Analyst Coverage

Below you will find a summary of recommendations from the main analysts that cover our stock. The opinions, estimates and projections published by analysts represent their own opinion, and it is not intended to represent the opinions, estimates and projections of Banorte Group.

Average Target Price: Ps 156.36

Financial Indicators	Analyst Consensus
	E2022	E2023
Net Income	43,006	48,140
ROE	18.29%	19.19%
EPS	15.19	16.80

Broker	Analyst	Recommendation	Date
Actinver	Valentín Mendoza	Buy	Apr 21, 2022
Autonomous	Geoffrey Elliott	Buy	Jul 21, 2022
Barclays	Gilberto García	Buy	Jul 22, 2022
BBVA	Rodrigo Ortega	Buy	Jul 22, 2022
BOFA- Merrill Lynch	Mario Pierry	Buy	Jul 21, 2022
Bradesco	Gustavo Schroden	Buy	Jul 24, 2022
BTG Pactual	Eduardo Rosman	Buy	Jul 21, 2022
Citi	José Luis Cuenca	Buy	Aug 22, 2022
GBM	Carlos Legarreta	Buy	Jan 17, 2022
Goldman Sachs	Tito Labarta	Buy	Jul 25, 2022
HSBC	Carlos Gómez	Buy	Aug 7, 2022
Intercam	Carlos Gómez	Buy	Jul 21, 2022
Itaú BBA	Jorge Pérez Araya	Buy	Aug 21, 2022
JP Morgan	Domingos Falavina	Buy	Jul 25, 2022
Monex	J. Roberto Solano	Buy	Jul 21, 20221
Santander	Andrés Soto	Buy	May 26, 2022
Scotiabank	Jason Mollin	Buy	Jul 22, 2022
UBS	Thiago Batista	Buy	Jul 24, 2022
Vector	Marco Montañez	Buy	Jul 21, 2022
Credit Suisse	Alonso García	Hold	Jul 21, 2022
Nau	Iñigo Vega	Hold	Mar 29, 2021
Morgan Stanley	Jorge Kuri	Hold	Jul 22, 2022