Banorte Q2 Net Profit Up 29%

by Benzinga Staff
July 27, 2012 3:54 AM | 16 seconds read | Make a Comment

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

Grupo Financiero Banorte SAB (OTC: GBOOY) reported a 29% surge in its net profit for the second quarter. Its quarterly net profit rose to 2.64 billion pesos ($197 million). Banorte's deposits gained 15% y/y to MXN313.92 billion, while the bank's loan portfolio surged 21% y/y.Banorte shares closed at $27.06 yesterday.

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

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