Grupo Financiero Banorte SAB de CV

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Grupo Financiero Banorte SAB de CV is a holding company, which engages in the provision of banking services. It operates through the following segments: Holding, Banorte, Savings and Forecast, Landlord and Factor, Storage, and Brokerage house Banorte. The company was founded in 1899 and is headquartered in Mexico City, Mexico.

Banorte hasn't been immune from Mexico's post-election selloff. It has, however, been overly penalized. Get paid an 10+% yield to sit and wait.

Banorte: Mexico's Banking Leader Is Available At A Deep Discount

Grupo Financiero Banorte is recognized, for a third year in a row, as "Most Honored Company" in the 2024 annual ranking of Institutional Investor GFNorte reached first place in the next categories among companies in all sectors in Mexico: Best Company Board of Directors, chaired by Carlos Hank González, Best Chief Executive Officer, headed by Marcos Ramírez Miguel, and Best CFO, led by Rafael Arana de la Garza Carlos Hank González, Chairman of the Board of Grupo Financiero Banorte, commented: "This recognition is the result of the strategy and effort of all of us who are part of the best banking team in Mexico and reinforces our focus on making the ordinary extraordinary for our investors, clients, and employees" NEW YORK , Sept. 6, 2024 /PRNewswire/ -- Institutional Investor, a renowned U.S. financial publication, presented Carlos Hank González, Chairman of the Board of Grupo Financiero Banorte (GFNorte), with the Most Honored Company award in its annual Latin America Executive Team 2024 ranking.

Carlos Hank González, Chairman of Grupo Financiero Banorte, receives the Most Honored Company award from Institutional Investor

Grupo Financiero Banorte, S.A.B. de C.V. (OTCQX:GBOOY) Q2 2024 Results Conference Call July 24, 2024 11:00 AM ET Company Participants Tomas Lozano - Head of Corporate Development, Investor Relations Marcos Ramirez - Chief Executive Officer Rafael Arana - Chief Operating Officer, Chief Financial Officer Alejandro Padilla - Chief Economist Gerardo Salazar Viezca - Chief Credit and Risk Officer Conference Call Participants Yuri Fernandes - JP Morgan Ernesto Gabilondo - Bank of America Natalia Corfield - JP Morgan Brian Flores - Citi Renato Meloni - Autonomous Jorge Kuri - Morgan Stanley Tito Labarta - Goldman Sachs Carlos Gomez-Lopez - HSBC Edson Murguia - SummaCap Nicolas Riva - Bank of America Tomas Lozano [Call Stated Abruptly] full disclaimer regarding forward looking statements.

Grupo Financiero Banorte, S.A.B. de C.V. (GBOOY) Q2 2024 Earnings Call Transcript

Dublin, July 08, 2024 (GLOBE NEWSWIRE) -- The "Grupo Financiero Banorte - Digital transformation strategies" company profile has been added to ResearchAndMarkets.com's offering. This report provides insight into Banorte's fintech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, its estimated ICT budget, and its major ICT contracts. Grupo Financiero Banorte SAB de CV (GFNorte) is a financial services group, which offers a range of banking and related financial solutions. It offers retail and commercial banking, brokerage, retirement and insurance solutions, asset management, and other solutions. The product portfolio includes savings, checking and payroll accounts; mortgage; debit and credit card; personal and auto credit; term investment funds; short-and long-term credit; and investment products. GFNorte offers insurance coverage for risks including life, home, car, integral protection, personal accident, business damage. It also offers services such as treasury, leasing, factoring, foreign exchange, asset management, foreign trade, payroll, remittance, estate planning, collection, trust, financing, international banking, internet banking, and mobile banking. In 2018, Banorte launched Cells - a group of multi-disciplinary teams developing initiatives that focus on enhancing customer experiences. Through this initiative, Banorte evaluates and prioritizes initiatives across digital banking and self-service channels, providing customers with the highest impact omnichannel experiences. In May 2021, Banorte, Monterrey Digital Hub, and the UK's Department of International Trade collaborated to develop the ScaleUp Bridge program. With this program, the company aims to support British fintech's with specialized advice and mentoring and then connect them to Mexico's digital entrepreneurship ecosystem. The program provides opportunities for fintech companies to develop innovative solutions and services and promote growth in the areas of payments and remittances, identity and fraud, credit scoring, crowdfunding, and corporate financial management. Scope

Grupo Financiero Banorte Digital Strategy Analysis Report 2024: Accelerators, Incubators, and Other Innovation Programs

Banorte is a diversified bank that over the past three years has comfortably outperformed both the local market and the S&P 500. The bank is exhibiting sustainable growth in ROE, book value, and NII. Also, with a core-bank NIM that has been barely affected by higher funding costs, displaying signs of resiliency. With a price-to-book trading close to its historical average, coupled with tailwinds in the Mexican economy, and an electoral result that seems anticipated, I rate this company as a buy.

Banorte: Growth From Almost Everywhere

Grupo Financiero Banorte, S.A.B. de C.V. (OTCQX:GBOOF) Q1 2024 Earnings Call Transcript April 17, 2024 11:00 AM ET Company Participants Tomas Lozano - Head of Corporate Development, Investor Relations Marcos Ramirez - Chief Executive Officer Rafael Arana - Chief Financial Officer Fernando Soberon - Managing Director, Annuities and Pensions José Francisco Martha González - MD Digital Banking Conference Call Participants Yuri Fernandes - JPMorgan Thiago Batista - UBS Beatriz Abreu - Goldman Sachs Renato Meloni - Autonomous Nicolas Riva - Bank of America Carlos Gomez-Lopez - HSBC Andres Soto - Santander Natalia Corfield - JP Morgan Edson Murguia - SummaCap Tejkiran Kannaluri - White Oak Capital Operator Good morning.

