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BPOP

Popular

$49.65

-0.67 (-1.33%)

, WFC

Wells Fargo

$57.28

-1.12 (-1.92%)

09:28
08/01/18
08/01
09:28
08/01/18
09:28

Popular completes Wells Fargo Puerto Rican auto finance business acquisition

Popular (BPOP) announced that Popular Auto, Banco Popular de Puerto Rico's auto finance subsidiary, completed today the acquisition of certain assets and the assumption of certain liabilities related to Wells Fargo (WFC) auto finance business in Puerto Rico. Popular Auto acquired approximately $1.6B in retail auto loans and $360 M in primarily auto-related commercial loans. Reliable will continue operating as a Division of Popular Auto in parallel with Popular Auto's existing operations for a period of time after closing to provide continuity of service to Reliable customers while allowing Popular to assess best practices before completing the integration of the two operations. Substantially all Reliable employees have received and accepted offers of employment from Popular Auto. Wells Fargo retained approximately $385M in retail auto loans as part of the transaction and has entered into a loan servicing agreement with Popular Auto with respect to such loans.

BPOP

Popular

$49.65

-0.67 (-1.33%)

WFC

Wells Fargo

$57.28

-1.12 (-1.92%)

  • 13

    Jul

  • 12

    Oct

BPOP Popular
$49.65

-0.67 (-1.33%)

11/28/17
11/28/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Home Depot (HD) upgraded to Overweight from Neutral at Atlantic Equities with analyst Sam Hudson saying the U.S. housing backdrop remains strong and recent hurricanes should provide a tailwind through the first half of 2018, at the very least. 2. TCF Financial (TCF) was upgraded to Overweight from Neutral at Piper Jaffray and to Buy from Hold at Sandler O'Neill. 3. Popular (BPOP) and OFG Bancorp (OFG) were upgraded to Outperform from Market Perform at Keefe Bruyette. 4. Mellanox (MLNX) upgraded to Equal Weight from Underweight at Barclays with analyst Joseph Wolf saying he believes activist Starboard can bring upon change and will serve as a "positive technical element to near-term stock performance." 5. TriplePoint Venture (TPVG) upgraded to Buy from Neutral at Compass Point. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/21/17
SBSH
12/21/17
INITIATION
Target $47
SBSH
Buy
Popular initiated with a Buy at Citi
Citi analyst Arren Cyganovich started Popular with a Buy rating and $47 price target. The analyst believes the market is overly discounting the hurricane impacts and the bank's exposure to Puerto Rico economic weakness. Cyganovich finds Popular well positioned to maintain lower funding costs and benefit from the post-hurricane recovery.
07/16/18
PIPR
07/16/18
UPGRADE
Target $17
PIPR
Overweight
OFG Bancorp upgraded to Overweight from Neutral at Piper Jaffray
Piper Jaffray analyst Brett Rabatin upgraded OFG Bancorp(OFG) to Overweight and raised his price target for the shares to $17 from $15.50. The analyst has increased confidence on the bank's forward net interest margin and a move higher in its profitability over the next year. He believes the upcoming quarterly results will serve as catalysts for Puerto Rican banks Popular (BPOP), First BanCorp (FBP) and OFG.
07/24/18
SBSH
07/24/18
NO CHANGE
Target $59
SBSH
Buy
Citi ups Popular target to $59, removes from Focus List
Citi analyst Arren Cyganovich removed Popular from his firm's Focus List following the company's Q2 results. The analyst says the primary catalysts for the Focus List, strong deposit growth and a new $125M share repurchase plan announced, are now better reflected in consensus estimates. He continues to view Popular as an attractively priced bank that should continue to benefit from current trends. The analyst raised his price target for the shares to $59 from $55 and keeps a Buy rating on the name.
WFC Wells Fargo
$57.28

-1.12 (-1.92%)

