|Bid||2.84 x 800|
|Ask||6.00 x 800|
|Day's Range||5.45 - 5.79|
|52 Week Range||4.49 - 6.67|
|Beta (5Y Monthly)||1.14|
|PE Ratio (TTM)||8.64|
|Forward Dividend & Yield||0.18 (3.10%)|
|Ex-Dividend Date||Nov 03, 2021|
|1y Target Est||7.28|
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX; BMV:BSMX) ("Santander México"), one of the leading banks in Mexico, announced today that it will release its fiscal fourth quarter 2021 financial results after market close on Thursday, February 3rd, 2022.
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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