Core Points - Popular, Inc. has announced a quarterly cash dividend of $0.75 per share on its outstanding common stock [1] - The dividend is set to be payable on January 2, 2026, to shareholders of record as of the close of business on December 5, 2025 [1] - Popular, Inc. is recognized as the leading financial institution in Puerto Rico by both assets and deposits, and ranks among the top 50 U.S. bank holding companies [1]

Core Insights - Nebius Group (NASDAQ:NBIS) shares increased by 5.8% to $103.53 despite a larger-than-expected net income loss and revenue miss for Q3, driven by a $3 billion AI infrastructure deal with Meta Platforms [1] - The company recently secured a $19 billion deal with Microsoft in September, indicating strong partnerships in the AI sector [1] Stock Performance - NBIS shares have pulled back from an October 10 record high of $141.10 but are supported by a $100 floor and an ascending 50-day moving average [2] - The stock has surged 300% since January, reflecting significant growth [2] - Short interest has decreased by 5.2%, accounting for 10.9% of the stock's total available float, or 22.54 million shares, indicating a potential shift in market sentiment [2] Volatility and Trading - Nebius Group stock tends to outperform options traders' volatility expectations, with a Schaeffer's Volatility Scorecard (SVS) rating of 87 out of 100 [3]

Financial Performance - The Corporation's net income for Q3 2025 was $211.3 million, an increase of $56.0 million from $155.3 million in Q3 2024[301]. - Net interest income reached $646.5 million, up $74.0 million compared to Q3 2024, driven by lower deposit costs and loan growth[302]. - Non-interest income increased to $171.2 million, a rise of $7.1 million from Q3 2024, mainly due to higher credit and debit card fees[305]. - The net income per common share for Q3 2025 was $3.15, an increase of $0.99 from $2.16 in Q3 2024[307]. - Adjusted net income for the nine months ended September 30, 2024, was $595.572 million, with a total income tax expense of $127.241 million, resulting in a net income of $468.331 million[313]. - Banco Popular de Puerto Rico's net income for Q3 2025 was $189.0 million, up from $125.8 million in Q3 2024, representing a 50.2% increase[347]. - Net income for the nine months ended September 30, 2025, was $342,681 thousand, down from $423,046 thousand in the prior year[427]. Income and Expenses - Operating expenses amounted to $495.3 million, reflecting an increase of $28.0 million from Q3 2024, driven by higher personnel costs[305]. - Total operating expenses for the nine months ended September 30, 2025, increased by $59.7 million when excluding certain prior period tax withholdings and FDIC Special Assessment impacts[335]. - Personnel costs increased by $31.1 million in Q3 2025, driven by higher incentives and salaries, with total personnel costs reaching $232.988 million[338]. - The effective tax rate for Q3 2025 was 14.5%, down from 21.5% in Q3 2024, with an income tax expense of $36.0 million compared to $42.5 million in the prior year[339]. Assets and Liabilities - Total assets as of September 30, 2025, were $75.1 billion, an increase of $2.1 billion from $73.0 billion at the end of 2024[305]. - Total liabilities increased by $1.5 billion to $69.0 billion as of September 30, 2025[358]. - Stockholders' equity rose to $6.1 billion, compared to $5.6 billion at the end of 2024, with a tangible book value per share of $79.12[305]. - The Corporation's net deferred tax asset was $835.5 million as of September 30, 2025, net of a valuation allowance of $465.0 million[341]. Credit Losses and Provisions - The provision for credit losses was $75.1 million, an increase of $3.7 million from the previous year, primarily due to higher reserves in commercial loans[302]. - The total allowance for credit losses for loans held-in-portfolio amounted to $786.2 million as of September 30, 2025, compared to $746.0 million as of December 31, 2024, with a ratio of 2.03%[331]. - The provision for loan losses for the nine months ended September 30, 2025, in the BPPR segment was $168.5 million, a decrease of $18.3 million compared to the same period in 2024[333]. - The provision for loan losses in the Popular U.S. segment for the nine months ended September 30, 2025, was $20.8 million, an increase of $18.2 million driven by changes in credit quality within the commercial portfolio[333]. Deposits and Funding - Deposits increased to $66.5 billion, up $1.6 billion from December 31, 2024, driven by higher time deposits[305]. - Total deposits as of September 30, 2025, amounted to $66,513,404 thousand, with a breakdown of $54,877,997 thousand from BPPR and $12,161,598 thousand from Popular U.S.[402]. - Core deposits represented 92% of total deposits at $60.9 billion as of September 30, 2025, consistent with 92% at $59.9 billion as of December 31, 2024[398]. - The Corporation's borrowings totaled $1.2 billion, an increase of $70.7 million from December 31, 2024, primarily due to higher FHLB advances[363]. Non-Performing Assets - The Corporation's non-performing assets (NPAs) totaled $545.2 million as of September 30, 2025, an increase of $137.1 million compared to December 31, 2024[446]. - Non-performing loans (NPLs) reached $502.2 million, up by $151.4 million from December 31, 2024, with a ratio of NPLs to total loans held-in-portfolio at 1.30%[450][451]. - The ratio of non-performing assets to total assets increased to 0.84% from 0.61% in the previous period[458]. - The total inflows of NPLs at the BPPR segment increased by $205.2 million compared to the same period in 2024[460]. Economic Environment - The Puerto Rico Planning Board estimates real GNP growth of 2.1% for fiscal year 2024 and 1.1% for fiscal year 2025, with a forecast of 0.5% growth for fiscal year 2026[433]. - The U.S. Consumer Price Index showed a year-over-year increase of 3.0% as of September 2025, while Puerto Rico's Consumer Price Index increased by 1.9%[434]. - The economic challenges in Puerto Rico have led to increased delinquencies and charge-offs, impacting the Corporation's overall financial stability[443].

