Shares of Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santander Mexico (NYSE:BSMX) traded at a new 52-week high today of $6.15. So far today approximately 477,000 shares have been exchanged, as compared to an average 30-day volume of 409,000 shares.
Banco Santander Mexico SA is the fourth- largest bank by assets in Mexico. The company’s operating segments include Retail Banking; Corporate and Investment Banking and Corporate Activities. It generates maximum revenue from the Retail Banking segment. The Retail Banking segment encompasses the entire commercial banking business. Its activities include products and services for SME such as personal loans, deposit-taking, employee payroll accounts for corporate customers, credit and debit cards, and overdraft facilities.
Potential upside of 9.4% exists for Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santander Mexico, based on a current level of $6.14 and analysts’ average consensus price target of $6.72.
In the past 52 weeks, shares of Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santander Mexico have traded between a low of $2.86 and a high of $6.15 and is now at $6.14, which is 115% above that low price.
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