Banorte traded at 182.70 this Wednesday June 24th, decreasing 2.07 or 1.12 percent since the previous trading session. Looking back, over the last four weeks, Banorte lost 3.14 percent. Over the last 12 months, its price rose by 4.90 percent. Looking ahead, we forecast Banorte to be priced at 183.88 by the end of this quarter and at 168.65 in one year, according to Trading Economics global macro models projections and analysts expectations.
Grupo Financiero Banorte SAB de CV is a Mexico-based financial institution (the Bank) engaged in the banking sector. The Bank operates in four business sectors: Banking, Savings, Brokerage and Other financial services. The Banking division provides current accounts, consumer and commercial loans, as well as credit and debit cards, among others. The Savings division offers products related to insurance and pension schemes. The Brokerage division focuses on the investment funds management and securities trading. The Other financial services division includes leasing, factoring, portfolio management and warehousing, among others. The Bank offers financial products and services to individual and business customers. It operates through a number of subsidiaries, such as Almacenadora Banorte SA de CV Organizacion Auxiliar del Credito Grupo Financiero Banorte, Casa de Bolsa Banorte IXE SA de CV Grupo Financiero Banorte and Ixe Servicios SA de CV.