Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $55.48, but opened at $58.65. Grupo Financiero Banorte SAB de CV shares last traded at $56.10, with a volume of 1,201 shares trading hands.
Grupo Financiero Banorte SAB de CV Price Performance
The stock has a market capitalization of $31.71 billion, a P/E ratio of 9.50, a PEG ratio of 1.26 and a beta of 0.70. The company’s 50 day simple moving average is $54.83 and its two-hundred day simple moving average is $55.14. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.79 and a quick ratio of 0.79.
Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report) last posted its earnings results on Tuesday, July 21st. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.01. The company had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Grupo Financiero Banorte SAB de CV had a net margin of 14.97% and a return on equity of 22.25%. As a group, equities analysts expect that Grupo Financiero Banorte SAB de CV will post 6.46 EPS for the current fiscal year.
Grupo Financiero Banorte SAB de CV Company Profile
Grupo Financiero Banorte SAB de CV, commonly known as Banorte, is a major Mexican financial services holding company headquartered in Monterrey, Mexico. The group operates a universal banking franchise that serves retail, small and medium-sized enterprises, and large corporate clients across Mexico. Banorte provides a broad suite of banking services through an extensive branch network and digital channels and maintains an international investor presence, including ADRs that trade on the U.S. OTC market under the symbol GBOOY.
Banorte’s core businesses include retail and commercial banking—offering deposit accounts, payment and cash management services, consumer and mortgage loans, credit and debit cards, and lending to corporate clients.
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