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DRL.N

ISIN: PR25811P8869
SEDOL: 2343372

Rating:

HOLD

Target Price:

6.83 USD

Investment Horizon:

6 to 12 months
15th Jan 2009 View Report   Download

Company News Alert

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Doral Financial Corporation’s (Doral) NYSE common stock price has declined significantly since our previous company news alert, achieving our target price, reflecting broad based decline in equity markets and investor concerns over the impact of the global economic downturn on the banking sector. ...

7th Jan 2009 View Report   Download

Company News Alert

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The Doral Financial Corporation (Doral) common stock has appreciated significantly since our last update report, reflecting a broad-based rally in global equity markets. Considering the jump in the stock price and the fact that the target price derived in our last update report now supports a SELL, we downgrade the NYSE common stock. We will reassess our common stock rating for Doral after the company announces its 4Q 08 and FY 2008…

12th Dec 2008 View Report   Download

3Q 08 Update Report

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Doral Financial Corporation (Doral) reported a y-o-y increase in its top-line in 3Q 08, driven by an increase in Net Interest Income (NII). Doral’s average total assets increased, primarily due to a rise in average mortgage-backed securities (MBS)....

3rd Dec 2008 View Report   Download

Company News Alert

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The Doral Financial Corporation (Doral) common stock price appreciated significantly on 02 December 2008, reflecting overall market movement on the same day. However, in light of the bank’s announcement on 30 October 2008 that its exposure to Lehman Brothers Inc, had led to a reduction in its total assets and liabilities by approximately US$509 mn, and the recording of a net loss of US$10.1 mn in 3Q 08, our outlook for the stock has…

2nd Dec 2008 View Report   Download

Company News Alert

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The Doral Financial Corporation (Doral) common stock price depreciated significantly on 01 December 2008, reflecting overall market movement on the day. In light of the bank’s announcement on 30 October 2008 that its exposure to Lehman Brothers Inc. had led to a reduction in its total assets and liabilities by approximately US$509 mn, and the recording of a net loss of US$10.1 mn in 3Q 08, our outlook for the stock has deteriorated…