OTCMKTS:GBOOY

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

$51.29
-1.19 (-2.27%)
(As of 04/24/2024 ET)
Today's Range
$50.82
$52.71
50-Day Range
$49.85
$55.01
52-Week Range
$37.50
$56.15
Volume
14,005 shs
Average Volume
17,226 shs
Market Capitalization
$29.58 billion
P/E Ratio
N/A
Dividend Yield
6.45%
Price Target
N/A

Grupo Financiero Banorte MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.00% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
2.24%
From $5.35 to $5.47 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.

2.04 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

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Grupo Financiero Banorte - Class O
Grupo Financiero Banorte ADR
Grupo Financiero Banorte, S.A.B. de C.V. (GBOOF)
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Grupo Inbursa
Grupo Financiero Banorte SAB de CV Class O
Grupo Financiero Banorte: Poised For More Outperformance
GBOOY Grupo Financiero Banorte, S.A.B. de C.V.
Grupo Financiero Banorte SAB de CV ADR
See More Headlines
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Company Calendar

Last Earnings
1/22/2015
Today
4/25/2024
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
32,705
Year Founded
1899

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$7.68 billion
Cash Flow
$3.11 per share

Miscellaneous

Free Float
N/A
Market Cap
$29.58 billion
Optionable
Not Optionable
Beta
1.17

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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 joined the Safe and Healthy Work Environments program by IMSS, showcasing a commitment to employee well-being and potentially improving productivity.
  • The company offers a wide range of banking and financial products and services, including loans, credit cards, investment planning, asset management, and insurance services, providing diversified revenue streams.
  • Grupo Financiero Banorte has a long-standing history since its founding in 1899, indicating stability and experience in the financial sector.
  • The stock price of Grupo Financiero Banorte (symbol: GBOOY) has shown resilience and potential growth in recent periods, making it an attractive investment opportunity.
  • The company's involvement in various financial activities such as investment banking, leasing, and factoring activities can lead to enhanced profitability and shareholder value.

Cons

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

  • The commercial banking industry, where Grupo Financiero Banorte operates, can be highly competitive, leading to margin pressures and potential challenges in market share growth.
  • Economic fluctuations, regulatory changes, or geopolitical events could impact the financial performance of Grupo Financiero Banorte, introducing risks to investors.
  • While the company offers a diverse range of services, overreliance on any particular segment could expose it to sector-specific risks and vulnerabilities.
  • Investing in Grupo Financiero Banorte involves exposure to the Mexican and international financial markets, subjecting investors to currency exchange rate fluctuations and geopolitical uncertainties.
  • External factors such as interest rate changes or global economic conditions may influence the profitability and stability of Grupo Financiero Banorte, affecting investor returns.
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 Saturday, April 13, 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 in 2024?

Grupo Financiero Banorte's stock was trading at $50.21 at the beginning of the year. Since then, GBOOY shares have increased by 2.2% and is now trading at $51.29.
View the best growth stocks for 2024 here
.

Are investors shorting Grupo Financiero Banorte?

Grupo Financiero Banorte saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 700 shares, a decrease of 50.0% from the March 15th total of 1,400 shares. Based on an average trading volume of 41,600 shares, the days-to-cover ratio is currently 0.0 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 EPS for the quarter, missing the consensus estimate of $0.60 by $0.13. The company 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. Investors of record on Friday, October 20th will be given a dividend of $1.3455 per share on Thursday, October 26th. The ex-dividend date of this dividend 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 $3.31 per share and currently has a dividend yield of 6.24%. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:GBOOY) was last updated on 4/25/2024 by MarketBeat.com Staff

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