Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Shares Gap Up – Here’s What Happened

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $56.6999, but opened at $58.92. Grupo Financiero Banorte SAB de CV shares last traded at $54.72, with a volume of 943 shares.

Grupo Financiero Banorte SAB de CV Trading Up 1.4%

The company has a market capitalization of $32.35 billion, a P/E ratio of 9.69, a PEG ratio of 1.25 and a beta of 0.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a fifty day moving average of $54.98 and a 200 day moving average of $55.06.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.01. Grupo Financiero Banorte SAB de CV had a return on equity of 22.25% and a net margin of 14.97%.The business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.29 billion. As a group, equities research analysts anticipate that Grupo Financiero Banorte SAB de CV will post 6.46 EPS for the current fiscal year.

About Grupo Financiero Banorte SAB de CV

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.