Popular (BPOP) came out with quarterly earnings of $2.51 per share, beating the Zacks Consensus Estimate of $2.04 per share. This compares to earnings of $1.94 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.04%. 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 $2.33 per share when it actually produced earnings of $2.16, delivering a ...

Exhibit 99.1 Popular, Inc. Announces Fourth Quarter 2024 Financial Results SAN JUAN, Puerto Rico – (BUSINESS WIRE) – Popular, Inc. (the "Corporation," "Popular," "we," "us," "our") (NASDAQ:BPOP) reported net income of $177.8 million for the quarter ended December 31, 2024, compared to net income of $155.3 million for the quarter ended September 30, 2024. Ignacio Alvarez, Chief Executive Officer, said: "Our financial results for the fourth quarter were solid, with net income of $178 million. We achieved stro ...

Alphabet subsidiary Google recently announced two major technical achievements with its Willow quantum computing chip. In response to the news, shares of Rigetti Computing (RGTI -3.16%) and D-Wave Quantum (QBTS -3.52%) during the next three weeks advanced 280% and 110%, respectively. But the market may have gotten ahead of itself... way ahead of itself.Most Wall Street analysts expect both stocks to decline sharply in the coming months, as detailed below:Among the six analysts that follow Rigetti Computing, ...

Popular (BPOP) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on January 28, 2025, might help the stock move higher if these key numbers are better than ex ...

Group 1: Cryptocurrency Market Overview - The total value of all cryptocurrencies in circulation is currently $3.5 trillion, with Bitcoin accounting for more than half of that value at nearly $2 trillion [1] - Bitcoin has gained popularity as a store of value due to its decentralized nature, capped supply, and secure blockchain system [2] Group 2: Bitcoin's Future Potential - Michael Saylor predicts Bitcoin could reach $13 million per coin by 2045, representing a potential gain of 13,031% from its current price of about $99,000 [3][6] - Saylor envisions a future where over $500 trillion worth of real assets are tokenized on the blockchain, positioning Bitcoin as the primary currency for these transactions [4][5] Group 3: Market Capitalization and Comparisons - A price of $13 million per Bitcoin would imply a market capitalization of approximately $257 trillion, significantly higher than the current total market cap of the S&P 500, which is $49.1 trillion [7] - Bitcoin's market cap would need to increase by 823% to match the total value of all gold reserves, which stands at $18.1 trillion, translating to a more realistic price target of $914,000 [12] Group 4: Challenges and Considerations - The assumption that all governments, companies, and individuals will agree to a Bitcoin-based financial system is questioned, highlighting the difficulty of achieving global consensus [8] - The potential disadvantages for weaker economies under a Bitcoin standard are noted, as they would face higher costs to acquire Bitcoin compared to stronger economies [10]

Apple (AAPL -2.41%) shares have advanced 34% during the past year, but that upside has been driven almost entirely by valuation multiple expansion rather than earnings growth. Consequently, some Wall Street analysts have turned bearish on the stock in the last couple of weeks.Tim Long at Barclays recently initiated coverage on Apple with a sell rating and a target of $184 per share. That forecast implies 24% downside from the current share price of $243.Tesla (TSLA -0.05%) shares have advanced 66% over the ...

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Shares of Palantir Technologies (PLTR -7.81%) advanced 1,110% during the last two years as the company benefited from strong demand for its artificial intelligence platform. But most Wall Street analysts see the stock as wildly overvalued. The median target of $39 per share implies 52% downside from its current share price of $80.Brad Zelnick at Deutsche Bank is particularly bearish on Palantir. He maintained his sell rating in a recent note, but raised his 12-month target price to $26 per share. That impli ...

Shares of Tesla (TSLA -3.46%) have surged 75% since the presidential election. But most Wall Street analysts now believe the stock is overvalued. The median 12-month target of $275 per share implies 38% downside from the current share price of $440.Joseph Spak at UBS is especially skeptical. He increased his price target to $226 per share in November, but kept his sell rating. He thinks the market is giving Tesla too much credit for its artificial intelligence (AI) ambitions. His outlook implies 49% downsid ...

DEWALT is the only tool manufacturer represented in Popular Science's 2024 Best of What's New Awards; this marks the sixth industry accolade DEWALT POWERSHIFT™ has received since its unveiling at World of Concrete in January 2024TOWSON, Md., Dec. 18, 2024 /PRNewswire/ -- DEWALT, a Stanley Black & Decker (NYSE: SWK) brand and leader in total jobsite solutions, today announced that the DEWALT POWERSHIFT™ system has been named one of the 50 greatest innovations in 2024 by Popular Science's Best of What's New A ...