GRUPO FINANCIERO BANORTE, S.A.B. DE C.V.

Grupo Financiero Banorte, S.A.B. de C.V.

GFNORTE O

MXP370711014

Banks

End-of-day quote Mexican S.E. Other stock markets 03:30:00 17/07/2024 am IST			5-day change	1st Jan Change
147.2 ^MXN	-0.82%		-1.70%	-13.77%

08/07	Mexican Stocks Reverse Two-Session Losing Streak	DJ
02/05	ETF of the week: Mexico's future looks golden

Grupo Financiero Banorte, S.A.B. De C.V. Reports Earnings Results for the Second Quarter Ended June 30, 2021

July 15, 2021

Grupo Financiero Banorte, S.A.B. De C.V. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced net income was MXN 8,568 million compared to MXN 6,518 million a year ago.

Latest news about Grupo Financiero Banorte, S.A.B. de C.V.

Mexican Stocks Reverse Two-Session Losing Streak	09/07	DJ
ETF of the week: Mexico's future looks golden	02/05
Transcript : Grupo Financiero Banorte, S.A.B. de C.V., Q1 2024 Earnings Call, Apr 17, 2024	17/04
Grupo Financiero Banorte, S.A.B. de C.V. Reports Earnings Results for the First Quarter Ended March 31, 2024	17/04	CI
Mexico's Banorte issues sustainable bank certificates worth nearly $800 million	16/03	RE
Mexico's Banorte launches digital bank bineo	30/01	RE
Santander Mexico to launch digital bank 'soon,' executive says	24/01	RE
Transcript : Grupo Financiero Banorte, S.A.B. de C.V., Q4 2023 Earnings Call, Jan 18, 2024	18/01
Grupo Financiero Banorte, S.A.B. de C.V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	18/01	CI
Mexico's Banorte posts 13% profit jump in Q4 pushed by loan growth	18/01	RE
Mexico's Banorte posts 13% profit jump in Q4	18/01	RE
Grupo Financiero Banorte, S.A.B. de C.V. Reports Earnings Results for the Full Year Ended December 31, 2023	17/01	CI
Transcript : Grupo Financiero Banorte, S.A.B. de C.V., Q3 2023 Earnings Call, Nov 01, 2023	01/11
Credit growth boosts Mexican Banorte's third-quarter profits	01/11	RE
Mexico's Banorte posts double-digit Q3 profit boost on loan growth	01/23/01	RE
Grupo Financiero Banorte, S.A.B. de C.V. Reports Earnings Results for the Third Quarter Ended September 30, 2023	15/23/15	CI
Mexico's Banorte plans to hire up to 1,200 people to tap into nearshoring	28/23/28	RE
How Mexican narcos use remittances to wire U.S. drug profits home	18/23/18	RE
Transcript : Grupo Financiero Banorte, S.A.B. de C.V., Q2 2023 Earnings Call, Jul 21, 2023	21/23/21
Grupo Financiero Banorte, S.A.B. de C.V. Reports Earnings Results for the Half Year Ended June 30, 2023	21/23/21	CI
Transcript : Grupo Financiero Banorte, S.A.B. de C.V., Q1 2023 Earnings Call, Apr 21, 2023	21/23/21
Grupo Financiero Banorte, S.A.B. de C.V. Reports Earnings Results for the First Quarter Ended March 31, 2023	21/23/21	CI
Grupo Financiero Banorte, S.A.B. de C.V. Reports Earnings Results for the First Quarter Ended March 31, 2023	21/23/21	CI
Mexico's Banorte posts 21% profit jump, helped by higher rates	21/23/21	RE
Mexico's Banorte posts 21% surge in first quarter profit	21/23/21	RE

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Company Profile

Grupo Financiero Banorte SAB de CV is a Mexico-based financial institution (the Bank) engaged in the banking sector. The Bank operates in four business sectors: Banking, Savings, Brokerage and Other financial services. The Banking division provides current accounts, consumer and commercial loans, as well as credit and debit cards, among others. The Savings division offers products related to insurance and pension schemes. The Brokerage division focuses on the investment funds management and securities trading. The Other financial services division includes leasing, factoring, portfolio management and warehousing, among others. The Bank offers financial products and services to individual and business customers. It operates through a number of subsidiaries, such as Almacenadora Banorte SA de CV Organizacion Auxiliar del Credito Grupo Financiero Banorte, Casa de Bolsa Banorte IXE SA de CV Grupo Financiero Banorte and Ixe Servicios SA de CV.

Sector

Banks

Calendar

23/07/2024 - Q2 2024 Earnings Release

Related indices

Mexico IPC

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Ratings for Grupo Financiero Banorte, S.A.B. de C.V.

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

147.2 MXN

Average target price

192.8 MXN

Spread / Average Target

+30.94%

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Quarterly earnings - Rate of surprise

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