B
Popular, Inc.
BPOP
$93.33
-$0.50-0.53%
B
Buy
3/6/2025Upgraded
Popular, Inc. (BPOP) was upgraded to B from C+ on 3/6/2025 due to a noticeable increase in the growth index, valuation index and total return index. Earnings per share increased from $2.1581 to $2.5093, and total revenue increased 3.65% from $665.11M to $689.36M.
Popular, Inc. (BPOP) was upgraded to B from C+ on 3/6/2025 due to a noticeable increase in the growth index, valuation index and total return index. Earnings per share increased from $2.1581 to $2.5093, and total revenue increased 3.65% from $665.11M to $689.36M.
C
Hold
2/4/2025Upgraded
Popular, Inc. (BPOP) was upgraded to C+ from C on 2/4/2025 due to an increase in the total return index and efficiency index.
Popular, Inc. (BPOP) was upgraded to C+ from C on 2/4/2025 due to an increase in the total return index and efficiency index.
C
Hold
12/20/2024Downgrade
Popular, Inc. (BPOP) was downgraded to C from C+ on 12/20/2024 due to a decline in the total return index.
Popular, Inc. (BPOP) was downgraded to C from C+ on 12/20/2024 due to a decline in the total return index.
C
Hold
12/2/2024Upgraded
Popular, Inc. (BPOP) was upgraded to C+ from C on 12/2/2024 due to an increase in the total return index and volatility index.
Popular, Inc. (BPOP) was upgraded to C+ from C on 12/2/2024 due to an increase in the total return index and volatility index.
C
Hold
11/15/2024Downgrade
Popular, Inc. (BPOP) was downgraded to C from B- on 11/15/2024 due to a noticeable decline in the total return index, growth index and efficiency index. Net income declined 12.64% from $177.79M to $155.32M, earnings per share declined from $2.46 to $2.1581, and total revenue declined 3.3% from $687.82M to $665.11M.
Popular, Inc. (BPOP) was downgraded to C from B- on 11/15/2024 due to a noticeable decline in the total return index, growth index and efficiency index. Net income declined 12.64% from $177.79M to $155.32M, earnings per share declined from $2.46 to $2.1581, and total revenue declined 3.3% from $687.82M to $665.11M.
B
Buy
9/13/2024Upgraded
Popular, Inc. (BPOP) was upgraded to B- from C+ on 9/13/2024 due to an increase in the growth index, total return index and valuation index. Earnings per share increased from $1.43 to $2.46, and total revenue increased 7.14% from $641.96M to $687.82M.
Popular, Inc. (BPOP) was upgraded to B- from C+ on 9/13/2024 due to an increase in the growth index, total return index and valuation index. Earnings per share increased from $1.43 to $2.46, and total revenue increased 7.14% from $641.96M to $687.82M.
C
Hold
9/3/2024Upgraded
Popular, Inc. (BPOP) was upgraded to C+ from C on 9/3/2024 due to an increase in the volatility index and total return index.
Popular, Inc. (BPOP) was upgraded to C+ from C on 9/3/2024 due to an increase in the volatility index and total return index.
C
Hold
5/14/2024Downgrade
Popular, Inc. (BPOP) was downgraded to C from B- on 5/14/2024 due to a major decline in the growth index, valuation index and efficiency index. Total revenue declined 36.55% from $1.01B to $641.96M, and operating cash flow declined 24.36% from $213.59M to $161.56M.
Popular, Inc. (BPOP) was downgraded to C from B- on 5/14/2024 due to a major decline in the growth index, valuation index and efficiency index. Total revenue declined 36.55% from $1.01B to $641.96M, and operating cash flow declined 24.36% from $213.59M to $161.56M.
B
Buy
1/4/2024Upgraded
Popular, Inc. (BPOP) was upgraded to B- from C+ on 1/4/2024 due to an increase in the total return index and volatility index.
Popular, Inc. (BPOP) was upgraded to B- from C+ on 1/4/2024 due to an increase in the total return index and volatility index.
C
Hold
11/15/2023Upgraded
Popular, Inc. (BPOP) was upgraded to C+ from C on 11/15/2023 due to an increase in the total return index.
Popular, Inc. (BPOP) was upgraded to C+ from C on 11/15/2023 due to an increase in the total return index.
