Saul Martinez

Santander Mexico Plunges After JPMorgan Cut: Mexico City Mover

Grupo Financiero Santander Mexico SAB, the Mexican unit of Spain’s biggest bank, had its biggest two-day slide in three months after JPMorgan Chase & Co. said earnings growth is slowing and cut its rating on the stock.

Banorte Tumbles as JPMorgan Cuts Stock Rating: Mexico City Mover

Grupo Financiero Banorte SAB, Mexico’s third-biggest lender by loans, fell the most in six months after JPMorgan Chase & Co. cut its recommendation to the equivalent of hold from buy, citing the stock’s valuation.

Itau, Bradesco Fall After JPMorgan Cuts Rating: Sao Paulo Mover

Banco Bradesco SA and Itau Unibanco Holding SA, Brazil’s largest private banks, declined after JPMorgan Chase & Co. scrapped an “overweight” rating on the stocks.

Bovespa Index Falls for a Second Day as Braskem Follows Commodities’ Drop

The Bovespa stock index fell for a second day as raw material producers followed commodities prices lower amid renewed concern that Europe’s debt crisis will damp global growth.

Brazil’s Cielo Rises to Eight-Month High on Profit

Cielo SA , Brazil’s biggest card- payment processor by market value, rose to a eight-month high after first-quarter earnings beat estimates, boosting the industry’s growth prospects.

Galicia Climbs to Three-Year High in Buenos Aires as JPMorgan's Top Pick

Grupo Financiero Galicia SA rose to a three-year high in Buenos Aires trading after JPMorgan Chase & Co. raised the financial holding company to “overweight.”

Panamericano Rallies on Growing Speculation Bank Poised to Be Acquired

Banco Panamericano SA , the Brazilian bank being investigated for alleged fraud, rallied after last week’s 37 percent plunge on speculation the company may be acquired.

Colombian Stocks: Ecopetrol, Rubiales, Canacol, Bancolombia

The following companies are having unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 10:32 a.m. New York time.

Panamericano Rescue May Cut Loan Purchases, JPMorgan, Bank of America Say

Banco Panamericano SA ’s 2.5 billion- real ($1.5 billion) rescue may hurt Brazil’s smallest banks as increased “scrutiny” cuts demand for loan-portfolio purchases, JPMorgan Chase & Co. and Bank of America Corp. said.

Brazil

Sao Paulo

Mexico

European Stocks Rise on U.S. Consumer Confidence Report

U.S. Stocks Advance on Leading Indicators, Sentiment Data

IRS Learned Lesson After Scandal, Departing Chief Says

Tesla Plans to Raise $1.08 Billion While Paying Back U.S.

Gold Heads for Longest Slump in Four Years on Fed, Dollar