Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $55.48, but opened at $53.54. Grupo Financiero Banorte SAB de CV shares last traded at $55.27, with a volume of 894 shares changing hands.
Grupo Financiero Banorte SAB de CV Stock Up 0.2%
The company has a debt-to-equity ratio of 0.42, a current ratio of 0.79 and a quick ratio of 0.79. The firm’s 50-day moving average price is $54.74 and its 200 day moving average price is $55.18. The firm has a market capitalization of $31.26 billion, a price-to-earnings ratio of 9.37, a price-to-earnings-growth ratio of 1.23 and a beta of 0.70.
Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report) last issued its quarterly earnings data 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. Grupo Financiero Banorte SAB de CV had a return on equity of 22.25% and a net margin of 14.97%.The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.29 billion. Sell-side analysts expect that Grupo Financiero Banorte SAB de CV will post 6.46 EPS for the current year.
About Grupo Financiero Banorte SAB de CV
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.
See Also
- Five stocks we like better than Grupo Financiero Banorte SAB de CV
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
- IBM Just Opened Its Mainframes to Arm—Is the Market Missing the Shift?
- Berkshire Boosts Its Bet: This AI Hyperscaler Is Now a Top-3 Holding
- NVIDIA Reveals $21 Billion SpaceX Stake: Signal of Confidence or Circular Financing?
Receive News & Ratings for Grupo Financiero Banorte SAB de CV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Financiero Banorte SAB de CV and related companies with MarketBeat.com's FREE daily email newsletter.