C
Hold
11/1/2023Downgrade
Popular, Inc. (BPOP) was downgraded to C from C+ on 11/1/2023 due to a decline in the efficiency index and total return index. Net income declined 4.92% from $158.98M to $151.16M.
Popular, Inc. (BPOP) was downgraded to C from C+ on 11/1/2023 due to a decline in the efficiency index and total return index. Net income declined 4.92% from $158.98M to $151.16M.
C
Hold
8/8/2023Upgraded
Popular, Inc. (BPOP) was upgraded to C+ from C on 8/8/2023 due to an increase in the solvency index, volatility index and total return index. Debt to equity declined from 0.36 to 0.32.
Popular, Inc. (BPOP) was upgraded to C+ from C on 8/8/2023 due to an increase in the solvency index, volatility index and total return index. Debt to equity declined from 0.36 to 0.32.
C
Hold
4/10/2023Downgrade
Popular, Inc. (BPOP) was downgraded to C from C+ on 4/10/2023 due to a substantial decline in the growth index, total return index and efficiency index. Net income declined 39.12% from $422.4M to $257.14M, earnings per share declined from $5.7 to $3.554, and operating cash flow declined 37.55% from $322.08M to $201.13M.
Popular, Inc. (BPOP) was downgraded to C from C+ on 4/10/2023 due to a substantial decline in the growth index, total return index and efficiency index. Net income declined 39.12% from $422.4M to $257.14M, earnings per share declined from $5.7 to $3.554, and operating cash flow declined 37.55% from $322.08M to $201.13M.
C
Hold
1/24/2023Downgrade
Popular, Inc. (BPOP) was downgraded to C+ from B- on 1/24/2023 due to a decline in the volatility index, total return index and valuation index.
Popular, Inc. (BPOP) was downgraded to C+ from B- on 1/24/2023 due to a decline in the volatility index, total return index and valuation index.
B
Buy
1/4/2023Upgraded
Popular, Inc. (BPOP) was upgraded to B- from C+ on 1/4/2023 due to an increase in the total return index, valuation index and dividend index.
Popular, Inc. (BPOP) was upgraded to B- from C+ on 1/4/2023 due to an increase in the total return index, valuation index and dividend index.
C
Hold
12/14/2022Downgrade
Popular, Inc. (BPOP) was downgraded to C+ from B- on 12/14/2022 due to a decline in the total return index and volatility index.
Popular, Inc. (BPOP) was downgraded to C+ from B- on 12/14/2022 due to a decline in the total return index and volatility index.
B
Buy
11/29/2022Upgraded
Popular, Inc. (BPOP) was upgraded to B- from C+ on 11/29/2022 due to an increase in the growth index, volatility index and efficiency index. Earnings per share increased from $2.77 to $5.7, net income increased 99.79% from $211.42M to $422.4M, and total revenue increased 40.38% from $681.91M to $957.24M.
Popular, Inc. (BPOP) was upgraded to B- from C+ on 11/29/2022 due to an increase in the growth index, volatility index and efficiency index. Earnings per share increased from $2.77 to $5.7, net income increased 99.79% from $211.42M to $422.4M, and total revenue increased 40.38% from $681.91M to $957.24M.
C
Hold
11/2/2022Downgrade
Popular, Inc. (BPOP) was downgraded to C+ from B- on 11/2/2022 due to a decline in the volatility index, solvency index and total return index.
Popular, Inc. (BPOP) was downgraded to C+ from B- on 11/2/2022 due to a decline in the volatility index, solvency index and total return index.
B
Buy
3/15/2022Downgrade
Popular, Inc. (BPOP) was downgraded to B- from B on 3/15/2022 due to a substantial decline in the total return index, efficiency index and growth index. Net income declined 16.95% from $248.11M to $206.06M, earnings per share declined from $3.09 to $2.5818, and total revenue declined 2.89% from $719.82M to $699.01M.
Popular, Inc. (BPOP) was downgraded to B- from B on 3/15/2022 due to a substantial decline in the total return index, efficiency index and growth index. Net income declined 16.95% from $248.11M to $206.06M, earnings per share declined from $3.09 to $2.5818, and total revenue declined 2.89% from $719.82M to $699.01M.
B
Buy
1/7/2022Upgraded
Popular, Inc. (BPOP) was upgraded to B from B- on 1/7/2022 due to a noticeable increase in the total return index.
