Shares of Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF – Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $10.62 and traded as high as $11.65. Grupo Financiero Banorte shares last traded at $11.6250, with a volume of 13,703 shares.
Grupo Financiero Banorte Stock Down 3.8%
The firm has a fifty day simple moving average of $10.62 and a 200-day simple moving average of $9.96.
Grupo Financiero Banorte Company Profile
Grupo Financiero Banorte SAB de CV, commonly known as Banorte, is one of Mexico’s largest diversified financial groups. Founded in 1899 as Banco Mercantil de Monterrey, the company has expanded through both organic growth and strategic acquisitions to build a broad national presence. Headquartered in Monterrey, Nuevo León, Banorte operates under a universal banking model, integrating traditional banking services with a range of complementary financial offerings.
Banorte’s core activities encompass retail and commercial banking, where it provides deposit accounts, consumer and mortgage lending, and financing solutions for small and medium-sized enterprises.
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