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Grupo Financiero Banorte SAB de CV (GFNORTEO.MX)

GFNORTEO.MX on Mexico Stock Exchange

107.05MXN
1:19pm EST
Change (% chg)

$2.51 (+2.40%)
Prev Close
$104.54
Open
$105.08
Day's High
$107.69
Day's Low
$105.07
Volume
2,852,935
Avg. Vol
7,277,559
52-wk High
$127.90
52-wk Low
$93.76

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About

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... (more)

Overall

Beta: 0.96
Market Cap(Mil.): $289,965.69
Shares Outstanding(Mil.): 2,773.73
Dividend: 2.78
Yield (%): 6.67

Financials

  Industry Sector
P/E (TTM): -- 20.17 16.04
EPS (TTM): -- -- --
ROI: -- 0.01 34.69
ROE: -- 15.77 15.46

Banorte shareholders vote to create Mexico's No. 2 bank

MONTERREY Shareholders in Mexico's Banorte on Tuesday approved the acquisition of Grupo Financiero Interacciones, which will create the country's second-biggest bank.

Dec 05 2017

UPDATE 1-Banorte shareholders vote to create Mexico's No. 2 bank

MONTERREY, Dec 5 Shareholders in Mexico's Banorte on Tuesday approved the acquisition of Grupo Financiero Interacciones, which will create the country's second-biggest bank.

Dec 05 2017

Fitch Places GFNorte on Watch Negative and Interacciones on Watch Positive Upon Merger Announcement

(The following statement was released by the rating agency) MONTERREY, October 31 (Fitch) Following the recent announcement of a binding agreement to merge Grupo Financiero Banorte, S.A.B. de C.V. (GFNorte) and Grupo Financiero Interacciones, S.A.B. de C.V. (GFInteracciones), Fitch has placed most of GFNorte's ratings, as well as those of its subsidiaries, on Rating Watch Negative. In addition, Fitch has placed the ratings of GFInteracciones subsidiaries Banco Interacciones, S.A. (Interacciones)

Oct 31 2017

Banorte gives merger details; shares bounce a day after 9 percent slide

MEXICO CITY Shares in Mexican bank Grupo Financiero Banorte recovered slightly on Thursday as the company revealed more details about a merger deal with a smaller bank announced the previous day that sent the stock sliding more than 9 percent.

Oct 26 2017

UPDATE 2-Banorte gives merger details; shares bounce a day after 9 pct slide

MEXICO CITY, Oct 26 Shares in Mexican bank Grupo Financiero Banorte recovered slightly on Thursday as the company revealed more details about a merger deal with a smaller bank announced the previous day that sent the stock sliding more than 9 percent.

Oct 26 2017

Mexican bank Banorte agrees deal to buy Interacciones

MEXICO CITY Bank Grupo Financiero Banorte said on Wednesday it had signed an agreement to acquire closely linked peer Interacciones in a cash-and-stock deal that would create Mexico's second-biggest financial group.

Oct 25 2017

UPDATE 2-Mexican bank Banorte agrees deal to buy Interacciones

MEXICO CITY, Oct 25 Bank Grupo Financiero Banorte said on Wednesday it had signed an agreement to acquire closely linked peer Interacciones in a cash-and-stock deal that would create Mexico's second-biggest financial group.

Oct 25 2017

Mexico bank Banorte to pay 13.7 bln pesos, plus shares, to buy peer Interacciones

MEXICO CITY, Oct 25 Mexican bank Grupo Financiero Banorte said on Wednesday that it would spend 13.7 billion pesos ($719 million), plus shares, to acquire peer Grupo Financiero Interacciones.

Oct 25 2017

Mexican bank Banorte agrees to take over peer Interacciones

MEXICO CITY, Oct 25 Mexican bank Grupo Financiero Banorte has signed an accord to acquire peer Grupo Financiero Interacciones in a cash and shares deal that would create the second biggest financial group in Mexico by assets, Interacciones said on Wednesday.

Oct 25 2017

Mexican bank Interacciones to merge with larger peer Banorte-sources

MEXICO CITY, Oct 25 Mexico's fourth-largest bank Grupo Financiero Banorte and its smaller peer Grupo Financiero Interacciones will shortly announce a merger, two people familiar with the matter said on Wednesday.

Oct 25 2017

Earnings vs. Estimates