Microvast Holdings announces departure of chief financial officer
Investing.com - Keefe, Bruyette & Woods raised its price target on Popular, Inc. (NASDAQ:BPOP) to $132.00 from $125.00 on Friday, while maintaining an Outperform rating on the stock.
The price target increase follows Popular’s quarterly earnings report that showed a "meaningful beat across almost all major line items," according to KBW. The firm also noted that Popular had raised its guidance.
KBW raised its 2026 earnings estimates for Popular by 5%, placing its forecast above the current consensus. The firm cited Popular’s strong positioning to benefit from economic tailwinds in Puerto Rico.
The bank stock has already gained 23% year-to-date, significantly outperforming the KRX banking index, which is up only 2% over the same period.
KBW projects Popular will achieve a 13% return on tangible common equity (ROTCE) by 2026, indicating tangible improvement in the bank’s profitability metrics.
In other recent news, Popular Inc . reported impressive financial results for the second quarter of 2025, significantly surpassing earnings expectations. The company’s earnings per share (EPS) reached $3.09, which was 22.62% higher than the projected $2.52. This strong performance was complemented by robust revenue figures, contributing to a positive reception in the market. Additionally, Citi raised its price target for Popular to $142 from $133, while maintaining a Buy rating on the stock. The upgrade was influenced by better-than-expected core net interest income results and an optimistic guidance increase for the full year 2025. These developments reflect the company’s strong financial health and positive outlook. Investors are likely to take note of these recent advancements as they consider their positions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.