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Stock impact report

Why Is Popular (BPOP) Stock Rocketing Higher Today [Yahoo! Finance]

Zions Bancorporation N.A. (ZION) 
Last zions bancorporation n.a. earnings: 4/20 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: zionsbancorp.com
Company Research Source: Yahoo! Finance
financial results that surpassed analyst expectations for profit while meeting revenue forecasts. The company announced quarterly earnings of $3.53 per share, which was 16.2% higher than analysts had predicted, while revenue grew 9% year-on-year to $823.8 million. A key driver of the positive results was net interest income, a core measure of bank profitability, which came in at $657.6 million, beating Wall Street's estimates. Furthermore, the company's tangible book value per share, a premier metric for valuing banks, grew 24.8% over the last year to $82.65. Overall, the solid earnings beat and outperformance in key banking metrics reassured investors about the company's financial health. Is now the time to buy Popular? Access our full analysis report here, it's free Popular's shares are not very volatile and have only had 7 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be somet Show less Read more
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