Financial Performance - Net income for Q2 2024 was $177.8 million, up from $103.3 million in Q1 2024, representing a 72% increase[7]. - Excluding certain transactions, adjusted net income increased by $42.6 million compared to adjusted net income of $135.2 million in Q1 2024[8]. - Basic EPS for the quarter ended June 30, 2024, was $2.47, up from $1.43 in the previous quarter and $2.10 a year ago[65]. - Net income for Q2 2024 was $177,789 thousand, a significant increase of 72.1% compared to $103,283 thousand in Q2 2023[75]. - Diluted net income per common share for Q2 2024 was $2.46, compared to $1.43 in Q2 2023, representing a growth of 72.0%[75]. Income and Revenue - Total interest income for Q2 2024 was $921,907 thousand, an increase of 3.1% from Q1 2024 and up 15.9% from Q2 2023[74]. - Net interest income reached $568.3 million, an increase of $17.6 million from Q1 2024[8]. - Non-interest income was $166.3 million, compared to $163.8 million in Q1 2024[8]. - Total non-interest income for Q2 2024 was $166,306 thousand, an increase of 1.5% from Q1 2024[74]. - Non-interest income rose to $166.3 million in Q2 2024, an increase of $2.5 million from $163.8 million in Q1 2024, primarily driven by higher service fees[29]. Expenses and Efficiency - Operating expenses totaled $469.6 million in Q2 2024, a decrease of $13.5 million from Q1 2024, but increased by $7.2 million compared to adjusted expenses[34]. - Total operating expenses decreased to $469,576 thousand in Q2 2024, down 2.8% from $483,113 thousand in Q1 2024[75]. - The total personnel costs for Q2 2024 were $197,424 thousand, a decrease of 8.3% from Q1 2024[74]. Asset and Deposit Growth - Total assets increased to $72.8 billion as of June 30, 2024, up $1.9 billion from the previous quarter, driven by higher cash and money market investments, securities available-for-sale, and loans held-in-portfolio[55]. - Ending deposit balances rose to $65.5 billion, an increase of $1.7 billion from Q1 2024[9]. - Total deposits rose to $65,530,862 thousand, reflecting an increase of $1,722,078 thousand compared to the prior quarter[77]. - Deposits rose by $1.7 billion, primarily in the Puerto Rico public sector, with time deposit balances at Popular Bank increasing despite demand deposit outflows at BPPR[56]. Credit Quality and Allowance for Credit Losses - Credit quality metrics improved, with non-performing loans decreasing by $12.3 million and net charge-offs down by $8.6 million from Q1 2024[8]. - Non-performing loans decreased by $12.3 million to $341.8 million as of June 30, 2024, with a ratio of non-performing loans to total loans held-in-portfolio at 1.0%[40]. - The allowance for credit losses was $730.1 million as of June 30, 2024, with a ratio of 2.05% to loans held-in-portfolio, down from 2.11% in the previous quarter[45]. - The provision for credit losses for Q2 2024 was $44.2 million, significantly lower than $72.4 million in Q1 2024, reflecting improvements in credit quality[47]. - The total allowance for credit losses (ACL) reached $730,077,000, representing 2.05% of total loans held-in-portfolio of $35,591,620,000 as of June 30, 2024[110]. Stockholder Returns and Capital Management - The company announced a 13% increase in its quarterly common stock dividend, raising it from $0.62 to $0.70 per share[12]. - A common stock repurchase authorization of up to $500 million was also announced[14]. - Stockholders' equity increased by $195.4 million from the first quarter of 2024, mainly due to net income of $177.8 million and changes in accumulated other comprehensive loss[57]. - Total stockholders' equity increased to $5,372,678,000 as of June 30, 2024, compared to $5,177,314,000 on March 31, 2024[122]. Market Performance - Market capitalization reached $6.399 billion as of June 30, 2024, compared to $6.368 billion in the previous quarter[65]. - Return on average assets increased to 0.97% for the quarter, compared to 0.57% in the previous quarter[65]. - Return on average common equity rose to 10.38% from 6.07% in the previous quarter[65]. Employee Metrics - Full-time equivalent employees increased to 9,241 as of June 30, 2024, from 9,132 as of March 31, 2024[35].

There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits. The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. ...

Revenues are expected to be $728.83 million, up 5.3% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction mo ...

Core Viewpoint - Popular (BPOP) is positioned as a strong momentum stock, with recent earnings estimate revisions and positive price trends indicating potential for further gains in the near term [2][4][12]. Earnings Estimates - Over the past two months, one earnings estimate for BPOP has increased, while none have decreased, raising the consensus estimate from $8.31 to $8.36 for the full year [3]. - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period [3]. Price Performance - BPOP shares have increased by 8.7% over the past week, outperforming the Zacks Banks - Southeast industry, which rose by 6.52% [8]. - In a longer timeframe, BPOP's monthly price change is 13.18%, compared to the industry's 11.31% [8]. - Over the past quarter, BPOP shares have risen by 12.81%, and they are up 51.88% over the last year, significantly outperforming the S&P 500, which has moved 11.69% and 26.6% respectively [9]. Momentum Style Score - BPOP currently holds a Momentum Style Score of B, indicating strong momentum characteristics [4][11]. - The Zacks Rank for BPOP is 2 (Buy), suggesting that stocks with this rating and a Style Score of A or B tend to outperform the market in the following month [12]. Trading Volume - BPOP's average 20-day trading volume is 337,477 shares, which serves as a baseline for price-to-volume analysis [13].

