Popular, Inc. (BPOP) - NASDAQ
  • Fri, May 20, 11:10 AM
    • Popular (NASDAQ:BPOP) declares $0.15/share quarterly dividend, in line with previous.
    • Forward yield 1.96%
    • Payable July 1; for shareholders of record June 10; ex-div June 8.
    | Fri, May 20, 11:10 AM
  • Mon, Apr. 25, 12:10 PM
    • Popular (BPOP +0.1%) earned $0.81 last quarter, shy of consensus by a penny, and missing bullish analyst Mark Palmer's forecast by a full nickel.
    • Still, says Palmer, credit metrics were solid, with the net charge-off ratio slipping 72 basis points to 0.76%, while NPLs fell $2M, and the NPL ratio stayed stable at 2.7%.
    • In light of concern over a Puerto Rican debt default, Palmer notes of Popular's $565M in direct exposure to government debt, $490M of that amount is in municipal loans, most of which are senior in priority and backed by tax receipts.
    • Palmer reiterates his Buy rating and $41 price target (37% upside).
    | Mon, Apr. 25, 12:10 PM
  • Mon, Apr. 25, 8:09 AM
    • Popular (NASDAQ:BPOP): Q1 EPS of $0.81 misses by $0.01.
    • Net interest income of $352.4M (+2.7% Y/Y) misses by $37.84M.
    • Press Release
    | Mon, Apr. 25, 8:09 AM
  • Sun, Apr. 24, 5:30 PM
    | Sun, Apr. 24, 5:30 PM | 7 Comments
  • Fri, Apr. 8, 10:03 AM
    • Piper Jaffray finds value in the roughed-up names as it starts coverage on both Popular (BPOP +1.4%) and First Bancorp (FBP +4.7%) with an Overweight rating.
    • On a year-over-year basis, FBP is down 58%, and BPOP 23%.
    | Fri, Apr. 8, 10:03 AM | 2 Comments
  • Fri, Feb. 19, 3:33 PM
    • Popular (NASDAQ:BPOP) declares $0.15/share quarterly dividend, in line with previous.
    • Forward yield 2.33%
    • Payable April 1; for shareholders of record March 11; ex-div March 9.
    | Fri, Feb. 19, 3:33 PM
  • Tue, Jan. 26, 8:30 AM
    • Popular (NASDAQ:BPOP): Q4 EPS of $1.32 beats by $0.40.
    • Net interest income of $352.5M (+7.8% Y/Y) misses by $6.42M.
    | Tue, Jan. 26, 8:30 AM | 2 Comments
  • Mon, Jan. 25, 5:30 PM
    | Mon, Jan. 25, 5:30 PM | 13 Comments
  • Sat, Jan. 16, 3:34 PM
    • The group got together last Monday, meaning it had the year's ugly first week to mull over, but not the year's equally ugly second week. Jeff Gundlach is a new member and fans won't be surprised at his bearish macro outlook.
    • He's been outspokenly against the Fed's tightening monetary policy and drops a few interesting points: There's only a 60-basis point difference between GDP growth rates in the U.S. and Europe - with European GDP actually trending higher while U.S. GDP tracks lower. Yet the ECB has set negative rates and is talking about boosting QE, while Fed has eliminated QE and is raising rates. More? Of 118 Fed rate hikes since about 1945, nominal GDP was above 5.5% on 112 of those occasions, and averaged 8.6%. Only twice since 1945 has the Fed boosted while GDP was below 4.5% - the last time was 1982, and the central bank had to reverse course almost immediately. Nominal GDP today looks to be headed to about 2%.
    • As for stock picks, Oscar Schafer finds a number of beaten-up names. Among them is Evertec (NYSE:EVTC), which owns the transaction-processing business in Puerto Rico (it was spun out of BPOP in 2010). Suffice it to say, Evertec is being penalized by its domicile. But the company is expanding across Central and South America. Even if things don't improve in Puerto Rico, the company should do fine. If things get better there, the stock's a home run.
