Grupo Financiero Banorte SAB de CV (GBOOY) to Release Quarterly Earnings on Wednesday

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) is anticipated to issue its results before the market opens on Wednesday, February 4th. Analysts expect the company to announce earnings of $1.33 per share for the quarter.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last posted its quarterly earnings results on Tuesday, January 27th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. Grupo Financiero Banorte SAB de CV had a return on equity of 21.99% and a net margin of 12.92%. On average, analysts expect Grupo Financiero Banorte SAB de CV to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Grupo Financiero Banorte SAB de CV Trading Up 2.3%

Shares of GBOOY stock opened at $55.15 on Wednesday. The business’s fifty day moving average price is $48.69 and its 200 day moving average price is $47.35. The firm has a market capitalization of $31.03 billion, a PE ratio of 10.54, a P/E/G ratio of 1.54 and a beta of 0.83. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.23 and a quick ratio of 0.23. Grupo Financiero Banorte SAB de CV has a 1-year low of $32.00 and a 1-year high of $56.06.

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.