Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (BSMX)
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México operates in the Banks - Regional industry of the Financial Services sector, headquartered in Mexico City, DF, MX. The stock last traded at $5.46, up 2.44% on the session, giving a market capitalisation of $7.41B. On trailing twelve-month figures it carries a trailing P/E of 5.23, a net margin of 27.6%. Its beta of 0.81 implies it has historically moved less than the broad market.
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.
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México is most often compared with the following Financial Services names: