MEXICO, Mexico (AP) — MEXICO, Mexico (AP) — Grupo Financiero Santander Mexico SAB de CV (BSMX) on Wednesday reported first-quarter profit of $408.6 million.
The bank, based in Mexico, Mexico, said it had earnings of 30 cents per share.
The Mexican bank posted revenue of $2.65 billion in the period. Its revenue net of interest expense was $1.36 billion, exceeding Street forecasts.
Santander Mexico shares have decreased nearly 1% since the beginning of the year. The stock has increased 12% 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
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