Should I buy or sell Grupo Financiero Banorte stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Grupo Financiero Banorte in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" GBOOY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GBOOY, but not buy additional shares or sell existing shares. View GBOOY analyst ratings or view top-rated stocks .

How have GBOOY shares performed in 2023?

Grupo Financiero Banorte's stock was trading at $35.83 at the start of the year. Since then, GBOOY stock has increased by 29.7% and is now trading at $46.46. View the best growth stocks for 2023 here .

Are investors shorting Grupo Financiero Banorte?

Grupo Financiero Banorte saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 11,000 shares, an increase of 3,566.7% from the October 31st total of 300 shares. Based on an average trading volume of 39,900 shares, the days-to-cover ratio is currently 0.3 days. View Grupo Financiero Banorte's Short Interest .

How were Grupo Financiero Banorte's earnings last quarter?

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) released its quarterly earnings data on Thursday, January, 22nd. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.60 by $0.13. The business earned $1.10 billion during the quarter.

How often does Grupo Financiero Banorte pay dividends? What is the dividend yield for Grupo Financiero Banorte?

Grupo Financiero Banorte declared a dividend on Wednesday, October 11th. Shareholders of record on Friday, October 20th will be paid a dividend of $1.3455 per share on Thursday, October 26th. The ex-dividend date is Thursday, October 19th. Read our dividend analysis for GBOOY .

Is Grupo Financiero Banorte a good dividend stock?

Grupo Financiero Banorte (OTCMKTS:GBOOY) pays an annual dividend of $4.61 per share and currently has a dividend yield of 9.91%. GBOOY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Read our dividend analysis for GBOOY .

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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

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

$46.46

+0.13 (+0.28%)

(As of 12/1/2023 08:55 PM ET)

Compare

Today's Range: $46.20
▼
$48.30
50-Day Range: $38.63
▼
$47.27
52-Week Range: $35.60
▼
$49.10

Volume: 17,100 shs
Average Volume: 22,767 shs
Market Capitalization: N/A

P/E Ratio: N/A
Dividend Yield: 9.92%
Price Target: N/A

Stock Analysis Analyst Forecasts Chart Dividend Headlines Short Interest

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

30 days | 90 days | 365 days | Advanced Chart

GBOOY Stock News Headlines

November 29, 2023 | americanbankingnews.com

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) Short Interest Up 3,566.7% in November

November 26, 2023 | americanbankingnews.com

Grupo Financiero Banorte (OTCMKTS:GBOOY) Sets New 12-Month High at $49.10

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Grupo Financiero Banorte ADR

September 7, 2023 | msn.com

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August 28, 2023 | finance.yahoo.com

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June 23, 2023 | msn.com

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June 13, 2023 | forbes.com

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May 16, 2023 | msn.com

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May 9, 2023 | morningstar.com

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May 7, 2023 | msn.com

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March 7, 2023 | finance.yahoo.com

Grupo Financiero Banorte SAB de CV (GBOOY) Upgraded to Strong Buy: What Does It Mean for the Stock?

February 19, 2023 | seekingalpha.com

Grupo Financiero Banorte: Poised For More Outperformance

February 18, 2023 | seekingalpha.com

GBOOY Grupo Financiero Banorte, S.A.B. de C.V.

January 21, 2023 | morningstar.com

Grupo Financiero Banorte SAB de CV ADR

January 10, 2023 | finance.yahoo.com

Here's Why 'Trend' Investors Would Love Betting on Grupo Financiero Banorte SAB de CV (GBOOY)

November 11, 2022 | msn.com

Grupo Financiero Banorte SAB de CV (GBOOY) is on the Move, Here's Why the Trend Could be Sustainable

October 26, 2022 | finance.yahoo.com

Grupo Financiero Banorte SAB de CV (GBOOY) Is a Great Choice for "Trend" Investors, Here's Why

October 23, 2022 | yahoo.com

Banorte Is No Longer Pursuing Citi’s Banamex Mexican Unit

October 21, 2022 | reuters.com

Mexico's Banorte drops out of bidding for Citi's Banamex retail arm

See More Headlines

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Company Calendar

Last Earnings: 1/22/2015
Ex-Dividend for 10/26 Dividend: 10/19/2023
Dividend Payable: 10/26/2023
Today: 12/03/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Industry: Commercial banks, not elsewhere classified
Sub-Industry: N/A
Sector: Finance
Current Symbol: OTCMKTS:GBOOY
Previous Symbol: NASDAQ:GBOOY
CUSIP: N/A
CIK: N/A
Web: www.banorte.com
Phone: 525511034000
Fax: N/A
Employees: 30,000
Year Founded: 1899

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: 9.39
P/E Growth: 0.82
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: $7.68 billion
Price / Sales: N/A
Cash Flow: $3.22 per share
Price / Cash Flow: 14.43
Book Value: $20.28 per share
Price / Book: 2.29

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Not Optionable
Beta: 1.09

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Key Executives

Mr. Jose Marcos Ramirez Miguel (Age 59)
CEO & Proprietary Board Member
Engineer Rafael Victorio Arana de la Garza (Age 72)
Chief Financial & Operational Officer
Ms. Mayra Nelly Lopez Lopez
Executive Director of Accounting
Mr. Arturo Monroy Ballesteros (Age 49)
Head of Investment Banking & Structured Finance
Mr. Javier Beltran Cantu (Age 54)
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 55)
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 53)
Deputy Managing Director of Marketing
Mr. Carlos Eduardo Martinez Gonzalez (Age 59)
Managing Director of Government Banking

Key Competitors

View All Competitors

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Grupo Financiero Banorte was last updated on Tuesday, November 28, 2023 at 1:27 PM.

