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Banco Santander (Mexico)
Native name
Grupo Financiero Santander México, S.A.B. de C.V.
Type
  • sociedad anónima bursátil de capital variable
Traded as
  • BMV: SANMEX
  • NYSE: BSMX (ADR)
Industry Financial services
Founded 14 November 1991; 25 years ago (1991-11-14)
Headquarters 500 Avenida Prolongación Paseo de la Reforma, Colonia Lomas de Santa Fe, Álvaro Obregón, Mexico City, Mexico
Key people
Héctor Grisi Checa (Chairman and CEO)
Services Retail and corporate banking
Owner Banco Santander (74.97%)
Parent Banco Santander
Subsidiaries
  • Banco Santander (México) S.A. (99.99%)
  • Casa de Bolsa Santander S.A. (99.99%)
Website Official website (in Spanish)

Grupo Financiero Santander México, S.A.B. de C.V. is a Mexican banking group and a subsidiary of Spanish bank Banco Santander.

The Mexican banking group Grupo Financiero InverMexico was founded in 1991. In 1997, the group was renamed Grupo Financiero Santander Mexicano, after the group was acquired by Banco Santander. In 1998, the group merged with Grupo Financiero Santander Mexico. In 2000, the group merged with sister group Grupo Financiero Serfin. The group was renamed to Grupo Financiero Santander Serfin in 2001.

In 2003, Bank of America purchased 24.9% stake of the group from parent company Banco Santander of Spain. In 2006, the group renamed again as Grupo Financiero Santander, S.A. de C.V. and later that year as Grupo Financiero Santander, S.A.B. de C.V. (publicly traded variable capital corporation).

Banco Santander (México) S.A. was founded on November 16, 1932, under the name Banco Mexicano. In 1955 Sociedad Mexicana de Crédito Industrial (Banco Somex) purchased a controlling interests of the bank. In 1958 Banco Mexicano merged with Banco Español. In 1979 the bank changed its name to Banco Mexicano Somex. In 1982 banks were nationalized. In 1992 InverMexico acquired Banco Mexicano. In 1996 the group was acquired by Banco Santander. In 2001 the bank was renamed as Banco Santander Mexicano.

In 2004 Banco Santander Mexicano and Banca Serfin were merged to form Banco Santander Serfin. In 2008 it was renamed as Banco Santander (México).

In 1970 Banco de Londres y México (es) merged with Compañía General de Acceptaciones to form Banca Serfin. In 1992 the bank was acquired by Operadora de Bolsa and Banco Santander in 2000. The bank became defunct after a merger with Banco Santander Mexicano in 2004.


News

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2020 2020-07-29 0.00 0.00
Q1 2020 2020-04-29 0.20 0.00
Q4 2019 2020-01-30 0.19 0.80
Q3 2019 2019-10-31 0.21 0.00
Q2 2019 2019-08-21 0.22 0.00
Q1 2019 2019-04-30 0.20 0.00
Q4 2018 2019-01-31 0.17 0.73
Q3 2018 2018-10-31 0.20 0.00
Q2 2018 2018-07-26 0.19 0.00
Q1 2018 2018-04-26 0.19 0.00

Ratings

2016-07-05 Downgrade Deutsche Bank AG Hold to Sell $8.00 to $9.00
2016-06-22 Upgrade Barclays Underperform to Equal Weight
2016-06-22 Upgrade Barclays PLC Underperform to Equal Weight
2016-01-11 Upgrade Bank of America Underperform to Neutral
2016-01-11 Upgrade Bank of America Corp. Underperform to Neutral
2015-10-30 Upgrade JPMorgan Chase & Co. Neutral to Overweight
2015-10-26 Upgrade Citigroup Inc. Sell to Neutral
2015-10-13 Upgrade Credit Suisse Neutral to Outperform
2015-10-13 Upgrade Credit Suisse Group AG Neutral to Outperform
2015-07-21 Upgrade Goldman Sachs Sell to Neutral
2015-07-21 Upgrade Goldman Sachs Group Inc. Sell to Neutral
2015-02-04 Upgrade JPMorgan Chase & Co. Underweight to Neutral $12.00
2015-01-21 Upgrade Credit Suisse Underperform to Neutral
2014-07-14 Reiterated Rating JPMorgan Chase & Co. Underweight $12.00 to $14.00
2014-05-02 Upgrade Morgan Stanley Equal Weight to Overweight
2014-05-01 Upgrade RBC Capital Underperform to Sector Perform $11.00 to $12.00
2014-02-06 Downgrade Barclays Equal Weight to Underweight
2014-02-03 Lower Price Target RBC Capital Sector Perform to Underperform $13.00 to $11.00
2014-01-31 Downgrade Bank of America Neutral to Underperform
2013-11-01 Downgrade Deutsche Bank Buy to Hold
2013-10-09 Downgrade Citigroup Inc. Buy to Neutral
2016-07-05 Downgrade Deutsche Bank AG Hold to Sell $8.00 to $9.00
2016-06-22 Upgrade Barclays Underperform to Equal Weight
2016-06-22 Upgrade Barclays PLC Underperform to Equal Weight
2016-01-11 Upgrade Bank of America Underperform to Neutral
2016-01-11 Upgrade Bank of America Corp. Underperform to Neutral

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks

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