Banorte (GFNORTEO MM) – Triple Jeopardy in Play for 2024?
Banorte had a strong end to 2023, but there are 2024 concerns about potential erosion of net interest margin, structurally higher opex – due...
466 Views
Banorte & Mexican Banks – Peaking Returns Due to Credit Spread Erosion and Worsening Credit Risk
Bank sector headwinds appear in the May data and Banorte's 2Q23 results with rising funding costs eroding spreads and worsening NPL trends; we are...
316 Views
EM Fund Positioning: All You Need to Know
In this analysis, we provide a detailed overview of investor positioning among 250 active Global Emerging Market funds with combined AUM of $500bn.
294 Views
Banamex Update and Mexican Banks’ April Data – First Look at Early 2Q 2024 Trends
Citibank's Banamex faces lower IPO valuation amid market uncertainty; sector trends show loan growth, but rising credit costs. BanBajio shines...
211 Views
Mexico: GEM Funds Wrong-Footed After Election Results.
Pre-election bullishness towards Mexico was at it's highest ever levels in the run up to the election. Managers must now assess whether the new...
164 Views