Group 1: Palantir Technologies - Palantir Technologies has seen a remarkable stock return of 1,960% since the launch of ChatGPT in November 2022, but analysts believe the stock is overvalued [1][3] - The company reported a 63% increase in revenue to $1.1 billion for the third quarter, marking the ninth consecutive quarter of revenue acceleration, with non-GAAP earnings more than doubling to $0.21 per diluted share [4] - Despite strong fundamentals, Palantir's stock trades at a valuation of 108 times sales, significantly higher than the next closest competitor at 38 times sales, indicating a potential 60% downside from its current price of $178 [5][7] Group 2: Nvidia - Nvidia holds over 90% market share in data center GPUs and is recognized for its leadership in generative AI networking equipment, but analysts have set a target price of $100 per share, implying a 46% downside from its current price of $188 [8][7] - Concerns have arisen regarding Nvidia's market position due to competition from Chinese AI labs and U.S. export restrictions, which have significantly impacted its ability to operate in China, reducing its market share from 95% to near zero [9][11] - Despite these challenges, Nvidia's stock trades at 54 times earnings, which is considered reasonable given the forecasted earnings growth of 36% annually over the next three years, suggesting it remains a worthwhile investment in the AI sector [12]

Core Points - The Cessna Citation Ascend has achieved FAA type certification, marking a significant milestone for Textron Aviation, with entry into service expected later this year [2][3] - The aircraft features an entirely new cockpit, improved performance, and a luxurious flat floor cabin, enhancing versatility and flexibility for customers [2][3] - The successful flight test program included over 1,000 flight hours and numerous certification tests [2][3] Aircraft Specifications - The Citation Ascend is equipped with Garmin G5000 avionics and powered by two Pratt & Whitney Canada PW545D engines, providing a maximum speed of 441 knots (817 km/h) and a maximum range of 1,940 nautical miles (3,593 km) [4] - The aircraft has a full fuel payload capacity of 900 pounds (408 kg) [4] - It includes an unattended Honeywell RE100 [XL] Auxiliary Power Unit (APU) for efficient pre-flight preparation [5] Cabin Features - The cabin can be configured for up to 12 passengers and offers luxurious amenities similar to the Cessna Citation Latitude and Longitude, including a flat floor for enhanced legroom [6] - Advanced acoustic treatment ensures a quiet environment, with cabin sound levels comparable to driving a car on the highway [8] - The cabin features larger windows (approximately 15% larger) for increased natural light and includes multiple charging ports and wireless control for lighting and entertainment [9][10] Technology and Innovation - The aircraft incorporates autothrottle technology to reduce pilot workload and enhance flight safety [7] - It features three large, 14-inch ultra high-resolution displays, synthetic vision technology, and advanced weather detection systems [7] - Connectivity options include standard GoGo U.S. Avance L3 Max Wi-Fi and optional U.S. Avance L5 Wi-Fi for global communication [10]

