Unlike most of the banks in Puerto Rico, the largest one by both assets and deposits has a large enough presence in the United States to rank it number 36th by assets among U.S. bank holding companies. Popular Inc. (NASDAQ:BPOP) currently has 192 branches in Puerto Rico and the Virgin Islands and 93 branches in New York, California, New Jersey, Florida and Illinois. Below I have highlighted the company's goals/challenges, fundamentals and current valuation.
Throughout this article I will be comparing Popular Inc. to its three closest Puerto Rican competitors OFG Bancorp (NYSE:OFG), Doral Financial Corp (NYSE:DRL) and First Bancorp (NYSE:FBP). As indicated above, Popular Inc. is the largest of the...
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