Popular, Inc. (BPOP) was upgraded to B from B- on 1/7/2022 due to a noticeable increase in the total return index.
B
Buy
12/20/2021Downgrade
Popular, Inc. (BPOP) was downgraded to B- from B on 12/20/2021 due to a noticeable decline in the total return index, dividend index and efficiency index.
Popular, Inc. (BPOP) was downgraded to B- from B on 12/20/2021 due to a noticeable decline in the total return index, dividend index and efficiency index.
B
Buy
11/3/2021Upgraded
Popular, Inc. (BPOP) was upgraded to B from B- on 11/3/2021 due to a significant increase in the total return index, growth index and valuation index. Operating cash flow increased 51.72% from $190.4M to $288.87M.
Popular, Inc. (BPOP) was upgraded to B from B- on 11/3/2021 due to a significant increase in the total return index, growth index and valuation index. Operating cash flow increased 51.72% from $190.4M to $288.87M.
B
Buy
2/24/2021Upgraded
Popular, Inc. (BPOP) was upgraded to B- from C+ on 2/24/2021 due to a noticeable increase in the total return index, volatility index and efficiency index.
Popular, Inc. (BPOP) was upgraded to B- from C+ on 2/24/2021 due to a noticeable increase in the total return index, volatility index and efficiency index.
C
Hold
1/20/2021Upgraded
Popular, Inc. (BPOP) was upgraded to C+ from C on 1/20/2021 due to a noticeable increase in the total return index, growth index and volatility index. Operating cash flow increased 60.69% from $114.55M to $184.07M, earnings per share increased from $1.49 to $2, and total revenue increased 14.02% from $500.49M to $570.65M.
Popular, Inc. (BPOP) was upgraded to C+ from C on 1/20/2021 due to a noticeable increase in the total return index, growth index and volatility index. Operating cash flow increased 60.69% from $114.55M to $184.07M, earnings per share increased from $1.49 to $2, and total revenue increased 14.02% from $500.49M to $570.65M.
C
Hold
10/5/2020Upgraded
Popular, Inc. (BPOP) was upgraded to C from C- on 10/5/2020 due to an increase in the volatility index, valuation index and dividend index.
Popular, Inc. (BPOP) was upgraded to C from C- on 10/5/2020 due to an increase in the volatility index, valuation index and dividend index.
C
Hold
9/14/2020Downgrade
Popular, Inc. (BPOP) was downgraded to C- from C on 9/14/2020 due to a decline in the total return index.
Popular, Inc. (BPOP) was downgraded to C- from C on 9/14/2020 due to a decline in the total return index.
C
Hold
8/26/2020Upgraded
Popular, Inc. (BPOP) was upgraded to C from C- on 8/26/2020 due to an increase in the dividend index and total return index.
Popular, Inc. (BPOP) was upgraded to C from C- on 8/26/2020 due to an increase in the dividend index and total return index.
C
Hold
5/12/2020Downgrade
Popular, Inc. (BPOP) was downgraded to C- from C on 5/12/2020 due to a large decline in the total return index, volatility index and valuation index.
Popular, Inc. (BPOP) was downgraded to C- from C on 5/12/2020 due to a large decline in the total return index, volatility index and valuation index.
C
Hold
3/19/2020Downgrade
Popular, Inc. (BPOP) was downgraded to C from C+ on 3/19/2020 due to a decline in the volatility index and total return index.
Popular, Inc. (BPOP) was downgraded to C from C+ on 3/19/2020 due to a decline in the volatility index and total return index.
C
Hold
3/16/2020Downgrade
Popular, Inc. (BPOP) was downgraded to C+ from B- on 3/16/2020 due to a decline in the volatility index and total return index.
Popular, Inc. (BPOP) was downgraded to C+ from B- on 3/16/2020 due to a decline in the volatility index and total return index.
B
Buy
3/9/2020Downgrade
Popular, Inc. (BPOP) was downgraded to B- from B on 3/9/2020 due to a large decline in the total return index and volatility index.
Popular, Inc. (BPOP) was downgraded to B- from B on 3/9/2020 due to a large decline in the total return index and volatility index.
B
Buy
2/28/2019Upgraded
Popular, Inc. (BPOP) was upgraded to B from B- on 2/28/2019 due to an increase in the volatility index.
