Banorte (GFNORTEO MM) – Triple Jeopardy in Play for 2024?
Banorte had a strong end to 2023, but there are 2024 concerns about potential erosion of net interest margin, structurally higher opex – due...
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Banorte & Mexican Banks – Peaking Returns Due to Credit Spread Erosion and Worsening Credit Risk
Bank sector headwinds appear in the May data and Banorte's 2Q23 results with rising funding costs eroding spreads and worsening NPL trends; we are...
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EM Fund Positioning: All You Need to Know
In this analysis, we provide a detailed overview of investor positioning among 250 active Global Emerging Market funds with combined AUM of $500bn.
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Banamex Update and Mexican Banks’ January Data – First Look at Early 1Q 2024 Trends
Sector trends show headwinds credit costs and maybe opex. BanBajio's strong ROE, high capital ratio and modest valuations make it a more attractive...
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Nubank (NU US): The Challenges for 2024
Nubank Brazil's focus is growing secured lending and high-income retail, while Nu Mexico aims to build the credit book; hurdles include containing...
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