UPDATE 1-Mexico's Banorte profits drop as main banking unit suffers [Reuters (UK)]
GRUPO FINC BANORTE S/ADR (GBOOY)
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Source: Reuters
Mexico's Banorte profits drop as main banking unit suffers - Reuters 1 Min Read MEXICO CITY (Reuters) - Mexico’s Grupo Financiero Banorte, which owns the country’s second-largest bank and largest pension fund, reported on Thursday a 12% drop in fourth-quarter net profits from the same quarter a year earlier. The group said its net profit in the quarter was 9.01 billion pesos ($477 million) after suffering losses from its largest business unit, Banco Mercantil del Norte, which operates as Banorte in Mexico. Reporting by Noe Torres and Stefanie Eschenbacher; Editing by Julia Love and Marguerita Choy All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2020 Reuters. All Rights Reserved.
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News
- Grupo Financiero Banorte, S.A.B. de C.V. reports Q3 results [Seeking Alpha]Seeking Alpha
- Banorte: Mexico's Banking Leader Is Available At A Deep Discount [Seeking Alpha]Seeking Alpha
- Carlos Hank González, Chairman of Grupo Financiero Banorte, receives the Most Honored Company award from Institutional InvestorPR Newswire
- Mexico stocks lower at close of trade; S&P/BMV IPC down 1.02% [Yahoo! Finance]Yahoo! Finance