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. (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 (OFG), Doral Financial Corp (DRL) and First Bancorp (FBP). As indicated above, Popular Inc. is...
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