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Berkshire Hathaway's 2017: Tax Reform Windfall, Insurance Losses From Hurricanes, Younger Executives Promoted
Saturday, February 24, 2018 - 11:46am | 1267Read More...Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) gained $65.3 billion in value in 2017 and outperformed the S&P 500, posting a 21.9-percent rise in market value versus the index's 21.8-percent addition, CEO Warren Buffett said in his annual shareholder letter Saturday. Only $36 billion of...
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Goldman Downgrades Evertec, Says Puerto Rico's Hurricane Recovery Will Hurt Prospects
Wednesday, January 17, 2018 - 5:35pm | 418Read More...Street estimates for Evertec Inc (NYSE: EVTC), which operates full-service transaction processing in Latin America and the Caribbean, may not be reflect the company's risks, according to Goldman Sachs. The Analyst Goldman Sachs analyst James Schneider downgraded Evertec from...
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Hurricane Maria May Have Blown Shares Of Popular Down To An Attractive Level
Thursday, October 26, 2017 - 10:14am | 344Read More...Shares of Popular Inc (NASDAQ: BPOP), a financial holding company with exposure to Puerto Rico, has fallen more 15 percent since Sept. 18, but this has created a compelling buying opportunity, according to analysts at Barclays. The firm's Matthew Keating upgraded Popular's stock rating from Equal-...
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How Recent Hurricanes And Earthquakes Can Actually Benefit Reinsurance Investors
Tuesday, October 17, 2017 - 2:46pm | 1053Read More...In a context of geopolitical instability, devastating natural disasters and record-high market valuations, finding investments that can protect investors from market sell-offs isn't easy. However, having a diversified portfolio is fundamental: Prioritizing stability and predictability over...
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Elon Musk Offers To Rebuild Puerto Rico's Energy Infrastructure
Friday, October 6, 2017 - 8:14am | 507Read More...Puerto Rico is looking for answers to its devastating blackouts and leveled energy infrastructure. And Tesla Inc (NASDAQ: TSLA), the world’s panacea, is as eager as ever to be the solution. CEO Elon Musk responded Thursday to calls for intervention by confirming Tesla’s capacity to meet...
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PPG Industries Takes A Hit From Natural Disasters, But Buyers Aren't Deterred
Monday, September 25, 2017 - 1:18pm | 355Read More...On Monday morning, PPG Industries, Inc. (NYSE: PPG) updated its guidance and informed investors that the recent natural disasters, including hurricanes Maria, Irma and Harvey and the earthquakes in Mexico, will cost the company between 5 and 10 cents in diluted EPS in the third quarter. Despite the...