07/15/18
KBWI
07/15/18
UPGRADE
Target $63
KBWI
Outperform
Wells Fargo upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Brian Kleinhanzl upgraded Wells Fargo to Outperform and raised his price target for the shares to $63 from $57. The stock closed Friday down 67c to $55.36. Current share levels offer an attractive entry point for a "self-help stock" that can generate "material" earnings growth near-term, Kleinhanzl tells investors in a research note. The analyst saw enough in Wells Fargo's most recent quarter to get him more constructive. He raised his earnings estimates and sees additional upside if management can drive expenses toward the company's investor day simulation range of $50B-$51B in 2020. Kleinhanzl sees expense saves and capital returns driving shares of Wells Fargo higher.
07/16/18
BMOC
07/16/18
NO CHANGE
Target $61
BMOC
Market Perform
Wells Fargo price target raised to $61 at BMO Capital after in-line Q2
BMO Capital analyst James Fotheringham kept his Market Perform rating and nudged his price target on Wells Fargo (WFC) to $61 from $59 after the company's in-line Q2 "core" results which also showed higher than expected net interest margins and lower loss provisions. The analyst notes that after relative underperformance by the financials sector this year, he would recommend that investors buy "inexpensive stocks with near-term catalysts", including Santander (SC), OneMain (OMF), and Synchony (SYF).
07/16/18
07/16/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Wells Fargo (WFC) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Brian Kleinhanzl saying current share levels offer an attractive entry point for a "self-help stock" that can generate "material" earnings growth near-term. 2. VF Corp. (VFC) upgraded to Overweight from Neutral at JPMorgan with analyst Matthew Boss saying he sees an attractive risk/reward profile at current share levels given the company's "multi-year inflection." 3. UPS (UPS) upgraded to Buy from Neutral at UBS with analyst Thomas Wadewitz saying the combination of cost and productivity improvements, coupled with a constructive" revenue backdrop, provide potential for improved Domestic Package margin performance and stronger operating income growth in 2019 for UPS. 4. Autoliv (ALV) upgraded to Outperform from Neutral at Daiwa. 5. Saratoga Investment (SAR) upgraded to Buy from Neutral at Compass Point. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/20/18
OPCO
07/20/18
NO CHANGE
OPCO
Perform
Wells Fargo's next few earnings reports likely to be 'choppy,' says Oppenheimer
Oppenheimer analyst Chris Kotowski maintained a Perform rating on Wells Fargo (WFC) after recent meetings with CFO John Shrewsberry. In a research note to investors, Kotowski says there was nothing that shakes his view that the next few quarterly earnings reports are likely to still be "choppy," and notes that Shewsberry "readily acknowledged" that there was much work to be done to get the consent order lifted. At the same time, the analyst contends that shares are not trading at much of a discount versus other high performing banks like JPMorgan (JPM) and PNC (PNC) and says he favors companies that have lower but rising ROTCEs that are trading near TBV, especially Citi (C), CIT (CIT) and Goldman (GS).

TODAY'S FREE FLY STORIES

AMZN

Amazon.com

$1,862.11

-2.52 (-0.14%)

, KR

Kroger

$25.78

0.22 (0.86%)

19:17
04/21/19
04/21
19:17
04/21/19
19:17
Hot Stocks
Fly Intel: Top five weekend stock stories »

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AMZN

Amazon.com

$1,862.11

-2.52 (-0.14%)

KR

Kroger

$25.78

0.22 (0.86%)

WMT

Walmart

$103.15

0.02 (0.02%)

TGT

Target

$83.23

0.51 (0.62%)

TSLA

Tesla

$273.25

2.13 (0.79%)

UNH

UnitedHealth

$221.74

4.93 (2.27%)

ANTM

Anthem

$239.63

3.38 (1.43%)

CI

Cigna

$148.95

3.46 (2.38%)

HUM

Humana

$240.65

7.645 (3.28%)

CVS

CVS Health

$52.62

0.08 (0.15%)

T

AT&T

$32.04

0.09 (0.28%)

SPOT

Spotify

$139.53

1.88 (1.37%)

SAM

Boston Beer

$266.90

0.89 (0.33%)

PINS

Pinterest

$24.46

(0.00%)

