Professional
Added to YB: 2024-03-27
Pitch date: 2023-12-31
GFNORTEO.MX [bullish]
Grupo Financiero Banorte, S.A.B. de C.V.
+23.66%
current return
Author Info
No bio for this author
Upgrade to Yellowbrick Premium to unlock investor returns. Upgrade to Yellowbrick Premium
Company Info
Grupo Financiero Banorte, S.A.B. de C.V., through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.
Market Cap
MXN 394.9B
Pitch Price
MXN 141.54
Price Target
N/A
Dividend
3.78%
EV/EBITDA
N/A
P/E
7.18
EV/Sales
N/A
Sector
Banks
Category
growth
Show full summary:
New Addition to Ariel Investments Global Fund Portfolio Holding: Grupo Financiero Banorte, S.A.B. de C.V.
GFNORTEO.MX: Largest Mexican bank benefiting from nearshoring. Improving low-cost deposits & growing consumer loans support solid net interest margins. Strong credit quality & attractive ROE are appealing long-term drivers in our view.
Read full article (1 min)