trending Market Intelligence /marketintelligence/en/news-insights/trending/ans8l9h3b94ypbmoqow25w2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Brazilian banks lead Q3 total returns, while Mexico lags

IoT and AI Aid Critical Event Management to Battle COVID-19, but Deployment could Raise Privacy Concerns


The Global Impact of COVID-19

COVID-19: The 451 Research Take

Australia And New Zealand Telcos Launch Special Packs Amidst COVID-19 Outbreak

Brazilian banks lead Q3 total returns, while Mexico lags

Most Latin American bank indexes gained ground during thethird quarter, with banks in Brazil outperforming the broader region.

The SNL Latin American Bank index showed a total return of 7.24%for the three month period between June 30 and Sept. 30. Within the region,Brazil banks performed the strongest, with SNL Brazil Bank index's total returntopping 15.66%. The move continues a rebound that started earlier in 2016,reversing from a 51.24% drop in the prior year. So far in 2016, the Brazilianindex's total return is at nearly 88%.

SNL Image

Unsurprisingly, Brazil-based banks were among SNL's list oftop Latin American performers for the third quarter. showed a totalreturn of 34.30% during the period, followed by with a total return of 26.32%.

However, other Brazilian banks were also among the weakestperformers in the region, led by BTG Pactual Group's negative total return of 20.33%.

While seeing milder increases, both the SNL Southern ConeBank and SNL Caribbean Bank indexes showed positive total returns during thethird quarter, at 6.18% and 2.09%, respectively.

SNL Image

Conversely, the SNL Mexican Bank index moved into negativeterritory in the final weeks of the third quarter, ending the period with atotal return of -3.45%. The negative return for the quarter comes as Mexico hasfaced growing concerns about its prospects for economic growth, with thecountry recently cutting its GDP growth forecast for 2016 after its GDPnarrowed for thefirst time in three years.

In August, S&P Global Ratings its outlook on the country tonegative from stable, citing the country's growing debt burden amid slowingeconomic growth. Similarly, Moody's in March lowered its on Mexico to negative, pointingto subdued economic activity, as well as low oil prices and troubles surroundingstate-owned oil firm Pemex.