Core Viewpoint - Quantum computing stocks, particularly Rigetti Computing and D-Wave Quantum, have seen significant price increases, but analysts believe they are overvalued after substantial gains [1][2]. Rigetti Computing - Rigetti specializes in superconducting quantum computing, utilizing electrical circuits at near absolute zero temperatures to create qubits [3]. - The company has a vertically integrated model, manufacturing processors, designing software, and providing cloud-based services [3]. - Rigetti's gate-based systems are considered to have less immediate commercial value compared to D-Wave's annealing systems, although they may address more complex problems as the technology matures [4]. - In Q2, Rigetti's sales fell 42% to $1.8 million, and the GAAP net loss tripled to $40 million, with operations consuming $30 million in cash year-to-date [5]. - Rigetti's stock trades at an extremely high valuation of 1,253 times sales, suggesting a potential downside of 54% from its current price of $39 [6]. - Analysts have set a target price of $18 per share for Rigetti, indicating a significant downside risk [7]. D-Wave Quantum - D-Wave focuses on superconducting quantum computing and has historically excelled in annealing systems, which are effective for optimization problems [8]. - The company has recently ventured into gate-based systems but lacks vertical integration as it does not manufacture its own processors [9]. - D-Wave's quantum annealing systems currently have more commercial utility than Rigetti's gate-based systems, although scaling gate-based systems remains challenging due to high error rates [9]. - D-Wave reported a 42% increase in revenue to $3.1 billion in Q2, but the non-GAAP net loss was $0.08 per diluted share [10]. - The stock trades at 384 times sales, which, while lower than Rigetti's valuation, is still considered expensive, leading to a plausible downside of 41% from its current price of $34 [11].

Core Viewpoint - Popular Bank is exiting the U.S. residential mortgage origination business due to competitive pressures and a desire to focus on more profitable areas [2][3] Company Summary - Popular Bank, based in Puerto Rico, is the second institution to exit home lending in a little over a month, following Oceanfirst Bank's similar decision [1][7] - The bank reported a net income of $211 million in the most recent quarter, with a $129 million increase in mortgage activity in its Puerto Rico business [3] - The exit from the mortgage segment will impact an unspecified number of employees and is accompanied by the closure of four branches in the New York metropolitan area [2][3] Industry Summary - The mortgage industry is undergoing significant changes due to current market conditions, leading to a wave of mergers and exits as companies reassess their strategies [4] - Rising interest rates and housing affordability challenges have resulted in many nonbank lenders struggling with profitability, prompting them to merge or exit the mortgage business [5][6] - Other institutions, such as Ally Financial and WaFd Bank, have also announced exits from the mortgage segment, indicating a broader trend in the industry [6]

Core Insights - Popular, Inc. (BPOP) reported Q3 2025 EPS of $3.14, exceeding the Zacks Consensus Estimate of $3.04 and up from $2.16 in the same quarter last year [1][10] - The increase in earnings was driven by higher net interest income (NII), fee income, and loan balances, although challenges included lower deposit balances, increased operating expenses, and higher provisions [1][9] Financial Performance - Net income on a GAAP basis was $211.3 million, reflecting a 36% year-over-year increase [2] - Total quarterly revenues reached $817.7 million, an 11% increase from the previous year [3] - Quarterly NII was $646.5 million, up 12.9% year over year, with the net interest margin expanding by 27 basis points to 3.51% [3] - Non-interest income rose 4.3% year over year to $171.2 million, driven by increased service charges, mortgage banking activities, and other operating income [4] - Total operating expenses increased by 5.9% year over year to $495.3 million, primarily due to higher personnel costs and business promotion expenses [4] Loan and Deposit Trends - As of September 30, 2025, total loans held-in-portfolio increased by 1.3% sequentially to $37.9 billion [5] - Total deposits decreased by 1% from the previous quarter to $66.5 billion [5] Credit Quality - The provision for credit losses was $74.5 million, up 2.4% from the prior-year quarter [6] - Non-performing assets increased by 28.4% year over year to $545.1 million, with a non-performing assets to total assets ratio of 0.73% compared to 0.60% a year ago [6] Capital Ratios - As of September 30, 2025, the Common Equity Tier 1 capital ratio and Tier 1 capital ratio were 15.79% and 15.84%, respectively, down from 16.42% and 16.48% in the previous year [7] Share Repurchase Activity - In the reported quarter, the company repurchased 1,000,862 shares of common stock for $119.4 million [8] Strategic Outlook - The company is positioned to benefit from business transformation initiatives and modernization of customer channels, although the decline in deposit balances and elevated expenses may impact near-term growth [9]

Group 1 - The article does not provide any specific content related to a company or industry [1]

Group 1 - The article does not provide any specific content related to a company or industry [1]