Popular, Inc. (BPOP) was upgraded to B from B- on 2/28/2019 due to an increase in the volatility index.
B
Buy
12/19/2018Downgrade
Popular, Inc. (BPOP) was downgraded to B- from B on 12/19/2018 due to a large decline in the growth index, total return index and solvency index. Earnings per share declined from $2.7276 to $1.38, and debt to equity increased from 0.35 to 0.39.
Popular, Inc. (BPOP) was downgraded to B- from B on 12/19/2018 due to a large decline in the growth index, total return index and solvency index. Earnings per share declined from $2.7276 to $1.38, and debt to equity increased from 0.35 to 0.39.
B
Buy
10/15/2018Upgraded
Popular, Inc. (BPOP) was upgraded to B from B- on 10/15/2018 due to an increase in the volatility index and total return index.
Popular, Inc. (BPOP) was upgraded to B from B- on 10/15/2018 due to an increase in the volatility index and total return index.
B
Buy
8/14/2018Upgraded
Popular, Inc. (BPOP) was upgraded to B- from C+ on 8/14/2018 due to a significant increase in the valuation index, growth index and total return index. Earnings per share increased from $0.8889 to $2.73, and total revenue increased 11.63% from $435.48M to $486.14M.
Popular, Inc. (BPOP) was upgraded to B- from C+ on 8/14/2018 due to a significant increase in the valuation index, growth index and total return index. Earnings per share increased from $0.8889 to $2.73, and total revenue increased 11.63% from $435.48M to $486.14M.
C
Hold
5/15/2018Upgraded
Popular, Inc. (BPOP) was upgraded to C+ from C on 5/15/2018 due to a noticeable increase in the growth index, total return index and volatility index. Operating cash flow increased 2,399.83% from -$8.27M to $190.08M, earnings per share increased from -$1.0163 to $0.8889, and total revenue increased 8.05% from $403.02M to $435.48M.
Popular, Inc. (BPOP) was upgraded to C+ from C on 5/15/2018 due to a noticeable increase in the growth index, total return index and volatility index. Operating cash flow increased 2,399.83% from -$8.27M to $190.08M, earnings per share increased from -$1.0163 to $0.8889, and total revenue increased 8.05% from $403.02M to $435.48M.
C
Hold
3/12/2018Downgrade
Popular, Inc. (BPOP) was downgraded to C from C+ on 3/12/2018 due to a substantial decline in the growth index, valuation index and efficiency index. Earnings per share declined from $0.19 to -$1.0163, net income declined 594.36% from $20.66M to -$102.15M, and operating cash flow declined 103.13% from $263.8M to -$8.27M.
Popular, Inc. (BPOP) was downgraded to C from C+ on 3/12/2018 due to a substantial decline in the growth index, valuation index and efficiency index. Earnings per share declined from $0.19 to -$1.0163, net income declined 594.36% from $20.66M to -$102.15M, and operating cash flow declined 103.13% from $263.8M to -$8.27M.
C
Hold
2/16/2018Upgraded
Popular, Inc. (BPOP) was upgraded to C+ from C on 2/16/2018 due to an increase in the total return index and volatility index.
Popular, Inc. (BPOP) was upgraded to C+ from C on 2/16/2018 due to an increase in the total return index and volatility index.
C
Hold
2/1/2018Downgrade
Popular, Inc. (BPOP) was downgraded to C from C+ on 2/1/2018 due to a decline in the volatility index, valuation index and dividend index.
Popular, Inc. (BPOP) was downgraded to C from C+ on 2/1/2018 due to a decline in the volatility index, valuation index and dividend index.
C
Hold
11/14/2017Downgrade
Popular, Inc. (BPOP) was downgraded to C+ from B- on 11/14/2017 due to a large decline in the growth index, total return index and volatility index. Earnings per share declined from $0.9379 to $0.19, and total revenue declined 11.65% from $438.79M to $387.67M.
Popular, Inc. (BPOP) was downgraded to C+ from B- on 11/14/2017 due to a large decline in the growth index, total return index and volatility index. Earnings per share declined from $0.9379 to $0.19, and total revenue declined 11.65% from $438.79M to $387.67M.
