Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Issues Earnings Results, Beats Estimates By $0.19 EPS

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) posted its quarterly earnings results on Tuesday. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.35 by $0.19, Zacks reports. Grupo Financiero Banorte SAB de CV had a net margin of 12.92% and a return on equity of 21.99%.

Grupo Financiero Banorte SAB de CV Stock Up 2.3%

OTCMKTS GBOOY traded up $1.24 during trading on Tuesday, reaching $55.15. 74,776 shares of the company’s stock were exchanged, compared to its average volume of 56,479. The company has a 50 day moving average price of $48.53 and a two-hundred day moving average price of $47.26. The stock has a market cap of $31.03 billion, a P/E ratio of 10.54, a price-to-earnings-growth ratio of 1.53 and a beta of 0.83. Grupo Financiero Banorte SAB de CV has a 1 year low of $32.00 and a 1 year high of $56.06. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.23 and a current ratio of 0.23.

Grupo Financiero Banorte SAB de CV Company Profile

Grupo Financiero Banorte SAB de CV, commonly known as Banorte, is a major Mexican financial services holding company headquartered in Monterrey, Mexico. The group operates a universal banking franchise that serves retail, small and medium-sized enterprises, and large corporate clients across Mexico. Banorte provides a broad suite of banking services through an extensive branch network and digital channels and maintains an international investor presence, including ADRs that trade on the U.S. OTC market under the symbol GBOOY.

Banorte’s core businesses include retail and commercial banking—offering deposit accounts, payment and cash management services, consumer and mortgage loans, credit and debit cards, and lending to corporate clients.