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    Banco Santander Mexico S.A. Institucion de Banca Multiple Grup

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    $BSMX
    Commercial Banks
    Finance

    Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México provides various banking products and services in Mexico. The company operates through Retail Banking and Corporate and Investment Banking segments. It offers various deposit products, such as current accounts, savings accounts, and time deposits, as well as certificates of interbank deposits; and payroll loans, personal loans, credit cards, mortgages, and insurance brokerage services. The company also provides cash management, working capital solutions, and trade finance; structured credit and debt products, project finance, and asset based finance; financial and strategic advisory services for mergers and acquisition; solutions and services for investing and hedging; and Internet and mobile banking services. It serves individuals, private banking clients, small and medium-sized enterprises, middle-market corporations, government institutions, and corporate and institutional customers. As of December 31, 2020, it operated through a network of 1,350 offices; 9,448 ATMs; and 2,297 contact center positions. The company was formerly known as Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander and changed its name to Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in September 2012. The company was incorporated in 1932 and is headquartered in Mexico City, Mexico. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México is a subsidiary of Banco Santander, S.A.

    IPO Year: 2012

    Exchange: NYSE

    Website: santander.com.mx

    Peers

    $SAN

    Recent Analyst Ratings for Banco Santander Mexico S.A. Institucion de Banca Multiple Grup

    DatePrice TargetRatingAnalyst
    3/30/2022$6.00Overweight → Neutral
    JP Morgan
    1/14/2022$7.00Neutral
    Goldman
    11/18/2021$8.00 → $7.00Buy → Underperform
    B of A Securities
    11/2/2021$7.50Buy → Hold
    HSBC
    See more ratings