Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México provides various banking products and services in Mexico. The company operates through Retail Banking and Corporate and Investment Banking segments. It offers various deposit products, such as current accounts, savings accounts, and time deposits, as well as certificates of interbank deposits; and payroll loans, personal loans, credit cards, mortgages, and insurance brokerage services. The company also provides cash management, working capital solutions, and trade finance; structured credit and debt products, project finance, and asset based finance; financial and strategic advisory services for mergers and acquisition; solutions and services for investing and hedging; and Internet and mobile banking services. It serves individuals, private banking clients, small and medium-sized enterprises, middle-market corporations, government institutions, and corporate and institutional customers. As of December 31, 2021, it operated through a network of 1,346 offices; 9,498 ATMs; and 2,540 contact center positions. The company was formerly known as Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander and changed its name to Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in September 2012. The company was incorporated in 1932 and is headquartered in Mexico City, Mexico. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México is a subsidiary of Grupo Financiero Santander México, S.A. de C.V.
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México Stock Up 2.3 %
NYSE:BSMX opened at $5.23 on Friday. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México has a 1-year low of $4.52 and a 1-year high of $6.48. The company has a market cap of $7.10 billion, a price-to-earnings ratio of 6.54, a PEG ratio of 0.86 and a beta of 1.16. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. The company has a 50 day moving average of $5.17 and a 200-day moving average of $5.33.
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX - Get Rating) last announced its quarterly earnings results on Thursday, July 28th. The bank reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.03. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México had a net margin of 16.26% and a return on equity of 13.44%. The company had revenue of $1.08 billion during the quarter. On average, equities research analysts expect that Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México will post 0.8 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from a "buy" rating to a "hold" rating in a research report on Thursday, May 12th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México currently has an average rating of "Hold" and a consensus price target of $6.88.