Profit Fan

Popular, Inc. - Cleans House And Can Still Be Purchased At A Discount

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...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details