Pros

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

Recent development: Grupo Financiero Banorte has joined the program "Entornos Laborales Seguros y Saludables del IMSS," which demonstrates the company's commitment to creating safe and healthy work environments. This can enhance the company's reputation and attract socially responsible investors.
Diversified product offerings: Grupo Financiero Banorte provides a wide range of banking and financial products and services, including payroll accounts, credit cards, loans, savings and investment products, insurance, foreign exchange services, and online and mobile banking. This diversification can help mitigate risks and attract investors looking for a comprehensive financial institution.
Strong history: Grupo Financiero Banorte was founded in 1899, indicating its long-standing presence in the Mexican financial market. This history can instill confidence in investors, as it suggests stability and resilience.
Growing industry: Grupo Financiero Banorte operates in the commercial banking industry, which offers potential for growth and profitability. As the Mexican economy continues to develop, there may be opportunities for the company to expand its market share and generate higher returns for investors.
Competitive advantage: Grupo Financiero Banorte is one of the leading financial institutions in Mexico. Its established brand, extensive branch network, and strong customer base provide a competitive advantage in attracting and retaining customers. This can contribute to the company's long-term success and generate value for investors.

Cons

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

Market volatility: The financial industry is subject to market fluctuations and economic uncertainties. Changes in interest rates, regulatory policies, or macroeconomic conditions can impact the profitability and stability of Grupo Financiero Banorte. Investors should carefully assess the potential risks associated with investing in the company.
Competition: Grupo Financiero Banorte operates in a highly competitive market, facing competition from both domestic and international financial institutions. Intense competition can put pressure on the company's market share, pricing, and profitability. Investors should consider the competitive landscape and the company's ability to differentiate itself.
Regulatory risks: The banking industry is heavily regulated, and changes in regulations can impact the operations and profitability of Grupo Financiero Banorte. Investors should stay informed about regulatory developments and assess the potential impact on the company's financial performance.
Credit risk: Grupo Financiero Banorte's lending activities expose it to credit risk, which refers to the possibility of borrowers defaulting on their loans. A deterioration in the credit quality of the company's loan portfolio can lead to increased provisions for loan losses and negatively impact its financial results. Investors should monitor the company's credit risk management practices.
Interest rate risk: Grupo Financiero Banorte's profitability can be affected by changes in interest rates. Fluctuations in interest rates can impact the company's net interest margin, which is the difference between the interest earned on loans and investments and the interest paid on deposits and borrowings. Investors should consider the potential impact of interest rate movements on the company's earnings.

GBOOY Stock Analysis - Frequently Asked Questions

Should I buy or sell Grupo Financiero Banorte stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Grupo Financiero Banorte in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" GBOOY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GBOOY, but not buy additional shares or sell existing shares.
View GBOOY analyst ratings or view top-rated stocks.
How have GBOOY shares performed in 2023?: Grupo Financiero Banorte's stock was trading at $35.83 at the start of the year. Since then, GBOOY stock has increased by 29.7% and is now trading at $46.46.
View the best growth stocks for 2023 here.
Are investors shorting Grupo Financiero Banorte?: Grupo Financiero Banorte saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 11,000 shares, an increase of 3,566.7% from the October 31st total of 300 shares. Based on an average trading volume of 39,900 shares, the days-to-cover ratio is currently 0.3 days.
View Grupo Financiero Banorte's Short Interest.
How were Grupo Financiero Banorte's earnings last quarter?: Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) released its quarterly earnings data on Thursday, January, 22nd. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.60 by $0.13. The business earned $1.10 billion during the quarter.

How often does Grupo Financiero Banorte pay dividends? What is the dividend yield for Grupo Financiero Banorte?: Grupo Financiero Banorte declared a dividend on Wednesday, October 11th. Shareholders of record on Friday, October 20th will be paid a dividend of $1.3455 per share on Thursday, October 26th. The ex-dividend date is Thursday, October 19th.
Read our dividend analysis for GBOOY.
Is Grupo Financiero Banorte a good dividend stock?: Grupo Financiero Banorte (OTCMKTS:GBOOY) pays an annual dividend of $4.61 per share and currently has a dividend yield of 9.91%. GBOOY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for GBOOY.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (OTCMKTS:GBOOY) was last updated on 12/4/2023 by MarketBeat.com Staff

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