Banco Santander Mexico downgraded by B of A Securities with a new price target
$BSMX
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B of A Securities downgraded Banco Santander Mexico from Buy to Underperform and set a new price target of $7.00 from $8.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/30/2022 | $6.00 | Overweight → Neutral | JP Morgan |
| 1/14/2022 | $7.00 | Neutral | Goldman |
| 11/18/2021 | $8.00 → $7.00 | Buy → Underperform | B of A Securities |
| 11/2/2021 | $7.50 | Buy → Hold | HSBC |
Total loans grew 5.2% YoY, with strong increase in individual loans, mainly due to double-digit growth in credit cards, payroll and auto loans.In terms of total deposits, we had solid growth of 14.6% YoY, driven by the good performance of term deposits, on the back of a higher interest rate environment. Meanwhile, contribution of individuals in total deposits represented 40.1%, compared with 24.2% in 2016.Net income increased 49.2% YoY, mainly due to the solid increase in NII and fees, despite increases in provisions and expenses. Thus, demonstrating that our strategy has significant potential in this current environment.MEXICO CITY, April 26, 2023 /PRNewswire/ -- Banco Santander México, S.A
MEXICO CITY, April 19, 2023 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX, BMV:BSMX) ("Banco Santander México" or the "Bank") one of the leading banking institutions in Mexico, announced today that it will release its first quarter 2023 financial results after market close on Wednesday, April 26, 2023. A conference call will be held on April 27, 2023 at 12:00 p.m. U.S. ET (10:00 a.m. Mexico City Time). The conference call can be accessed by dialing 1-844-826-3035 (U.S. & Canada) or 1-412-317-5195 (International) and ask for "Banco Santander México's Earnings Call". A presentation will also be available for download f
MEXICO CITY, Feb. 28, 2023 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (BMV:BSMX, NYSE:BSMX) ("Banco Santander México" or the "Bank") one of the leading banking institutions in Mexico, announces that its Annual Report on Form 20-F (the "20-F"), reporting its financial and operational data for 2022, was filed with the U.S. Securities and Exchange Commission, or the SEC, on February 28, 2023. The Form 20-F can be accessed either by visiting the SEC's website at www.sec.gov or Santander Mexico's corporate website at www.santander.com.mx/ir. Any shareholder may receive a printed copy of the Form 20-F, which includes Santander Mex
MEXICO CITY, July 21, 2022 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (BMV:BSMX, NYSE:BSMX) ("Banco Santander México" or the "Bank") one of the leading banking institutions in Mexico, announced that, on the date hereof, its Board of Directors approved the appointment of Mr. Felipe García Ascencio as Chief Executive Officer of the Bank, replacing Mr. Héctor Grisi Checa. Mr. Héctor Grisi will remain as Executive Chairman and Chief Executive Officer of Grupo Financiero Santander México (the "Group") until December 31, 2022. Mr. Felipe García Ascencio has a degree in Economics from the Instituto Tecnológico Autónomo de México an
MEXICO CITY, April 19, 2023 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX, BMV:BSMX) ("Banco Santander México" or the "Bank") one of the leading banking institutions in Mexico, announced today that it will release its first quarter 2023 financial results after market close on Wednesday, April 26, 2023. A conference call will be held on April 27, 2023 at 12:00 p.m. U.S. ET (10:00 a.m. Mexico City Time). The conference call can be accessed by dialing 1-844-826-3035 (U.S. & Canada) or 1-412-317-5195 (International) and ask for "Banco Santander México's Earnings Call". A presentation will also be available for download f
MEXICO CITY, Jan. 18, 2023 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX, BMV:BSMX) ("Santander México"), one of the leading banks in Mexico, announced today that it will release its fourth quarter 2022 financial results after market close on Thursday, February 2, 2023. A conference call will be held on February 3, 2023 at 10:00 a.m. U.S. ET (9:00 a.m. Mexico City Time). The conference call can be accessed by dialing 1-877-407-4018 (U.S. & Canada) or 1-201-689-8471 (International) and ask for "Banco Santander México's Earnings Call". A presentation will also be available for download from the company's IR site after
MEXICO CITY, Oct. 10, 2022 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX, BMV:BSMX) ("Santander México"), one of the leading banks in Mexico, announced today that it will release its third quarter 2022 financial results after market close on Thursday, October 27, 2022. A conference call will be held on October 28, 2022 at 10:00 a.m. U.S. ET (9:00 a.m. Mexico City Time). The conference call can be accessed by dialing 1-877-407-4018 (U.S. & Canada) or 1-201-689-8471 (International) and ask for "Banco Santander México's Earnings Call". A presentation will also be available for download from the company's IR site after m
SC 13D - Banco Santander Mexico S.A., Institucion de Banca Multiple, Grupo Financiero Santander Mexico (0001698287) (Subject)
13F-NT - Banco Santander Mexico S.A., Institucion de Banca Multiple, Grupo Financiero Santander Mexico (0001698287) (Filer)
SC 13E3/A - Banco Santander Mexico S.A., Institucion de Banca Multiple, Grupo Financiero Santander Mexico (0001698287) (Subject)
SC TO-T/A - Banco Santander Mexico S.A., Institucion de Banca Multiple, Grupo Financiero Santander Mexico (0001698287) (Subject)
JP Morgan downgraded Banco Santander Mexico from Overweight to Neutral and set a new price target of $6.00
Goldman resumed coverage of Banco Santander Mexico with a rating of Neutral and set a new price target of $7.00
B of A Securities downgraded Banco Santander Mexico from Buy to Underperform and set a new price target of $7.00 from $8.00 previously
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Banco Santander Mexico (NYSE:BSMX) reported quarterly earnings of $0.24 per share which beat the analyst consensus estimate of $0.21 by 14.29 percent. This is a 26.32 percent increase over earnings of $0.19 per share from the same period last year. The company reported quarterly sales of $1.28 billion which beat the analyst consensus estimate of $1.27 billion by 0.47 percent. This is a 27.22 percent increase over sales of $1.00 billion the same period last year.
Banco Santander Mexico (NYSE:BSMX) is set to give its latest quarterly earnings report on Thursday, 2023-02-02. Here's what investors need to know before the announcement. Analysts estimate that Banco Santander Mexico will report an earnings per share (EPS) of $0.21. Banco Santander Mexico bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Here's a look at Banco Santander Mexico's past performance and the resulting price change: