AP NEWS

Santander Mexico: 3Q Earnings Snapshot

October 31, 2019

MEXICO CITY (AP) _ Grupo Financiero Santander Mexico SAB de CV (BSMX) on Thursday reported third-quarter profit of $284 million.

The bank, based in Mexico City, said it had earnings of 21 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.

The Mexican bank posted revenue of $1.83 billion in the period. Its revenue net of interest expense was $1.12 billion, falling short of Street forecasts.

Santander Mexico shares have risen 8% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.66, a climb of 6% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BSMX at https://www.zacks.com/ap/BSMX