Banorte shares fall 2.5% after Q3 results, 2025 profit outlook cut
ReutersNov 5, 2025 3:02 PM
MEXICO CITY, Nov 5 (Reuters) - Shares in Mexican lender Banorte GFNORTEO.MX fell 2.5% Wednesday in early trading after it cut its 2025 net income forecast and reported a 9% profit drop in the third-quarter on Tuesday.
The group said that the June to September results were hit by the sale of its digital bank Bineo and a riskier loan portfolio.
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