    • His other favorites: Calpine (NYSE:CPN), CommScope Holding (NASDAQ:COMM), and NICE-Systems (NASDAQ:NICE).
    | Sat, Jan. 16, 3:34 PM | 6 Comments
  • Dec. 11, 2015, 11:01 AM
    • Popular (NASDAQ:BPOP) declares $0.15/share quarterly dividend, in line with previous.
    • Forward yield 2.16%
    • Payable Jan. 4; for shareholders of record Dec. 22; ex-div Dec. 18.
    | Dec. 11, 2015, 11:01 AM | 2 Comments
  • Nov. 20, 2015, 3:36 PM
    • The top five on KBW's list of financial stocks which saw the most institutional buying in Q3:
    • Great Western Bancorp (NYSE:GWB) had a 12% boost in institutional ownership and gained 5.2% during the quarter.
    • Kearny Finanical (NASDAQ:KRNY) had a 9.4% increase in ownership; Lending Club (NYSE:LC) a 7.9% increase; Popular (NASDAQ:BPOP) a 7.3% increase; Evercore Partners (NYSE:EVR) a 7.2% increase.
    • Overall, says KBW, institutional funds boosted their holdings of financial stocks in Q3, but remain underweight the sector for the 6th straight quarter (just barely now).
    | Nov. 20, 2015, 3:36 PM | 1 Comment
  • Oct. 23, 2015, 8:18 AM
    • Popular (NASDAQ:BPOP): Q3 EPS of $0.82 misses by $0.09.
    • Revenue of $350.74M (+7.5% Y/Y)
    | Oct. 23, 2015, 8:18 AM
  • Oct. 22, 2015, 5:30 PM
    | Oct. 22, 2015, 5:30 PM | 14 Comments
  • Sep. 18, 2015, 2:22 PM
    • "The difference between the perception and reality is huge," Popular (BPOP -1.4%) CEO Carlos Vazquez tells BTIG. Yes, the Puerto Rican government faces liquidity challenges, but the island is very much not in a depression, he says. As opposed to Greece - where the economy is quickly contracting - Puerto Rico's nominal GDP grew last year, and declined only 1% in real terms.
    • Use of BPOP credit and debit cards are holding their ground. and the bank hasn't seen a fundamental change in the behavior of its clients.
    • BTIG has a Buy rating and $41 price target (40% above the current price), and analyst Mark Palmer notes today's resumption of the dividend represents a payout of just $15.5M per quarter vs. $2B of excess capital based on the CCAR.
    • Previously: Popular reinstates quarterly dividend (Sept. 18)
    | Sep. 18, 2015, 2:22 PM | 1 Comment
  • Sep. 18, 2015, 11:12 AM
    • Popular (NASDAQ:BPOP) declares $0.15/share quarterly dividend.
    • Forward yield 2.04%
    • Payable Oct. 7; for shareholders of record Sept. 29; ex-div Sept. 25.
    | Sep. 18, 2015, 11:12 AM
  • Sep. 2, 2015, 11:29 AM
    • The Puerto Rico Electric Power Authority and a group of creditors earlier reached a deal to keep which will keep the debt service payments coming, though the haircut on principal looks to be 15%.
    • OFG Bancorp (OFG +22.2%), First Bancorp (FBP +9.8%), Popular (BPOP +5.9%)
    • MBIA (MBI +13.6%), Assured Guaranty (AGO +4.5%), Ambac (AMBC +3.1%)
    | Sep. 2, 2015, 11:29 AM | 2 Comments
Company Description
Popular, Inc. engages in the provision of financial banking services. It operates through the Banco Popular de Puerto Rico and Banco Popular North America segments. Its products and services include savings and checking accounts, mortgage and consumer loans, credit cards, cash management,... More
Sector: Financial
Industry: Foreign Regional Banks
Country: United States