Gentera initiated with an Overweight at Barclays

Barclays initiated coverage of Gentera with an Overweight rating and MXN 36 price target. The analyst launched coverage on Canada and Latin America Banks with a Positive industry view. The firm prefers Mexico over Canada given current trends in net interest margin, economy, deposits, loans, returns, credit quality, capital, earnings and valuation. Exposure to residential mortgage loans is an additional concern in Canada, the analyst tells investors in a research note.