Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (BSMX) Stock Analysis

What Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México does

Operating as Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México, this prominent financial institution delivers a comprehensive array of banking solutions across Mexico. Its operations are primarily divided into two key divisions: Retail Banking and Corporate and Investment Banking. The bank's offerings encompass diverse deposit options, including checking and savings accounts, fixed-term deposits, and certificates of interbank deposits. Furthermore, it extends a variety of lending solutions such as payroll, personal, and mortgage loans, alongside credit cards. Clients can also access insurance brokerage services. For its corporate and institutional clientele, Santander México delivers sophisticated services such as cash management, working capital financing, and trade finance. It also specializes in structured credit and debt instruments, project financing, and asset-based finance. Strategic advisory for mergers and acquisitions, alongside investing and hedging solutions, further rounds out its corporate services. Additionally, the institution provides modern digital banking capabilities through its internet and mobile platforms. Its broad customer base spans individuals, affluent private banking clients, small and medium-sized enterprises (SMEs), mid-market corporations, governmental bodies, and large corporate and institutional clients. As of December 31, 2021, the bank boasted an extensive operational footprint, including 1,346 physical branches, 9,498 ATMs, and 2,540 customer contact center positions. Established in 1932 and headquartered in Mexico City, Mexico, the institution underwent a name change in September 2012. It transitioned from its previous designation, Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander, to its current identity. Banco Santander México operates as a subsidiary of Grupo Financiero Santander México, S.A. de C.V.

Key metrics

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Frequently asked questions

What is the ticker symbol for Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México?

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México trades under the ticker BSMX on NYSE.

Which exchange is BSMX listed on?

BSMX is listed on NYSE.

What sector does Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México operate in?

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México is classified in the Financial Services sector (Banks - Regional industry).

How can PortView help analyze BSMX in a portfolio?

PortView shows BSMX's weight in your portfolio, its contribution to return and risk, sector exposure, indirect exposure through ETFs you own, and correlation with your other holdings.