GFNORTE O logo

Grupo Financiero Banorte, S.A.B. de C.V. Stock Price

BMV:GFNORTE O Community·Mex$519.0b Market Cap
  • 1 Narratives written by author
  • 0 Comments on narratives written by author
  • 25 Fair Values set on narratives written by author

GFNORTE O Share Price Performance

Mex$190.75
17.32 (9.99%)
Mex$220.87
Fair Value
Mex$190.75
17.32 (9.99%)
13.6% undervalued intrinsic discount
Mex$220.87
Fair Value
Price Mex$190.75
AnalystConsensusTarget Mex$220.87

GFNORTE O Community Narratives

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Fair Value Mex$220.87 13.6% undervalued intrinsic discount

GFNORTE O: Digital Investments And Cost Control Will Fuel Mexican Market Share

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Updated Narratives

GFNORTE O logo

GFNORTE O: Data Center Relocation Will Support Higher Future Earnings Multiple

Fair Value: Mex$220.87 13.6% undervalued intrinsic discount
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Snowflake Analysis

Flawless balance sheet average dividend payer.

1 Risk
3 Rewards

Grupo Financiero Banorte, S.A.B. de C.V. Key Details

Mex$141.1b

Revenue

Mex$0

Cost of Revenue

Mex$141.1b

Gross Profit

Mex$79.8b

Other Expenses

Mex$61.3b

Earnings

Last Reported Earnings
Mar 31, 2026
Next Reporting Earnings
Jul 21, 2026
22.09
100.00%
43.46%
251.7%
View Full Analysis

About GFNORTE O

Founded
1899
Employees
35176
CEO
Jose Ramirez Miguel
WebsiteView website
www.banorte.com

Grupo Financiero Banorte, S.A.B. de C.V., through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally. It offers retail banking services, including checking and deposit accounts; credit and debit cards; mortgage, car, payroll, and personal loans; SME loans; payroll accounts; and car, home, life, and SME insurance. The company also provides wholesale banking services, such as structured loans, syndicated loans, leveraged acquisitions, investment planning, and cash management of collections, trust services, payroll, checking accounts, and credit lines; online banking, collections and payments, acquirer services, payroll, cash management and reconciliation services, currency trading, excess cash and liquidity management, and hedging and insurance; and import-export letters of credit, documentary collections, bank guarantees, standby letters of credit, letter of credit financing, import-export foreign trade financing, foreign trade structured financing, discounted import bills of exchange, import bank guarantees, international wire transfers, and remittances. In addition, it offers checking solutions, including current investment and debit accounts; financial solutions comprising SME loans and commercial credit cards; technological solutions, such as online banking, PST, and payroll; and commercial insurance solutions that consist of auto, home, and employee insurance. The company was founded in 1899 and is based in Mexico City, Mexico.

Recent GFNORTE O News & Updates

Narrative Update May 20

GFNORTE O: Data Center Relocation Will Support Higher Future Earnings Multiple

Analysts have kept their MX$220.87 price target for Grupo Financiero Banorte, de largely unchanged. This is supported by relatively stable fair value assumptions, along with slight adjustments to the discount rate, revenue growth, profit margin, and expected future P/E levels.
Narrative Update Apr 29

GFNORTE O: Data Center Migration Will Support Higher Future Earnings Multiple

Analysts now set a slightly lower MX$220.87 price target for Grupo Financiero Banorte, de. The adjustments reflect updated views on revenue growth, profit margins and the stock's future P/E multiple.
Narrative Update Apr 15

GFNORTE O: Data Center Migration Will Support Stronger Forward Earnings Profile

Analysts now set their price target for Grupo Financiero Banorte at roughly MX$221.80 per share, a minor adjustment that reflects updated views on discount rates, revenue growth expectations, profit margins, and forward P/E assumptions. What's in the News Relocated its mainframe data center from Mexico City to Querétaro to reduce business risks linked to natural disasters and to reinforce its digital backbone (Key Developments) Upgraded core storage infrastructure with Hitachi Vantara Virtual Storage Platform systems to support higher performance in its mainframe environment (Key Developments) Implemented Hitachi Universal Replicator technology to enable data replication with zero reported data loss and minimal downtime during the migration (Key Developments) Valuation Changes Fair Value: updated from MX$221.67 to MX$221.80, representing a very small upward adjustment in the modeled share value.

Recent updates

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