Weakness Seen in Grupo Financiero (BSMX): Stock Tumbles 9.8%

Zacks

Grupo Financiero Santander Mexico, S.A.B. de C.V. (BSMX) saw a big move last session, as the company’s shares fell by almost 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for BSMX, as the stock is now down nearly 16% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as this banking service provider company has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

BSMX currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the banking sector include Shinhan Financial Group Company Limited (SHG), Societe Generale Group (SCGLY) and HDFC Bank Ltd. (HDB). While Shinhan Financial and Societe Generale hold a Zacks Rank #1 (Strong Buy), HDFC carries a Zacks Rank #2.

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(BSMX): Free Stock Analysis Report

SHINHAN FINANCIAL GROUP COLTD (SHG): Free Stock Analysis Report

SOCIETE GENERALE SPO (SCGLY): Free Stock Analysis Report

(HDB): Free Stock Analysis Report


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