UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q [X] Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024 or [ ] Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-34084 POPULAR, INC. (Exact name of registrant as specified in its charter) Puerto Rico 66-0667416 (State or other jurisdiction of Incorporation or (IRS Employer Ide ...

Bill Ackman sold Alphabet shares in the second quarter despite most analysts being bullish on the stock. Bill Ackman is the founder and CEO of Pershing Square Capital Management, a hedge fund that returned 22% annually over the last five years. By comparison, the S&P 500 (^GSPC 0.16%) returned 16% annually during the same period. That outperformance makes Ackman a good case study for aspiring investors. In the second quarter, Ackman sold 2.2 million shares of Alphabet (GOOGL 1.77%) (GOOG 1.66%), reducing hi ...

Berkshire Hathaway sold Apple stock in the second quarter despite the upcoming launch of Apple Intelligence. In 2016, Berkshire Hathaway stunned Wall Street when it purchased a position in the ultra-popular consumer electronics company Apple (AAPL 0.36%). CEO Warren Buffett, who reportedly controls the vast majority of the company's investment portfolio, had previously avoided technology stocks because they admittedly fell outside his circle of competence. Wall Street was even more surprised when Apple even ...

Some analysts think these artificial intelligence stocks have flown too high.Shares of Palantir Technologies (PLTR 2.28%) and Super Micro Computer (SMCI 1.92%) advanced 169% and 83%, respectively, over the past year amid soaring interest in artificial intelligence (AI). But certain Wall Street analysts expect the stocks to fall sharply over the next 12 months, as detailed below:In August, Rishi Jaluria at RBC Capital Markets reaffirmed his price target on Palantir of $9 per share. That forecast implies 79% ...

Popular, Inc.'s (BPOP)   third-quarter 2024 adjusted earnings per share of $2.16 missed the Zacks Consensus Estimate of $2.33. However, the bottom line increased 13.7% from the year-ago quarter.Find the latest earnings estimates and surprises on the Zacks Earnings Calendar.The results were primarily affected by higher provisions and deteriorating capital position. Nonetheless, a rise in net interest income (NII), fee income and lower expenses were tailwinds.Popular’s Revenues Rise & Expenses Decline Y/YTota ...

Popular, Inc. (NASDAQ:BPOP) Q3 2024 Earnings Conference Call October 23, 2024 11:00 AM ET Company Participants Paul Cardillo - Investor Relations Officer Ignacio Alvarez - Chief Executive Officer Jorge Garcia - Executive Vice President and Chief Financial Officer Lidio Soriano - Executive Vice President and Chief Risk Officer Conference Call Participants Brett Rabatin - Hovde Group Frank Schiraldi - Piper Sandler Kelly Motta - KBW Jared Shaw - Barclays Timur Braziler - Wells Fargo Benjamin Gerlinger - Citi ...

Popular (BPOP) came out with quarterly earnings of $2.16 per share, missing the Zacks Consensus Estimate of $2.33 per share. This compares to earnings of $1.90 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.30%. A quarter ago, it was expected that this company that runs Banco Popular and other banks in Puerto Rico and the U.S. Would post earnings of $2.08 per share when it actually produced earnings of $2.46, delivering a ...

Exhibit 99.1 Popular, Inc. Announces Third Quarter 2024 Financial Results • Net income of $155.3 million in Q3 2024, compared to net income of $177.8 million in Q2 2024. • Net interest income of $572.5 million, an increase of $4.2 million compared to Q2 2024. • Net interest margin of 3.24% in Q3 2024, compared to 3.22% in Q2 2024; net interest margin on a taxable equivalent basis of 3.47% in Q3 2024, compared to 3.48% in Q2 2024. • Non-interest income of $164.1 million, compared to $166.3 million in Q2 2024 ...

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it ...

The market expects Popular (BPOP) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 23, 2024, might help the stock move higher if these key numbers ar ...