Banorte (GFNORTEO MM): Constructive Citi and BBVA Read-Across for 3Q 2020
Positive recent read-across trends from both Citi's and BBVA's Mexican operations indicate an improving fundamental outlook for Banorte; combine...
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Banorte Ranks Attractively Based on Mexican Banks’ July Data
Mexican equities generally lie in the out-of-favour, value category and we focus in on Mexican banks, based on the July 2020 data trends Banorte...
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EM Banks Through the Credit Quality and Value Lens
Our 2Q20 screens reveal the wide range in cost of risk amongst EM banks We screen for banks that are well capitalised and have ”kitchen sinked”...
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Bank Credit Strategy: Pre-Positioning for AT1 Price Accretion
Our top five picks for Additional Tier 1 (AT1) price accretion comprise bonds issued by TMB Bank PCL (TMB TB), Banco Santander Brasil SA (SANB11...
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Mexican Banks: Confronting the Credit Quality Challenge
Mexican banks have mostly increased provision charges, to bolster loan loss reserves and prepare for the worsening credit quality outlook The...
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