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INGN

Inogen

$78.70

-1.27 (-1.59%)

19:08
04/21/19
04/21
19:08
04/21/19
19:08
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Inogen analyst commentary at Piper Jaffray »

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KR

Kroger

$25.78

0.22 (0.86%)

, AMZN

Amazon.com

$1,862.11

-2.52 (-0.14%)

17:33
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04/21
17:33
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17:33
Periodicals
Kroger struggling with online grocery upheaval, WSJ says »

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KR

Kroger

$25.78

0.22 (0.86%)

AMZN

Amazon.com

$1,862.11

-2.52 (-0.14%)

WMT

Walmart

$103.15

0.02 (0.02%)

TGT

Target

$83.23

0.51 (0.62%)

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T

AT&T

$32.04

0.09 (0.28%)

, CMCSA

Comcast

$42.43

-0.16 (-0.38%)

15:48
04/21/19
04/21
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T

AT&T

$32.04

0.09 (0.28%)

CMCSA

Comcast

$42.43

-0.16 (-0.38%)

CMCSK

Comcast

$0.00

(0.00%)

SNE

Sony

$47.86

0.09 (0.19%)

LGF.A

Lionsgate

$15.91

0.1 (0.63%)

DIS

Disney

$132.44

0.68 (0.52%)

VIAB

Viacom

$30.19

-0.35 (-1.15%)

VIA

Viacom

$36.39

-0.35 (-0.95%)

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FCAU

Fiat Chrysler

$16.47

-0.2 (-1.20%)

12:23
04/21/19
04/21
12:23
04/21/19
12:23
Periodicals
Fiat Chrysler recalling 300,000 cars over cable problem, Bloomberg says »

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TSLA

Tesla

$273.25

2.13 (0.79%)

12:08
04/21/19
04/21
12:08
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12:08
Periodicals
Investors set to get a peek at Tesla driverless car technology, WSJ says »

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SPY

SPDR S&P 500 ETF Trust

$289.99

0.52 (0.18%)

, SPX

S&P 500

$0.00

(0.00%)

12:03
04/21/19
04/21
12:03
04/21/19
12:03
Periodicals
Bombs kill over 200 in Sri Lankan churches, hotels, Reuters says »

Over 200 people were…

SPY

SPDR S&P 500 ETF Trust

$289.99

0.52 (0.18%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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BA

Boeing

$380.02

2.48 (0.66%)

08:41
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04/21
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08:41
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Boeing says NY Times story paints 'skewed and inaccurate picture' »

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BA

Boeing

$380.02

2.48 (0.66%)

08:36
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Nine civil aviation authorities to review Boeing 737 MAX flight control system »

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BA

Boeing

$380.02

2.48 (0.66%)

08:29
04/21/19
04/21
08:29
04/21/19
08:29
Periodicals
NY Times investigation finds problems with Boeing Dreamliner manufacturing »

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MSM

MSC Industrial

$83.37

-0.44 (-0.52%)

04:55
04/21/19
04/21
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04:55
Conference/Events
MSC Industrial management to meet with William Blair »

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PINS

Pinterest

$24.46

(0.00%)

13:04
04/20/19
04/20
13:04
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13:04
Periodicals
Pinterest stock is hot after IPO, investors should keep cool, Barron's says »

Pinterest priced its IPO…

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HUM

Humana

$240.65

7.645 (3.28%)

, CI

Cigna

$148.95

3.46 (2.38%)

12:51
04/20/19
04/20
12:51
04/20/19
12:51
Periodicals
Health insurers stocks now look like a buy, Barron's says »

Investing in health…

HUM

Humana

$240.65

7.645 (3.28%)

CI

Cigna

$148.95

3.46 (2.38%)

ANTM

Anthem

$239.63

3.38 (1.43%)

UNH

UnitedHealth

$221.74

4.93 (2.27%)

CVS

CVS Health

$52.62

0.08 (0.15%)

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TSLA

Tesla

$273.25

2.13 (0.79%)

