Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $54.22 and traded as high as $57.33. Grupo Financiero Banorte SAB de CV shares last traded at $56.91, with a volume of 24,130 shares traded.
Grupo Financiero Banorte SAB de CV Stock Down 2.2%
The stock has a market capitalization of $31.05 billion, a P/E ratio of 9.31, a PEG ratio of 1.26 and a beta of 0.70. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.42. The business has a 50-day simple moving average of $54.31 and a two-hundred day simple moving average of $55.29.
Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.01. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate 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%. Equities research analysts forecast that Grupo Financiero Banorte SAB de CV will post 6.46 earnings per share 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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