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Santander Mexico: 3Q Earnings Snapshot

MEXICO CITY (AP) _ Grupo Financiero Santander Mexico SAB de CV (BSMX) on Wednesday reported third-quarter net income of $268.9 million.

The bank, based in Mexico City, said it had earnings of 20 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.

The Mexican bank posted revenue of $1.73 billion in the period. Its revenue net of interest expense was $1.11 billion, also surpassing Street forecasts.

Santander Mexico shares have declined 14 percent since the beginning of the year. The stock has dropped 27 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BSMX at https://www.zacks.com/ap/BSMX