rose after the Puerto Rico-based bank beat analysts' estimates for the fourth quarter. The bank posted profit of $130.2 million, or 47 cents a share, for the quarter ended Dec. 31, vs. $128.2 million and 47 cents a share a year ago.
Analysts polled by Thomson First Call expected the company to earn 41 cents. Popular rose 37 cents or 1.8%, to $21.33 in recent trading.
fell on the news the San Francisco-based financial services company missed analysts' fourth-quarter earnings expectations by a penny.
Wells Fargo said it earned $1.93 billion, or $1.14 a share, compared with $1.78 billion, or $1.04 a share, a year ago. Analysts were looking for earnings of $1.15 a share. Wells Fargo slipped 70 cents, or 1.1%, to $62.55.
Franklin Credit Management
dropped after the New York-based consumer finance company reported that its president and CEO, Jeffrey Johnson, resigned to pursue other business interests. Johnson also resigned from the board.
Thomas Axon, Franklin's founder and chairman, was appointed president and CEO. Franklin was down 35 cents, or 4.2%, to $8 in recent trading.
Main Street Banks
fell after the Atlanta-based bank said its fourth-quarter net income dropped. The company earned $6.9 million, or 32 cents a share, vs. $7.7 million, or 38 cents, a year ago. Shares of Main Street lost 27 cents, or 1%, to $27.15.