Overview
- Mexico’s private banks earned 278,106 million pesos from January to November 2025, a nominal record up 3.7% year over year, according to CNBV data.
- On a real basis profits slipped 0.07% with three straight months of declines as Banxico’s rate cuts and slower credit growth cooled margins.
- Seven systemically important lenders captured 77% of sector earnings, and loan-loss reserves rose 11.9% in real terms through November.
- The U.S. Q4 2025 season began with JPMorgan and BNY Mellon topping estimates, while Delta guided 2026 adjusted EPS to $6.50–$7.50 per share.
- Later reports were mixed: Bank of America and Citigroup met or beat forecasts, Wells Fargo missed on revenue, and investors weighed regulatory risks such as potential caps on credit‑card rates.