Ixe

Ixe is a relative newcomer to the Mexican market, catering to high-net-worth clients primarily in the metropolitan Mexico City area via sleek branches, brokerage services and well-rated customer service that some worry could suffer under Banorte management.

Mexico Amy Guthrie 2010

Although the banks characterized the deal as a merger, Banorte dwarfs Ixe with a market capitalization of 107.6 billion pesos versus Ixe ' s 15.7 billion pesos.

Mexico Amy Guthrie 2010

Banorte plans to issue about 308 million shares to acquire Ixe shares at a ratio of 0.389 to 1.

Mexico Amy Guthrie 2010

The banks intend to maintain two separate branch networks, differentiated by market segment to maintain the premium Ixe brand.

Mexico Amy Guthrie 2010

Ixe said the gains coincided with a flurry of better-than-expected U.S. housing data and economic news.

Mexico Looks North for Direction 2009

Carlos Ponce, director of market strategy at Ixe, said many local companies will probably report declines in both revenue and cash flow for the quarter.

Mexico Looks North for Direction 2009

Mexico City's Ixe brokerage said after a rally last week that the IPC had surpassed a number of milestones, signaling "a possible change of tendency."

Mexico Looks North for Direction 2009

Ixe said it suspects investors will begin to demand higher yields from mortgage-backed securities, "directly affecting mortgage rates in a sector where demand is quite sensitive and elastic."

Gloomy Outlook Seen for Mexican Home Construction Companies Paul Kiernan 2008

The end result is a dismal medium-term outlook, although Ixe noted "the majority of mortgage credits have already been sold in the short term," while Mexico's demographics and current government policies favor a recovery in the long term.

Gloomy Outlook Seen for Mexican Home Construction Companies Paul Kiernan 2008

"Recent events have brought about [conditions] that at one time we considered a risk with little chance of materializing," Mexico City's Ixe brokerage said in a report Thursday.

Gloomy Outlook Seen for Mexican Home Construction Companies Paul Kiernan 2008