Company Grupo Financiero Banorte, S.A.B. de C.V.

GFNORTE O

MXP370711014

Banks

Analysts' Consensus

Business Summary

Sales per region

Managers

Members of the board

Share class

Shareholders

Company contact information

Sector

Sales per Business

Ratings for Grupo Financiero Banorte, S.A.B. de C.V.

EPS Revisions

Quarterly earnings - Rate of surprise

Sector Other Banks

GRUPO FINANCIERO BANORTE, S.A.B. DE C.V.

End-of-day quote Mexican S.E. Other stock markets 06:00:00 2024-04-24 pm EDT			5-day change	1st Jan Change
175.1 ^MXN	+0.21%		+0.30%	+2.54%

Apr. 17	Transcript : Grupo Financiero Banorte, S.A.B. de C.V., Q1 2024 Earnings Call, Apr 17, 2024
Apr. 16	Grupo Financiero Banorte, S.A.B. de C.V. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

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.

Number of employees: 32,966

MXN in Million	2021	Weight	2022	Weight	Delta
Mexico 100.0 %	114,740	100.0 %	195,022	100.0 %	+69.97%

Managers	Title	Age	Since
Marcos Ramírez CEO	Chief Executive Officer	61	09-12-31
Rafael Victorio Arana de la Garza DFI	Director of Finance/CFO	72	-
Carlos Hank González CHM	Chairman	51	14-10-21
Javier Beltrán Cantú ADM	Chief Administrative Officer	-	-
José Francisco Martha González CTO	Chief Tech/Sci/R&D Officer	-	-
Carlos de la Isla Corry BRD	Director/Board Member	-	-
Gabriel Casillas Olvera IRO	Public Communications Contact	48	12-06-03
Tomás Lozano Derbez IRC	Investor Relations Contact	-	-
Manuel Antonio Romo Villafuerte PRN	Corporate Officer/Principal	-	11-03-31
Guillermo Güemez Sarre PRN	Corporate Officer/Principal	56	-

Members of the board	Title	Age	Since
Alfredo Elías Ayub BRD	Director/Board Member	74	12-03-31
Adrián G. Sada Cueva BRD	Director/Board Member	49	13-03-31
José Antonio Chedraui Eguía BRD	Director/Board Member	57	15-03-31
Thomas Stanley Heather Rodríguez BRD	Director/Board Member	69	16-03-31
Alfonso de Angoitia Noriega BRD	Director/Board Member	62	15-03-31
David Peñaloza Alanís BRD	Director/Board Member	51	19-03-31
Clemente Ismael Reyes-Retana Valdés BRD	Director/Board Member	-	-
Carlos de la Isla Corry BRD	Director/Board Member	-	-
Marcos Ramírez CEO	Chief Executive Officer	61	09-12-31
Alicia Alejandra Lebrija Hirschfeld BRD	Director/Board Member	-	-

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	2,883,456,594	2,883,456,594 ( 100.00 %)	0	100.00 %

Name	Equities	%	Valuation
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Amundi Asset Management SA (Investment Management) 0.4217 %	12,158,453	0.4217 %	130 M $
BBVA Bancomer Gestión S.A. de C.V. SOFI 0.3247 %	9,364,000	0.3247 %	100 M $
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Columbia Threadneedle Asset Managers Ltd. 0.2006 %	5,784,369	0.2006 %	62 M $

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RhumbLine Advisers LP 0.000780 %	4,499	0.000780 %	238 690 $
High Rock Capital Management, Inc. 0.000568 %	3,273	0.000568 %	173 646 $
Tucker Asset Management LLC 0.000346 %	1,994	0.000346 %	105 790 $

Grupo Financiero Banorte SAB de CV

Santa Fe Building Avenida Prolongación Reforma 1230

05349, Mexico City

http://www.banorte.com

address Grupo Financiero Banorte, S.A.B. de C.V.(GFNORTE O)

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

174.7 MXN

Average target price

202.3 MXN

Spread / Average Target

+15.76%

Consensus

Estimates Revisions

Company calendar

Financials

Banking & Investment Services

Banking Services

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