|Over a week ago|
Grupo Supervielle announces return of Patricio Supervielle as CEO » 17:3606/1906/19/20
Grupo Supervielle announced that Patricio Supervielle, Founder & Chairman of the board is resuming as CEO of the company effective June 30, 2020. Jorge Ramirez expressed his intention to step down from the day-to-day operational responsibilities as CEO of Grupo Supervielle and Banco Supervielle, but will remain on the Board of Directors of the company as Vice Chairman and will continue to chair the Risk Management Committee providing strong strategic and advisory support to Patricio Supervielle.
|Over a quarter ago|
Grupo Supervielle rises 9.9% » 12:0012/2612/26/19
Grupo Supervielle is up…
Grupo Supervielle is up 9.9%, or 37c to $4.12.
Grupo Supervielle downgraded to Underperform from Market Perform at Itau BBA » 09:3212/0912/09/19
Itau BBA downgraded Grupo…
Itau BBA downgraded Grupo Supervielle to Underperform from Market Perform.
Grupo Supervielle, Banco Macro cut to Underperform at BofA/Merrill » 06:1409/1909/19/19
As previously reported,…
As previously reported, BofA/Merrill analyst Mario Perry double-downgraded Banco Macro (BMA) to Underperform from Buy and cut Grupo Supervielle (SUPV) to Underperform from Neutral, also lowering their price targets to $25 from $90 and to $2 from $9 respectively. The analyst notes that the visibility on Argentine banks remains "blurry" amid compressing net interest margins, negative real loan growth, and potentially deteriorating asset quality. Perry adds that as banks implement "hyperinflation accounting" next year, the securities will no longer be in a "sweet spot" as country risk rises, non-interest expenses grow, and return on equity becomes sustainably lower.
Grupo Supervielle downgraded to Underperform from Neutral at BofA/Merrill 05:3609/1909/19/19
Two new option listings and one option delisting on August 22nd » 08:3008/2208/22/19
New option listings for…
New option listings for August 22nd include Dorsey Wright MLP Index (BMLP) and Supervielle (SUPV). Option delistings effective August 22nd include AmeriGas Partners LP (Units) (APU).
Morgan Stanley double downgrades four Argentina banks after election surprise » 12:0508/1208/12/19
BBAR, GGAL, BMA, SUPV
As previously reported,…
As previously reported, Morgan Stanley analyst Jorge Kuri downgraded BBVA (BBAR), Grupo Financiero (GGAL), Banco Macro (BMA) and Grupo Supervielle (SUPV), all to Underweight from Overweight, after the primaries in Argentina, where the incumbents lost by a very wide margin. He thinks the "surprising results" raise uncertainty to a level where he no longer views the risk-reward as attractive on the bank stocks, Kuri told investors. He had previously been comfortable with his Overweight ratings on the four financial institutions' stocks despite the fact they had rallied 43% year-to-date, but now sees it as unclear how things could evolve without the incumbent administration in office, added the analyst.
Grupo Supervielle downgraded to Underweight from Overweight at Morgan Stanley 11:3408/1208/12/19
Grupo Supervielle falls -50.3% » 09:4708/1208/12/19
Grupo Supervielle is down…
Grupo Supervielle is down -50.3%, or -$3.85 to $3.81.
Grupo Supervielle initiated with an Underperform at Scotiabank » 07:2708/0708/07/19
Scotiabank analyst Jason…
Scotiabank analyst Jason Mollin initiated Grupo Supervielle with an Underperform and $6.30 price target.