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

Grupo Financiero Banorte: Rate Cuts Loom, But There's Still Cause For Optimism
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. Read More
Posted: Sep 24 2023, 02:50
Author Name: Seeking Alpha
Views: 111888

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

By Seeking Alpha
September 24, 2023

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

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 b more_horizontal

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

By Seeking Alpha
July 21, 2023

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

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 - more_horizontal

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

By Reuters
July 20, 2023

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

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 b more_horizontal


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