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OTCMKTS:GBOOY

Grupo Financiero Banorte (GBOOY) Stock Price, News & Analysis

$38.37
-0.45 (-1.16%)
(As of 07/26/2024 ET)
Today's Range
$38.29
$39.11
50-Day Range
$35.80
$52.62
52-Week Range
$34.27
$56.15
Volume
23,063 shs
Average Volume
55,226 shs
Market Capitalization
$22.13 billion
P/E Ratio
N/A
Dividend Yield
9.10%
Price Target
N/A

Grupo Financiero Banorte MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.02% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.25mentions of Grupo Financiero Banorte in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.37%
From $5.56 to $5.97 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.13 out of 5 stars

GBOOY stock logo

About Grupo Financiero Banorte Stock (OTCMKTS:GBOOY)

Grupo Financiero Banorte, S.A.B. de C.V., through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally. The company accepts checking, current, retirement, and payroll accounts; and provides loans, including mortgage, car, payroll, personal, structured, syndicated, SME loans, and credit cards, as well as letter of credit financing, acquisition funding, and import and export foreign trade financing. It is also involved in investment planning, foreign currency purchase/sale, financial advice, brokerage, asset management, investment banking, letters of credit, bank guarantees, and leasing and factoring activities. In addition, the company sells mutual funds and debt and capital instruments; issues debit cards; and provides insurance services for car, home, life, medical, employee, and SMEs, as well as cash management services for collection, trustees, payroll, and lines of credit. Further, it provides online banking, POS, payment, reconciliation, documentary collection, import bills of exchange discount, International wire transfer, remittances, storage, inventory management, logistics, marketing, and payroll services. The company was founded in 1899 and is based in Mexico City, Mexico.

GBOOY Stock Price History

GBOOY Stock News Headlines

Collapse of the Petrodollar
The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.
Grupo Financiero Banorte S.A.B. de C.V. ADR
Grupo Financiero Banorte - Class O
Grupo Financiero Banorte ADR
Collapse of the Petrodollar
The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.
Grupo Financiero Banorte, S.A.B. de C.V. (GBOOF)
Grupo Inbursa
Grupo Financiero Banorte SAB de CV Class O
See More Headlines
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Company Calendar

Last Earnings
1/22/2015
Ex-Dividend for 7/8 Dividend
7/01/2024
Dividend Payable
7/08/2024
Today
7/26/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Current Symbol
OTCMKTS:GBOOY
Previous Symbol
NASDAQ:GBOOY
CIK
N/A
Fax
N/A
Employees
32,966
Year Founded
1899

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$7.68 billion
Cash Flow
$3.17 per share

Miscellaneous

Free Float
N/A
Market Cap
$22.25 billion
Optionable
Not Optionable
Beta
1.07

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Key Executives

  • Mr. Jose Marcos Ramirez Miguel (Age 60)
    CEO & Proprietary Board Member
  • Engineer Rafael Victorio Arana de la Garza (Age 73)
    Chief Financial & Operational Officer
  • Ms. Mayra Nelly Lopez Lopez
    Executive Director of Accounting
  • Mr. Arturo Monroy Ballesteros (Age 50)
    Head of Investment Banking & Structured Finance
  • Mr. Javier Beltran Cantu (Age 55)
    Chief Administrator & Human Relations Officer
  • Mr. Tomas Lozano Derbez
    Head of Corporate Development, Investor Relations, Financial Intelligence, M&A and Sustainability
  • Mr. Hector Martín Avila Flores (Age 56)
    Chief Legal Officer & Secretary of the Board
  • Mr. Fernando Solís Cámara y Jiménez Canet J.C.
    Deputy Managing Director of Communication & Public Affairs
  • Ms. Carla Juan Chelala (Age 54)
    Deputy Managing Director of Marketing
  • Mr. Carlos Eduardo Martinez Gonzalez (Age 60)
    Managing Director of Government Banking

Should I Buy Grupo Financiero Banorte Stock? GBOOY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Grupo Financiero Banorte, S.A.B. de C.V.:

  • Grupo Financiero Banorte recently announced a dividend increase to $2.23 per share, showing a strong commitment to rewarding shareholders with higher returns.
  • The stock price of Grupo Financiero Banorte has been trading up, indicating positive market sentiment and potential for capital appreciation.
  • Grupo Financiero Banorte has a diverse range of banking and financial products and services, providing stability and potential for growth in different market conditions.
  • Despite an increase in short interest, the days-to-cover ratio for Grupo Financiero Banorte is low, suggesting potential short squeeze opportunities that could benefit investors.
  • Grupo Financiero Banorte's 50-day moving average price is $47.21, which could indicate a potential buying opportunity for investors looking to enter at a relatively lower price point.

Cons

Investors should be bearish about investing in Grupo Financiero Banorte, S.A.B. de C.V. for these reasons:

  • Despite the dividend increase, Grupo Financiero Banorte's previous dividend was $1.35, which may raise concerns about sustainability and future dividend growth rates.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, July 1, 2024. Please send any questions or comments about these Grupo Financiero Banorte pros and cons to contact@marketbeat.com.

GBOOY Stock Analysis - Frequently Asked Questions

How have GBOOY shares performed this year?

Grupo Financiero Banorte's stock was trading at $50.21 at the start of the year. Since then, GBOOY shares have decreased by 23.6% and is now trading at $38.37.
View the best growth stocks for 2024 here
.

How were Grupo Financiero Banorte's earnings last quarter?

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) announced its earnings results on Thursday, January, 22nd. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by $0.13. The company had revenue of $1.10 billion for the quarter.

How do I buy shares of Grupo Financiero Banorte?

Shares of GBOOY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:GBOOY) was last updated on 7/26/2024 by MarketBeat.com Staff

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