Investment Bankers Are Starting to See Mexico as a Money Spinner

  • BofA, Morgan Stanley, Goldman Sachs issue upbeat forecasts
  • But Mexico has a history of squandering economic opportunities
The plant floor at Schneider Electric in Monterrey, Mexico.Photographer: Alejandro Cegarra/Bloomberg
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For years, Mexico was an afterthought among investment bankers, a perennial underperformer overshadowed by Brazil.

Not anymore. Suddenly there’s growing conviction on Wall Street that the country is on the cusp of a breakout, if it can avoid squandering the opportunity.