Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) has risen sharply, recording gains of 1.81% in the past 4 weeks. However, the stock has corrected -2.85% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.43% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Grupo Financiero Santander Mexico, S.A.B. de C.V. is up 11.71% in the last 3-month period. Year-to-Date the stock performance stands at 12.1%. The stock has recorded a 20-day Moving Average of 1.52% and the 50-Day Moving Average is 3.67%.
Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX): The stock opened at $9.51 on Friday but the bulls could not build on the opening and the stock topped out at $9.61 for the day. The stock traded down to $9.49 during the day, due to lack of any buying support eventually closed down at $9.54 with a loss of -0.42% for the day. The stock had closed at $9.58 on the previous day. The total traded volume was 605,371 shares.
Also, Equity Analysts at the JP Morgan downgrades the rating on Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Overweight. The rating by the firm was issued on August 4, 2016.
Grupo Financiero Santander Mexico SAB de CV, formerly Santander Mexico Financial Group SAB de CV or Grupo Financiero Santander SAB de CV, is a Mexico-based financial institution. The Company is primarily engaged in the provision of multiple banking services, securities brokerage, financial advice services, as well as other related investment activities. The Company offers its services to both, individual and corporate clients. The Company owns such principal subsidiaries as Banco Santander (Mexico) SA, Casa de Bolsa Santander SA de CV and Zurich Santander Seguros Mexico S.A.