Committee, Member of Assets & Liabilities Committee, Member of Central Credit Committee, Member of Human Resources Commitee, Member of Technology & Investment Committee, Member of Investment Projects Committee and Member of Risk Policies Committee.

 

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GFNORTEO:MM $80.72 MXN +1.79

GFNORTEO Competitors

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Company Last Change
Atlas Financial Holdings Inc $16.32 USD 0.00
General de Seguros SAB $45.00 MXN 0.00
Grupo Financiero Inbursa SAB de CV $35.14 MXN +0.78
Grupo Financiero Santander Mexico SAB de CV $26.95 MXN +0.94
Grupo Nacional Provincial SAB $35.00 MXN 0.00
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Industry Analysis

GFNORTEO

Industry Average

Valuation GFNORTEO Industry Range
Price/Earnings 12.9x
Price/Sales 3.7x
Price/Book 1.6x
Price/Cash Flow 12.9x
TEV/Sales NM Not Meaningful
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