# Grupo Cibest: Robust Fundamentals, But Re-Rating Story May Be Over

> Grupo Cibest's stock drops as re-rating phase ends, valuation rises with macro risks.
- Title: Grupo Cibest: Robust Fundamentals, But Re-Rating Story May Be…
- Summary: Grupo Cibest's stock drops as re-rating phase ends, valuation rises with macro risks.
- Keywords: grupo cibest, cib, re-rating, net interest margin, credit losses, fiscal tightening, macro risks, Seekingalpha
- Source: Seekingalpha — https://seekingalpha.com/article/4966027-grupo-cibest-robust-fundamentals-but-rerating-story-maybe-over
- Published: 2026-11-10T21:59:22+00:00
- Read time: 1 min
- Topics: grupo cibest, cib, re-rating, net interest margin, credit losses, fiscal tightening, macro risks, money, business
## Grupo Cibest Performance
Grupo Cibest rallied 40% since May but trades at premium to regional peers.
## Q3 2026 Results
Q3 2026 showed 9.7% YoY loan growth and robust profitability with net interest margin at 7.4%.
## Downgrade to Hold
Labutes IR downgrades CIB to 'Hold' as re-rating phase ends, valuation elevated, and macro risks mount.
## Key takeaway

Labutes IR downgrades Grupo Cibest to 'Hold' as re-rating completes, valuation is elevated, and macro risks increase.