|Bid||4.2300 x 46000|
|Ask||4.2500 x 39400|
|Day's range||4.2000 - 4.3000|
|52-week range||3.5532 - 5.5730|
|Beta (5Y monthly)||0.96|
|PE ratio (TTM)||7.70|
|Forward dividend & yield||0.15 (3.49%)|
|Ex-dividend date||03 Jan 2022|
|1y target est||N/A|
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.
Nubank has evolved in seven years from a fintech to one of Latin America's biggest credit card issuers, now on the brink of an IPO that could make it the region's largest listed bank. But Nubank's unique purple no-fee credit card has not only lured 48 million clients mainly among Brazilians long-used to hefty charges, it has also spawned a host of imitations among competitors who now threaten to knock it off its perch. In the prospectus for its New York Stock Exchange initial public offering (IPO), Nubank said one of its challenges is to increase the number of products sold per client.
Lower credit costs, a rise in net interest income, and solid balance sheet position support Mitsubishi UFJ's (MUFG) H1 results. Driven by strong performance, management raises fiscal 2021 profit view.