Banorte
Banorte

Banorte

Coverage: Mexico
Grupo Financiero Banorte is the second largest financial group in Mexico. It operates as a full-service bank, offering a suite of products and services through its banking, insurance, asset management and broker-dealer divisions.
Location: Mexico

Latest articles from Banorte

Mexico: Timely Indicator of Economic Activity – Weakness extending to 4Q21

This indicator is an effort by INEGI to forecast the monthly GDP-proxy IGAE five weeks in advance, which is very valuable. It is constructed through nowcasting methods, based on econometric models –which in turn rely on forward-looking high-frequency...
Banorte Juan Carlos
Juan Carlos Alderete Macal @ Banorte 18 January 2022

Weekly economic calendar and Earnings Results - For the week ending Jan 21, 2022

Banorte Alejandro
Alejandro Padilla Santana @ Banorte 17 January 2022

Mexico: Ahead of the Curve

Timely Indicator of Economic Activity (December). This release will include the first estimate for December, as well as revised figures for November. Therefore, it is likely that the estimate shows a sequential decline. In this sense, IMEF’s PMIs poi...
Banorte Juan Carlos
Juan Carlos Alderete Macal @ Banorte 14 January 2022

Mexico: A hawkish calibration of our calls for the Fed and Banxico

The economy has reached levels that we see as consistent with the Fed’s dual mandate, with inflation at 7.0% and the unemployment rate at 3.9%. Given persistent supply chains issues and the renewed spread of the pandemic, we believe that high inflati...
Banorte Alejandro
Alejandro Padilla Santana @ Banorte 12 January 2022

Mexico: Industrial production – A modest setback in November

Industry below expectations in November. Supply disruptions remain a binding restriction for growth. With this, activity was 3.5% lower than in February 2020, which we use as a pre-pandemic benchmark, on top of being 7.4% lower than the historical hi...
Banorte Juan Carlos
Juan Carlos Alderete Macal @ Banorte 11 January 2022

Promotora y Operadora de Infraestructura: Flash PINFRA: Will propose a dividend with a 4.6% yield

Banorte Jose Itzamna
Jose Itzamna Espitia Hernandez @ Banorte 10 January 2022