12:49
04/20/19
04/20
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04/20/19
12:49
Hot Stocks
Tesla says four board members agreed to not stand for re-election »

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AMD

AMD

$27.68

0.18 (0.65%)

, INTC

Intel

$58.49

-0.08 (-0.14%)

12:43
04/20/19
04/20
12:43
04/20/19
12:43
Periodicals
Wall Street cheered Intel decision to exit 5G modem business, Barron's says »

Apple (AAPL) and Qualcomm…

AMD

AMD

$27.68

0.18 (0.65%)

INTC

Intel

$58.49

-0.08 (-0.14%)

QCOM

Qualcomm

$79.89

0.8 (1.01%)

AAPL

Apple

$203.83

0.69 (0.34%)

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SAM

Boston Beer

$266.90

0.89 (0.33%)

12:37
04/20/19
04/20
12:37
04/20/19
12:37
Periodicals
'Happy hour' might be over for Boston Beer, Barron's says »

Boston Beer's shares…

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SPOT

Spotify

$139.53

1.88 (1.37%)

12:30
04/20/19
04/20
12:30
04/20/19
12:30
Periodicals
Spotify stock 'risky' as music industry not changing fast enough, Barron's says »

Spotify might end up…

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  • 29

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BA

Boeing

$380.02

2.48 (0.66%)

, HRL

Hormel Foods

$40.38

-0.37 (-0.91%)

08:33
04/20/19
04/20
08:33
04/20/19
08:33
On The Fly
Week in review: How Trump's policies moved stocks »

Catch up on the top…

BA

Boeing

$380.02

2.48 (0.66%)

HRL

Hormel Foods

$40.38

-0.37 (-0.91%)

PPC

Pilgrim's Pride

$25.79

0.03 (0.12%)

SAFM

Sanderson Farms

$141.70

-2.17 (-1.51%)

TSN

Tyson Foods

$73.49

0.2 (0.27%)

CCL

Carnival

$53.64

-0.92 (-1.69%)

RCL

Royal Caribbean

$121.00

-2.245 (-1.82%)

NCLH

Norwegian Cruise Line

$56.93

-0.925 (-1.60%)

WFTBF

West Fraser Timber

$0.00

(0.00%)

IFSPF

Interfor

$0.00

(0.00%)

CFPZF

Canfor

$0.00

(0.00%)

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MSM

MSC Industrial

$83.37

-0.44 (-0.52%)

04:55
04/20/19
04/20
04:55
04/20/19
04:55
Conference/Events
MSC Industrial management to meet with William Blair »

Meetings to be held in…

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KFS

Kingsway Financial

$2.30

-0.14 (-5.74%)

19:48
04/19/19
04/19
19:48
04/19/19
19:48
Hot Stocks
Kingsway Financial announces receipt of notification letter from NYSE »

Kingsway Financial…

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AWK

American Water

$104.63

2.32 (2.27%)

19:46
04/19/19
04/19
19:46
04/19/19
19:46
Hot Stocks
American Water signs contract to acquire East Pasadena Water Company »

California American…

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  • 02

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FSNN

Fusion

$0.24

0.0048 (2.01%)

19:45
04/19/19
04/19
19:45
04/19/19
19:45
Hot Stocks
Fusion sees being delisted following receipt of Nasdaq delisting notice »

Fusion announced that it…

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PSA

Public Storage

$217.43

0.81 (0.37%)

19:42
04/19/19
04/19
19:42
04/19/19
19:42
Hot Stocks
Public Storage announces change of Chief Legal Officer »

Public Storage announced…

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V

Visa

$160.14

-0.33 (-0.21%)

19:40
04/19/19
04/19
19:40
04/19/19
19:40
Hot Stocks
Visa board elects Visa CEO Al Kelly as Chair »

Visa announced that its…

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NAVB

Navidea

$0.17

0.0001 (0.06%)

19:39
04/19/19
04/19
19:39
04/19/19
19:39
Hot Stocks
Navidea announces one-for-twenty reverse stock split »

Navidea…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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