Analyst Coverage

Below you will find a summary of recommendations from the main analysts that cover our stock. The opinions, estimates and projections published by analysts represent their own opinion, and it is not intended to represent the opinions, estimates and projections of Grupo Financiero Banorte.

Average Target Price: Ps 196.74

Financial Indicators	Analyst Consensus
	E2025	E2026
Net Income	59,189	63,022
ROE	22.32%	22.26%
EPS	20.95	22.57

Broker	Analyst	Recommendation	Date
Actinver	-	Buy	Apr 21, 2022
Autonomous	Renato Meloni	Buy	Jul 22, 2025
Barclays	Brian Morton	Buy	Oct 13, 2025
BBVA	Rodrigo Ortega	Buy	Oct 13, 2025
BofA	M.Pierry/E.Gabilondo	Buy	Oct 13, 2025
Bradesco	Marcelo Mizrahi	Buy	Oct 14, 2025
BTG Pactual	Eduardo Rosman	Buy	Oct 1, 2025
Citi	Gustavo Schroden	Buy	Oct 13, 2025
GBM	Pablo Ordoñez	Buy	Apr 22, 2025
Goldman Sachs	Tito Labarta	Buy	Oct 9, 2025
Itaú BBA	Jorge Pérez Araya	Buy	Aug 19, 2025
JP Morgan	Yuri Fernandes	Buy	Jul 28, 2025
Monex	J. Roberto Solano	Buy	Apr 20, 2023
Punto Research	Miguel Cabrera	Buy	Jul 23, 2025
Safra	Miguel Vaz	Buy	Sep 28, 2025
UBS	Thiago Batista	Buy	Oct 9, 2025
HSBC	Carlos Gómez	Hold	Oct 9, 2025
Jefferies	Iñigo Vega	Hold	Sep 9, 2025
Kapital	Alejandra Marcos	Hold	Jul 22, 2025
Morgan Stanley	Jorge Kuri	Hold	Sep 14, 2025
Santander	Andrés Soto	Hold	Sep 4, 2025