Financial Sector Equities Coverage -- Apollo Global Management, First Bancorp, HDFC Bank, and Popular

Jul 20, 2016, 08:30 ET from Chelmsford Park SA

NEW YORK, July 20, 2016 /PRNewswire/ --

Ahead of today's trading session, 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:

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:

First Bancorp 

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:

HDFC Bank  

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:


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:


Stock Callers: 

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 


The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  


SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: Phone number:  +44 330 808 3765 Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA