Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Shares Gap Up – Here’s Why

by · The Markets Daily

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $55.48, but opened at $58.65. Grupo Financiero Banorte SAB de CV shares last traded at $56.10, with a volume of 1,201 shares trading hands.

Grupo Financiero Banorte SAB de CV Stock Performance

The company has a market capitalization of $31.91 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 1.22 and a beta of 0.70. 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 stock has a 50 day simple moving average of $54.76 and a two-hundred day simple moving average of $55.17.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report) last released 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 business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.29 billion. As a group, analysts anticipate that Grupo Financiero Banorte SAB de CV will post 6.46 earnings per share for the current year.

Grupo Financiero Banorte SAB de CV Company Profile

(Get Free Report)

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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