Grupo Financiero Banorte, S.A.B. de C.V. (GBOOF) Q1 2024 Earnings Call Transcript

Grupo Financiero Banorte, S.A.B. de C.V. (GBOOY) Q4 2023 Earnings Call Transcript

Mexico's Grupo Financiero Banorte reported on Wednesday a 13% increase in its fourth-quarter net profit, driven by loan growth, a decline in interest expense and lower funding costs.

Mexico's Banorte posts 13% profit jump in Q4 pushed by loan growth

Blackstone Group

Investors interested in Financial - Miscellaneous Services stocks are likely familiar with Grupo Financiero Banorte SAB de CV (GBOOY) and Blackstone Inc. (BX). But which of these two stocks is more attractive to value investors?

GBOOY vs. BX: Which Stock Should Value Investors Buy Now?

Banorte has defied earnings expectations in recent quarters. Management is also making all the right moves to limit any rate-driven normalization impact ahead. The stock may have re-rated into year-end but is still priced quite reasonably relative to its underlying fundamentals.

Banorte: Riding The Mexican Momentum

Grupo Financiero Banorte, S.A.B. de C.V. (GBOOF) Q3 2023 Earnings Call Transcript

Fomento Economico Mexicano SAB de CV

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Bloomberg Opinion columnist Eduardo Porter, who covers Latin America for the publication, recently wondered if Mexico could find a way to true prosperity. For example, the country's gross domestic product (GDP) is up to 35%, a distinctive rise from the 5% export status in 1990.

3 Must-Buy Stocks for the Coming Mexico Boom

Banorte has begun to reset its rate-sensitive balance sheet as Mexico inches closer to its rate cut cycle. Margins will inevitably compress, but the bank has multiple levers to mitigate the impact and can always fall back on the broader economic upswing in Mexico. There are positives in the stock, but given Banorte's underlying growth potential and industry-leading payout, investors should still come out ahead here.

Grupo Financiero Banorte: Rate Cuts Loom, But There's Still Cause For Optimism

Brookfield Asset Management

Investors interested in Financial - Miscellaneous Services stocks are likely familiar with Grupo Financiero Banorte SAB de CV (GBOOY) and Brookfield Asset Management (BAM). But which of these two stocks presents investors with the better value opportunity right now?

GBOOY or BAM: Which Is the Better Value Stock Right Now?

Investors with an interest in Financial - Miscellaneous Services stocks have likely encountered both Grupo Financiero Banorte SAB de CV (GBOOY) and Brookfield Asset Management (BAM). But which of these two companies is the best option for those looking for undervalued stocks?

GBOOY vs. BAM: Which Stock Is the Better Value Option?

Grupo Financiero Banorte, S.A.B. de C.V. (OTCQX:GBOOF) Q2 2023 Earnings Conference Call July 21, 2023 11:00 AM ET Company Participants Tomás Lozano - Head, Corporate Development, Investor Relations and ESG Marcos Ramirez - Chief Executive Officer Rafael Arana - Chief Operating Officer and CFO Gerardo Salazar - Chief Risk Officer Fernando Soberon - Chief Product Development Officer Alejandro Padilla - Chief Economist Conference Call Participants Gustavo Schroden - Bradesco Geoffrey Elliott - Autonomous Tito Labarta - Goldman Yuri Fernandes - JPMorgan Ernesto Gabilondo - Bank of America Luis Yance - Compass Group Olavo Arthuzo - UBS José Cuenca - Citi Carlos Gomez - HSBC Tejkiran Magesh - WhiteOak Capital Natalia Corfield - J.P.

Grupo Financiero Banorte, S.A.B. de C.V. (GBOOF) Q2 2023 Earnings Call Transcript

Mexico's Grupo Financiero Banorte reported on Thursday a 14% increase in second-quarter net profit, hitting 13.09 billion pesos ($764.68 million) on better results in its insurance and annuities and trading units.

Mexico's Banorte posts profit boost on insurance, trading units

Investors with an interest in Financial - Miscellaneous Services stocks have likely encountered both Grupo Financiero Banorte SAB de CV (GBOOY) and Blackstone Inc. (BX). But which of these two stocks presents investors with the better value opportunity right now?

GBOOY or BX: Which Is the Better Value Stock Right Now?

Moody's

Investors looking for stocks in the Financial - Miscellaneous Services sector might want to consider either Grupo Financiero Banorte SAB de CV (GBOOY) or Moody's (MCO). But which of these two stocks presents investors with the better value opportunity right now?

GBOOY vs. MCO: Which Stock Should Value Investors Buy Now?

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Grupo Financiero Banorte, S.A.B. de C.V. (GBOOF) Q1 2023 Earnings Call Transcript.

Grupo Financiero Banorte, S.A.B. de C.V. (GBOOF) Q1 2023 Earnings Call Transcript

Mexican lender Grupo Financiero Banorte is preparing to hire 800 new employees to tap into growing demand from global companies moving their manufacturing operations to Mexico, its chairman told Reuters.

Mexico's Banorte to add 800 jobs to tap into nearshoring

Mexican lender Grupo Financiero Banorte is preparing to launch a digital bank late this year or in early 2024, which it hopes will add about 3 million customers, its chairman said on Tuesday.

Mexico's Banorte targets 3 mln customers for new digital bank -chairman

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News for Grupo Financiero Banorte SAB de CV Stock (GBOOY)