|Bid||2.84 x 1100|
|Ask||5.60 x 800|
|Day's Range||5.17 - 5.44|
|52 Week Range||4.86 - 6.67|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||0.41|
|Forward Dividend & Yield||0.39 (7.42%)|
|Ex-Dividend Date||Jun 24, 2022|
|1y Target Est||N/A|
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A Santander Mexico's executive said on Friday that sale of Citigroup's Mexican consumer banking arm Citibanamex is an attractive opportunity that should be "analyzed deeply and carefully." Any potential bid to purchase Citibanamex should ask if that is the "most efficient way" of increasing Santander Mexico's exposure to the Mexican market, said an executive during a conference call to discuss quarterly earnings.
After Citigroup Inc on Tuesday announced plans to sell its Mexican consumer banking business, analysts said homegrown billionaires such as Carlos Slim and Ricardo Salinas Pliego were among front-runners to buy the Citibanamex assets. With the finance ministry saying it is watching the sale at Citibanamex, Mexico's No. 3 consumer bank, for signs of undue market concentration, the most established players in the country appear to be less favored in the carve-up. Alejandra Marcos, an equity analyst at Intercam Banco, said Slim's Inbursa, now Mexico's seventh-largest bank, has the means to present a strong offer and would not face the same obstacles as peer Grupo Financiero Banorte from antitrust regulators due to the latter's market share.
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