Banorte stock: JPMorgan lowers target to MXN 232.00

Published on 10/23/2026 at 16:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Banorte earned MXN 15.55 billion in the second quarter of 2026. Banorte stock costs EUR 10.00 on October 23, 2026, up 0.66 percent on BMV.

JPMorgan target lowered

JPMorgan lowered its Banorte target to MXN 232.00 on October 15, 2026.
Banorte reported MXN 15.55 billion in net income for the second quarter of 2026.
Banorte stock costs EUR 10.00 at Lang & Schwarz on October 23, 2026 at 4:29 p.m. CEST, while the BMV quote was up 0.66 percent.
Banorte's next results conference call is scheduled for November 4, 2026.

Banorte, MXP370711014, Illustration mit AI erstellt.

JPMorgan lowered its target for Banorte to MXN 232.00 on October 15, 2026, while the second-quarter net income figure gives investors a separate earnings reference. StreetInsider reported the analyst action. At Lang & Schwarz, Banorte stock was trading at EUR 10.00 on October 23, 2026 at 4:29 p.m. CEST.

JPMorgan target stays above the quote

The MXN 232.00 target stood 10.85 percent above the BMV quote of MXN 209.29 on October 23, 2026, using the same home-currency basis. The source names the new target but does not state the previous target, so the change is presented as a level rather than a percentage reduction.

Second-quarter earnings reached MXN 15.55 billion

Banorte reported MXN 15.55 billion in net income for the second quarter of 2026, up 0.60 percent from MXN 15.46 billion in the first quarter. TradingView lists both quarterly figures and identifies the Mexican Stock Exchange listing.

Valuation and November 4 date

Banorte's market capitalization was MXN 580.7 billion on October 23, 2026, with a price-to-earnings ratio of 8.26 and a dividend yield of 0.08 percent. The 52-week range was MXN 164.00 to MXN 210.00, placing the BMV quote 0.34 percent below the high.

Banorte's investor-relations calendar schedules the third-quarter 2026 results conference call for November 4, 2026 at 10:00 a.m. ET. Grupo Financiero Banorte lists the event on its investor-relations page.

Comparison with peers

Banorte: up 0.66 percent on the BMV, price-to-earnings ratio 8.26, market capitalization MXN 580.7 billion.

Grupo Financiero Inbursa: down 0.17 percent on the BMV, price-to-earnings ratio 13.46, market capitalization MXN 278.4 billion.

Banco del Bajio: down 0.31 percent on the BMV, price-to-earnings ratio 7.69, market capitalization MXN 69.0 billion.

Banorte stock remains near its yearly high

The latest market picture combines an analyst target of MXN 232.00 with second-quarter net income of MXN 15.55 billion and a 52-week high of MXN 210.00. The next dated corporate event is the November 4, 2026 results call.

Banorte stock was trading at EUR 10.00 at Lang & Schwarz on October 23, 2026 at 4:29 p.m. CEST; the BMV quote was up 0.66 percent on the day. The further course of trading is shown by the continuously updated real-time quote of Banorte stock.