B
Buy
8/11/2017Upgraded
Popular, Inc. (BPOP) was upgraded to B- from C+ on 8/11/2017 due to a significant increase in the growth index, efficiency index and volatility index. Earnings per share increased from $0.89 to $0.9379, operating cash flow increased 4.47% from $185.84M to $194.15M, and net income increased 3.53% from $92.95M to $96.23M.
Popular, Inc. (BPOP) was upgraded to B- from C+ on 8/11/2017 due to a significant increase in the growth index, efficiency index and volatility index. Earnings per share increased from $0.89 to $0.9379, operating cash flow increased 4.47% from $185.84M to $194.15M, and net income increased 3.53% from $92.95M to $96.23M.
C
Hold
5/12/2017Upgraded
Popular, Inc. (BPOP) was upgraded to C+ from C on 5/12/2017 due to an increase in the growth index, solvency index and dividend index. Earnings per share increased from -$0.049 to $0.89, debt to equity declined from 0.4 to 0.39, and total revenue increased 1.53% from $430.7M to $437.27M.
Popular, Inc. (BPOP) was upgraded to C+ from C on 5/12/2017 due to an increase in the growth index, solvency index and dividend index. Earnings per share increased from -$0.049 to $0.89, debt to equity declined from 0.4 to 0.39, and total revenue increased 1.53% from $430.7M to $437.27M.
C
Hold
3/21/2017Downgrade
Popular, Inc. (BPOP) was downgraded to C from C+ on 3/21/2017 due to a large decline in the valuation index, total return index and efficiency index. Net income declined 108.77% from $46.81M to -$4.11M.
Popular, Inc. (BPOP) was downgraded to C from C+ on 3/21/2017 due to a large decline in the valuation index, total return index and efficiency index. Net income declined 108.77% from $46.81M to -$4.11M.
C
Hold
11/11/2016Downgrade
Popular, Inc. (BPOP) was downgraded to C+ from B- on 11/11/2016 due to a decline in the growth index, valuation index and total return index. Operating cash flow declined 57.03% from $184.4M to $79.24M, and earnings per share declined from $0.85 to $0.44.
Popular, Inc. (BPOP) was downgraded to C+ from B- on 11/11/2016 due to a decline in the growth index, valuation index and total return index. Operating cash flow declined 57.03% from $184.4M to $79.24M, and earnings per share declined from $0.85 to $0.44.
B
Buy
10/31/2016Upgraded
Popular, Inc. (BPOP) was upgraded to B- from C+ on 10/31/2016 due to a major increase in the total return index, volatility index and valuation index.
Popular, Inc. (BPOP) was upgraded to B- from C+ on 10/31/2016 due to a major increase in the total return index, volatility index and valuation index.
C
Hold
9/16/2016Upgraded
Popular, Inc. (BPOP) was upgraded to C+ from C on 9/16/2016 due to a substantial increase in the total return index and volatility index.
Popular, Inc. (BPOP) was upgraded to C+ from C on 9/16/2016 due to a substantial increase in the total return index and volatility index.
C
Hold
8/4/2016Downgrade
Popular, Inc. (BPOP) was downgraded to C from C+ on 8/4/2016 due to a decline in the total return index, valuation index and dividend index.
Popular, Inc. (BPOP) was downgraded to C from C+ on 8/4/2016 due to a decline in the total return index, valuation index and dividend index.
C
Hold
7/20/2016Upgraded
Popular, Inc. (BPOP) was upgraded to C+ from C on 7/20/2016 due to a noticeable increase in the volatility index, total return index and efficiency index. Total capital increased 0.21% from $4.69B to $4.7B.
Popular, Inc. (BPOP) was upgraded to C+ from C on 7/20/2016 due to a noticeable increase in the volatility index, total return index and efficiency index. Total capital increased 0.21% from $4.69B to $4.7B.
C
Hold
4/26/2016Upgraded
Popular, Inc. (BPOP) was upgraded to C from C- on 4/26/2016 due to an increase in the volatility index.
Popular, Inc. (BPOP) was upgraded to C from C- on 4/26/2016 due to an increase in the volatility index.
C
Hold
4/11/2016Downgrade
Popular, Inc. (BPOP) was downgraded to C- from C on 4/11/2016 due to a decline in the total return index.
Popular, Inc. (BPOP) was downgraded to C- from C on 4/11/2016 due to a decline in the total return index.
