dinarespr
02-11-2009, 10:39 PM
TTTTOOOOOOOOOOMMMMMMMAAAAAAAAAAAAAAAA
algo mas JuanShopper, Charlatan!!!!! :giggle:
http://www.caribbeanbusinesspr.com/news02.php?nw_id=888&ct_id=3
Raymond James analyst downgrades Popular shares to ‘market perform’
By : JOSÉ L. CARMONA
josec@caribbeanbusinesspr.com (josec@caribbeanbusinesspr.com)
Edition: February 5, 2009 | Volume: 37 | No: 5
Citing Popular Inc.’s higher provision expenses, deteriorating credit quality and a decreased level of core revenue that contributed to the bank’s record fourth-quarter loss, Raymond James & Associates Analyst Anthony Polini lowered its 2009 earnings per share (EPS) estimate on the bank to reflect credit-cost assumptions. “We are downgrading Popular Inc. to ‘market perform’ from ‘outperform.’ Additionally, we can’t assume the company won’t have to raise additional capital or will be able to maintain its common dividend payout,” Polini said in his equity research report.
As of Dec. 31, Banco Popular de Puerto Rico had 198 branches and the leading market share in Puerto Rico for loans and deposits. The San Juan-based company also operated the largest Hispanic-owned bank on the U.S. mainland, Banco Popular North America, with 135 branches.
Otro Mas: http://www.caribbeanbusinesspr.com/news02.php?nw_id=890&ct_id=3
Sterne Agee analyst reiterates ‘sell’ on Popular, lowers target price to $2
By : JOSÉ L. CARMONA
josec@caribbeanbusinesspr.com (josec@caribbeanbusinesspr.com)
Edition: February 5, 2009 | Volume: 37 | No: 5
In his latest company report, analyst Adam Barkstrom of Sterne Agee reiterated a Sell rating on Popular Inc. and lowered the target price to $2. Based on results, along with the disturbingly low levels of common equity, we are lowering our 2009 estimate from a loss of ($0.06) to ($1.21) and establishing a 2010 estimated loss of ($0.87). We are reiterating our ‘sell’ rating and lowering our target to $2,” Barkstrom said.
At the very least, Barkstrom indicated the company should immediately suspend its dividend of $0.08 per quarter, adding that long-term, he failed to see how Popular could properly operate under the current capital structure. “I think there will be increasing pressure to raise further common equity,” the Sterne Agee analyst said.
algo mas JuanShopper, Charlatan!!!!! :giggle:
http://www.caribbeanbusinesspr.com/news02.php?nw_id=888&ct_id=3
Raymond James analyst downgrades Popular shares to ‘market perform’
By : JOSÉ L. CARMONA
josec@caribbeanbusinesspr.com (josec@caribbeanbusinesspr.com)
Edition: February 5, 2009 | Volume: 37 | No: 5
Citing Popular Inc.’s higher provision expenses, deteriorating credit quality and a decreased level of core revenue that contributed to the bank’s record fourth-quarter loss, Raymond James & Associates Analyst Anthony Polini lowered its 2009 earnings per share (EPS) estimate on the bank to reflect credit-cost assumptions. “We are downgrading Popular Inc. to ‘market perform’ from ‘outperform.’ Additionally, we can’t assume the company won’t have to raise additional capital or will be able to maintain its common dividend payout,” Polini said in his equity research report.
As of Dec. 31, Banco Popular de Puerto Rico had 198 branches and the leading market share in Puerto Rico for loans and deposits. The San Juan-based company also operated the largest Hispanic-owned bank on the U.S. mainland, Banco Popular North America, with 135 branches.
Otro Mas: http://www.caribbeanbusinesspr.com/news02.php?nw_id=890&ct_id=3
Sterne Agee analyst reiterates ‘sell’ on Popular, lowers target price to $2
By : JOSÉ L. CARMONA
josec@caribbeanbusinesspr.com (josec@caribbeanbusinesspr.com)
Edition: February 5, 2009 | Volume: 37 | No: 5
In his latest company report, analyst Adam Barkstrom of Sterne Agee reiterated a Sell rating on Popular Inc. and lowered the target price to $2. Based on results, along with the disturbingly low levels of common equity, we are lowering our 2009 estimate from a loss of ($0.06) to ($1.21) and establishing a 2010 estimated loss of ($0.87). We are reiterating our ‘sell’ rating and lowering our target to $2,” Barkstrom said.
At the very least, Barkstrom indicated the company should immediately suspend its dividend of $0.08 per quarter, adding that long-term, he failed to see how Popular could properly operate under the current capital structure. “I think there will be increasing pressure to raise further common equity,” the Sterne Agee analyst said.