- Banco Santander México (NYSE:BSMX) slumps 4.8% as Mexican stocks overall decline after the nation's ruling party said it will proceed with proposals to reduce bank fees.
- Senate members of the Morena party are pushing ahead with the proposals, after President-elect Andres Manual Lopez Obrador said on Friday that there would be no changes to banking laws soon.
- iShares MSCI Mexico Capped ETF (NYSEARCA:EWW) dips 3.0% in late trading in New York. Another Mexican bank Grupo Financiero Banorte falls 1.5%.
- Mexican peso loses 0.8% against the dollar.
- Previously: Banco Santander México falls 3.4% after Q3 EPS slips from Q2 (Oct. 31)
- ETFs: EWW, MXF, MXE, DBMX, HEWW, MEXX, FLMX
- Related Stocks: CX, AMX, KOF, PAC, VLRS, FMX, TV, BSMX, OMAB, ASR, OTCQX:WMMVY, OTCPK:GRBMF, IBA, AMOV, OTCPK:COCSF,
Mexican stocks sink after ruling party proposes cutting bank fees
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Symbol | Last Price | % Chg |
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BSMX | - | - |
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México |