NEW YORK, July 20, 2016 /PRNewswire/ --
Ahead of today's trading session, Stock-Callers.com draws investors attention back to four Financial equities, namely, Apollo Global Management LLC (NYSE: APO), First Bancorp (NYSE: FBP), HDFC Bank Ltd (NYSE: HDB), and Popular Inc. (NASDAQ: BPOP). Ongoing disruptions continue to challenge the entire Financial sector, which is now in a much better shape than it was in 2008. There is a positive outlook for the industry as a possible rate hike before the year ends is likely. Learn more about these stocks by accessing their free notes at: http://stock-callers.com/registration
Let us now review the recent performances of the aforementioned stocks at the close on Tuesday, July 19, 2016:
Apollo Global Management
New York headquartered Apollo Global Management LLC's stock finished the session 0.19% lower at $15.99 with a total volume of 498,757 shares traded. The Company's shares have advanced 3.97% in the past month and 9.12% since the start of this year. The stock is trading 0.68% above its 50-day moving average and 1.60% above its 200-day moving average. Additionally, shares of Apollo Global Management, which primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors, have a Relative Strength Index (RSI) of 59.82.
On June 29[th], 2016, Diamond Resorts International, Inc. announced that it has entered into an Agreement and Plan of Merger with affiliates of certain funds (the "Apollo Funds") managed by affiliates of Apollo Global Management, pursuant to which the Apollo Funds will acquire Diamond Resorts for $30.25 per share or approximately $2.2 billion. Free notes on APO are available at: http://stock-callers.com/registration/?symbol=APO
On Tuesday, shares in Santurce, Puerto Rico headquartered First Bancorp recorded a total volume of 413,184 shares. The stock ended the session 1.98% lower at $4.45. The Company's shares have advanced 9.34% in the last one month, 39.50% in the previous three months, and 36.92% on an YTD basis. The stock is trading 8.09% above its 50-day moving average and 29.69% above its 200-day moving average. Moreover, shares of First Bancorp, which operates as the bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to retail, commercial, and institutional clients, have an RSI of 59.15.
On June 9th, 2016, First BanCorp announced that it has received regulatory approval to bring current the unpaid interest on its $216 million of trust preferred securities outstanding. The company had elected to defer the interest payments that were due in quarterly periods since March 2012. The Company informed that the aggregate amount of payments deferred and accrued through March 31st, 2016 plus the interest for the second quarter of 2016 approximates $31.2 million. The complimentary notes on FBP can be accessed at: http://stock-callers.com/registration/?symbol=FBP
Shares in Mumbai, India based HDFC Bank Ltd closed the day 0.13% lower at $68.62 and with a total volume of 350,613 shares traded. The stock has gained 6.53% in the last month, 8.93% over the previous three months, and 12.12% on an YTD basis. The Company's shares are trading 5.59% above their 50-day moving average and 13.40% above their 200-day moving average. Additionally, shares of HDFC Bank, which provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai, have an RSI of 67.21. Visit us today and access our complete notes on HDB at: http://stock-callers.com/registration/?symbol=HDB
At the close, shares in Hato Rey, Puerto Rico headquartered Popular Inc. ended at $30.92, climbing 0.52%. The stock recorded a trading volume of 442,796 shares. The Company's shares have advanced 5.60% in the last one month, 6.01% in the previous three months, and 10.25% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 3.80% and 9.43%, respectively. Furthermore, shares of Popular, which through its subsidiaries, provide various retail and commercial banking products and services primarily to institutional and retail customers, have an RSI of 60.97.
On June 23rd, 2016, research firm Barclays initiated an 'Equal-Weight' rating, issuing a target price of $32 on the Company's stock.
On July 19th, 2016, Popular announced the launch of Popular Direct, a national online banking platform that offers competitively priced Certificates of Deposits and a Savings Account. Popular Direct plans to roll out online checking as well as some other consumer products over the next 18 months. Get free access to your notes on BPOP at:
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