C
Hold
3/11/2016Downgrade
Popular, Inc. (BPOP) was downgraded to C from B- on 3/11/2016 due to a major decline in the volatility index and total return index.
Popular, Inc. (BPOP) was downgraded to C from B- on 3/11/2016 due to a major decline in the volatility index and total return index.
B
Buy
11/11/2015Downgrade
Popular, Inc. (BPOP) was downgraded to B- from B on 11/11/2015 due to a substantial decline in the growth index and volatility index. Earnings per share declined from $5.7901 to $0.8199, and total revenue declined 2.79% from $427.08M to $415.17M.
Popular, Inc. (BPOP) was downgraded to B- from B on 11/11/2015 due to a substantial decline in the growth index and volatility index. Earnings per share declined from $5.7901 to $0.8199, and total revenue declined 2.79% from $427.08M to $415.17M.
B
Buy
10/29/2015Upgraded
Popular, Inc. (BPOP) was upgraded to B from B- on 10/29/2015 due to an increase in the total return index.
Popular, Inc. (BPOP) was upgraded to B from B- on 10/29/2015 due to an increase in the total return index.
B
Buy
10/12/2015Downgrade
Popular, Inc. (BPOP) was downgraded to B- from B on 10/12/2015 due to a large decline in the volatility index, total return index and valuation index.
Popular, Inc. (BPOP) was downgraded to B- from B on 10/12/2015 due to a large decline in the volatility index, total return index and valuation index.
B
Buy
9/18/2015Downgrade
Popular, Inc. (BPOP) was downgraded to B from B+ on 9/18/2015 due to a decline in the total return index and volatility index.
Popular, Inc. (BPOP) was downgraded to B from B+ on 9/18/2015 due to a decline in the total return index and volatility index.
B
Buy
8/12/2015Upgraded
Popular, Inc. (BPOP) was upgraded to B+ from C- on 8/12/2015 due to a significant increase in the valuation index, growth index and efficiency index. Earnings per share increased from $0.7179 to $5.7901, net income increased 698.46% from $74.83M to $597.45M, and total revenue increased 2.08% from $418.4M to $427.08M.
Popular, Inc. (BPOP) was upgraded to B+ from C- on 8/12/2015 due to a significant increase in the valuation index, growth index and efficiency index. Earnings per share increased from $0.7179 to $5.7901, net income increased 698.46% from $74.83M to $597.45M, and total revenue increased 2.08% from $418.4M to $427.08M.
C
Hold
7/24/2015Downgrade
Popular, Inc. (BPOP) was downgraded to C- from C on 7/24/2015 due to a noticeable decline in the efficiency index, volatility index and total return index.
Popular, Inc. (BPOP) was downgraded to C- from C on 7/24/2015 due to a noticeable decline in the efficiency index, volatility index and total return index.
C
Hold
8/13/2014Downgrade
Popular, Inc. (BPOP) was downgraded to C from A- on 8/13/2014 due to a significant decline in the valuation index, growth index and efficiency index. Earnings per share declined from $0.8233 to -$4.9838, net income declined 691.74% from $86.41M to -$511.31M, and total revenue declined 115.86% from $367.37M to -$58.27M.
Popular, Inc. (BPOP) was downgraded to C from A- on 8/13/2014 due to a significant decline in the valuation index, growth index and efficiency index. Earnings per share declined from $0.8233 to -$4.9838, net income declined 691.74% from $86.41M to -$511.31M, and total revenue declined 115.86% from $367.37M to -$58.27M.
A
Buy
4/24/2014Upgraded
Popular, Inc. (BPOP) was upgraded to A- from B+ on 4/24/2014 due to a substantial increase in the growth index, volatility index and efficiency index. Total capital increased 4.22% from $4.57B to $4.76B.
Popular, Inc. (BPOP) was upgraded to A- from B+ on 4/24/2014 due to a substantial increase in the growth index, volatility index and efficiency index. Total capital increased 4.22% from $4.57B to $4.76B.
B
Buy
3/4/2014Upgraded
Popular, Inc. (BPOP) was upgraded to B+ from B on 3/4/2014 due to an increase in stability, growth and solvency.
Popular, Inc. (BPOP) was upgraded to B+ from B on 3/4/2014 due to an increase in stability, growth and solvency.
NASDAQ
03/07/2025 4:00PM Eastern
Quotes delayed
