Santander Mexico Gains Most on IPC Gauge as JPMorgan Says Buy
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
SANMEXB MM (Grupo Financiero Santander Mexico SAB de CV)
People
Domingos Falavina (JPMorgan Chase & Co)
Topics
Emerging Mkts News, Analysis
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UUID: 7947283
(Bloomberg) -- Shares rise as much as 3.2%, the biggest jump since April 24.
- SANMEXB raised to overweight by JPM analyst Domingos Falavina on valuation; PT increased to 38 pesos from 34 pesos
- JPM expects EPS growth of 14% in 2017, citing resilient loan growth, increased margins, “solid” asset quality
- Mexican financial system seen benefiting from sustained higher rates and credit growth expected to sit around 9% to 10% in coming years
- NOTE: SANMEXB has 5 buys, 10 holds, 4 sells; avg PT 33 pesos
- NOTE, April 28: Santander Mexico 1Q Net MXN4.52b, Est. MXN4.17b, Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
SANMEXB MM (Grupo Financiero Santander Mexico SAB de CV)
People
Domingos Falavina (JPMorgan Chase & Co)
Topics
Emerging Mkts News, Analysis
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283