Popular Inc. is Today's Focus Stock on MicroStockProfit.com
August 05 2010 - 6:50AM
MicroStockProfit.com announces an investment report featuring
Popular Inc. (Nasdaq:BPOP). The report includes financial,
comparative and investment analyses and recent company news that
you need to know to make an educated investment decision.
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The full report is available at:
http://www.microstockprofit.com/lp/BPOP
BPOP has been relatively stable recently. This is evidenced by
the width of its Bollinger Bands which are tighter than normal.
Additionally, BPOP is trading within its Bollinger Bands. This is a
normal condition and suggests that the stock is neither overbought
nor oversold relative to the recent price action.
Popular, Inc. (BPOP) is a diversified bank holding company. The
Company operates in three target markets: Puerto Rico, the mainland
United States, and processing and other technology services in
Puerto Rico, Venezuela, Florida and the Dominican Republic. In
Puerto Rico the Company offers an array of retail and commercial
banking services, through its principal bank subsidiary, Banco
Popular de Puerto Rico (Banco Popular or the Bank).
Message Board Search for BPOP:
http://www.boardcentral.com/boards/BPOP
In the report, the analyst notes:
"BPOP reported a net loss of $55.8 million for the quarter ended
June 30, 2010, compared with a net loss of $85.1 million for the
quarter ended March 31, 2010, and a net loss of $183.2 million for
the quarter ended June 30, 2009. For the six months ended June 30,
2010, the Corporation's net loss totaled $140.9 million, compared
to a net loss of $235.7 million for the same period in 2009.
"BPOP recently announced that it entered into an agreement and a
plan of merger that contemplates funds managed by Apollo
Management, L.P. acquiring a 51% interest in BPOP's processing
subsidiary, EVERTEC, and related processing businesses, through the
establishment of a joint venture."
To read the entire report visit:
http://www.microstockprofit.com/lp/BPOP
See what investors are saying about BPOP at penny stock
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recommendation to buy or sell any securities. MicroStockProfit.com
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