Mexican Banks Data November 2019; Better than October, but the Soft Macro Drives Our Cautious Stance
Mexican banking trends to November show steady if uninspiring loan growth, with flattish loan spreads, and a controlled delinquency rate Given the...
412 Views
Banorte (GFNORTEO MM); Management's Initial 2020 Guidance Looks Too Optimistic
Grupo Financiero Banorte-O (GFNORTEO MM) hosted a conference call on November 4th to outline the integration of the Interacciones acquisition...
427 Views
Mexican Banks - A More Demanding Quest for Value; Take Profits on Banorte
Mexican banks and financials' solid share price performance makes the quest for value a tougher proposition We stick with our positive...
406 Views
Boost Research
Mexican Finance Minister Resigns - Policy Risks Rising?
Carlos Urzua, Mexico's finance minister, resigned yesterday citing many differences of opinion on public policy decisions and discrepancies in...
453 Views
Boost Research
Santander Parent for SanMex Offer Update; Wooing the Minorities?
Banco Santander Sa (SAN SM) shares have underpeformed Banco Santander Mexico-B (BSMXB MM) since the offer announcement in April, making the offer...
428 Views