Market Currents

• Monday, October 19, 2009

• 08:11 AM Popular (BPOP): Adjusted Q3 EPS of $1.40 vs. consensus of -$0.30. Net loss of $125M vs. -$183M last quarter. "While some U.S. economic indicators have shown some improvement, our consumer and mortgage portfolios are still feeling the impact of job losses on the U.S. mainland. We expect these economic trends, particularly in Puerto Rico, to continue for the foreseeable future." Shares +2.2% premarket. (PR) Comment!
• 00:05 AM Notable pre-market earnings: BPOP, BBT, ETN, GCI, HAS, JEF, MMR, WFT Comment!

• Wednesday, January 21, 2009

• 00:05 AM Notable earnings before Wednesday's open: ABT, AMR, APD, ATI, BPOP, COH, HCBK, NTRS, UAUA, USB, UTX Comment!

• Monday, October 20, 2008

• 00:05 AM Notable earnings before Monday's open: BPOP, ETN, HAL, HAS, MAT, NVS, UB, WFT Comment!

• Friday, August 29, 2008

• 08:22 AM Popular (BPOP) is selling its U.S. mortgage unit - including $1.17B in loans and mortgage-servicing assets - to Goldman Sachs (GS). With the deal, BPOP boosts its liquidity by $700M, reduces its subprime portfolio - and takes a $450M loss. Comment!

• Friday, July 18, 2008

• 00:15 AM Notable earnings before Friday's open: C, GBTS, BRNB, HON, LAB, MAN, MAT, OSTK, BPOP, SLB, STU. Comment!