Core Insights - Century Communities, Inc. is launching its Purple Tag Sales Event, offering significant savings on new homes across the nation, emphasizing its commitment to making homeownership more attainable for buyers [8]. Company Overview - Century Communities, Inc. is one of the largest homebuilders in the U.S., recognized for its leadership in online home sales and ranked as the most trustworthy homebuilder by Newsweek in 2024 [3][8]. - The company operates in 18 states and over 45 markets, providing a range of services including title, insurance, and lending through its subsidiaries [3]. Sales Event Details - The Purple Tag Sales Event features savings opportunities such as up to 25% off rates through competitive financing and rate lock programs via Inspire Home Loans [6]. - The event includes special pricing, closing cost assistance, and highlights the company's online homebuying experience [6][8]. Online Homebuying Process - The online homebuying process is streamlined, allowing customers to shop for homes, fill out a quick form, submit deposits, and sign contracts electronically [2].

However, some Wall Street analysts think the stocks have gotten ahead of themselves. Their 12-month price targets imply substantial downside for shareholders. Palantir Technologies: 67% implied downside In the bear camp, Gartner ranks Palantir below most peers in data integration tools, and the consultancy did not even mention Palantir in a recent report on data science and ML platforms. Last year, Rishi Jaluria at RBC Capital said conversations with industry experts and company employees suggest Palantir " ...

Company Strategy and Innovation - iQIYI launched AI-powered chatbots on its app and Weibo to enhance viewer engagement with fictional characters from its popular shows, reflecting its commitment to leveraging technology for content interaction [1] - The chatbots, developed by iQIYI's AIGC Interactive Center, use large language models (LLMs) to authentically portray characters' personalities and knowledge of their fictional universes, deepening audience engagement with storylines [2] - The chatbots are continuously updated with new plot developments for ongoing series, enabling fans to discuss the latest twists and turns in real-time [2] - This feature is part of iQIYI's broader strategy to foster deeper connections between viewers and content, alongside other interactive features like 3D emojis for bullet comments in its Apple Vision Pro app and Karaoke Mode in music variety shows [3] User Experience and Features - Within the iQIYI app, users can engage in text conversations and receive voice messages from their favorite characters, bringing iconic scenes and memorable dialogues to life [4] - The feature offers a personalized touch, allowing fans to receive custom greetings and unlock exclusive behind-the-scenes content for certain characters [4] - On Weibo, users can interact with chatbots based on characters from iQIYI's hit drama *My Journey to You* and variety show *The Rap of China 2024* [5] - Additional characters from widely acclaimed IPs, such as *Love Between Fairy and Devil*, are set to launch soon on Weibo [5]

Group 1: Company Overview - Century Communities, Inc. is one of the largest homebuilders in the U.S. and a leader in online home sales, recognized as the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies for 2024 [4] - The company operates in 18 states and over 45 markets, offering a range of services including title, insurance, and lending through its subsidiaries [4] - Century Communities aims to build attractive, high-quality homes at affordable prices, with a mission of providing "A HOME FOR EVERY DREAM®" [4] Group 2: Product Offerings - The company offers four single-family home collections with a mix of single- and two-story floor plans starting from the mid $500s [1] - Homes feature contemporary open-concept layouts, designer-selected finishes, and modern smart home technology [1] - Specific offerings include two-story floor plans with 3 to 4 bedrooms, up to 2,431 square feet, and 2-bay garages, with no HOA fees [2] Group 3: Locations and Communities - Twelve Bridges in Lincoln, CA, features two collections starting from the mid $500s, with amenities such as an event center, outdoor amphitheater, and parks [6] - SOMO Village in Rohnert Park, CA, has two collections now selling from the low $700s, with homes designed for summer and fall move-ins [2][6] - Both communities offer model homes for tours and are located in prime areas with easy access to major highways and local attractions [2][6] Group 4: Online Homebuying Experience - Century Communities provides an industry-first online homebuying experience, allowing customers to shop for homes, fill out a Buy Online form, and electronically sign contracts [3][7] - This innovative approach enhances convenience for homebuyers, making the purchasing process more accessible [3][7]

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus ...

Stocks at 52 week lows could provide value, but it's not always a sure thing. A low stock price does not necessarily translate to a cheap stock. One of those stocks trading at a 52wk low is McDonald's Corp (MCD 0.42%). *Stock prices used were end-of-day prices of July 5, 2024. The video was published on July 6, 2024. Stocks that trade at or near their 52 week lows could provide investors a list of stocks that could be cheap, but that alone does not warrant a cheap stock. As such, in today's video we will lo ...