Banorte stock gains 1.16 percent ahead of third-quarter results
Published on 10/06/2026 at 18:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Banorte (ISIN MXP370711014) was trading at MXN 189.58 on the BMV on October 6, 2026, up 1.16 percent at 9:40 a.m. CST. The next dated company checkpoint is October 28, 2026, when Grupo Financiero Banorte lists its third-quarter results conference.
Second-quarter profit sets the base
Banorte earned MXN 15.6 billion in net income in the second quarter of 2026, a 6 percent increase from the same quarter a year earlier, according to AInvest on September 17, 2026. Return on equity reached 25.7 percent, while first-half profit came to MXN 31 billion, up 4 percent year over year.
The operating figures point to a profitable lender entering the second half with explicit targets. Management reaffirmed 2026 loan growth of 8-11 percent and a return-on-equity target of 27-29 percent, the same report said.
Consensus target stays above the quote
The analyst consensus is Buy, based on 15 analysts, with an average 12-month target of MXN 224.80. The published range runs from MXN 190 to MXN 252, according to Investing.com. The average target lies 18.6 percent above the MXN 189.58 session price.
The comparison matters because the lower end of the published target range is MXN 190, only MXN 0.42 above the market quote. That leaves the consensus spread at MXN 62 between the lowest and highest targets, showing how differently analysts frame Banorte's earnings and country exposure.
Stock trades below yearly high
Banorte's session range on October 6 extended from MXN 186.71 to MXN 190.50, with volume of 2,546,279 shares. The 52-week range is MXN 164 to MXN 210, placing the quote 9.8 percent below the yearly high and 15.6 percent above the yearly low.
The market capitalization stood at MXN 533.3 billion on October 6. For investors, the October 28 results date now provides the next test of whether the bank can convert its 25.7 percent second-quarter return on equity into the 27-29 percent full-year target.
Banorte stock holds at MXN 189.58
Banorte stock was trading at MXN 189.58 on the BMV on October 6, 2026 at 9:40 a.m. CST, with the session change at plus 1.16 percent.
Key facts on Banorte stock
- Company: Grupo Financiero Banorte, S.A.B. de C.V.
- ISIN: MXP370711014
- Ticker: GFNORTEO
- Trading venue: BMV
- Price (as of October 6, 2026, 9:40 a.m. CST): MXN 189.58
- Market capitalization: MXN 533.3 billion (as of October 6, 2026)
- 52-week range: MXN 164-210 (as of October 6, 2026)
- Sector / Industry: Financials / Banks
Upcoming dates for Banorte stock
- October 28, 2026: Third-quarter 2026 results conference
