Popular, Inc. (NASDAQ:BPOP)
About Popular, Inc. (NASDAQ:BPOP) Popular, Inc. is a diversified, publicly owned bank holding company. The Company operates in three markets: Puerto Rico, the United States mainland and providing processing and other technology services in Puerto Rico, Florida, Venezuela, the Dominican ReEl Salvador and Costa Rica. The Company’s offer in Puerto Rico a range of retail and commercial banking services through its principal bank subsidiary, Banco Popular de Puerto Rico (Banco Popular or the Bank). The Bank accounted for 67% of total consolidated assets of the Company at December 31, 2009. Banco Popular has retail franchise in Puerto Rico, with 173 branches and over 580 automated teller machines (ATM’s). The Bank also operates seven branches in the United States Virgin Islands, one branch in the British Virgin Islands and one branch in New York. Banco Popular’s deposits are insured under the Deposit Insurance Fund (DIF) of the Federal Deposit Insurance Corporation (the FDIC).
Statistics Symbol
BPOP
EPS
0.27
Current Price
$3.35
Market Capitalization:
$3.43B
52 week range
$1.70 $4.22
Shares Outstanding
1.02B
Avg Volume
10.00M
Beta Value
1.61
Financials Popular, Inc. (NASDAQ:BPOP) engendered net income of $494.49 million in current quarter which is enormously greater than previous quarter’s net income of negative $83192 million. Moreover, net income is positive which led to positive EPS for the current quarter. The company’s cash flow from operation stood at $312.21 million as contrasted to last quarter’s cash flow from operation which was placed at $292.89 million. CFO is kept increasing which is a good sign and it shows if this trend continuous than company would not face any liquidity problem in future. The company’s total assets accumulate up to $40.82 billion as per its latest financials as on September 30, 2010. Current assets claim to have the highest contribution in the total assets. Return on equity and return on assets both are increasing. Total liabilities and total equity stand at $36.71 billion and $4.10 billion respectively.
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