Popular Inc (BPOP) Releases Earnings Results, Reports EPS of $0.81 EPS

Popular Inc (BPOP) reported quarterly earnings results on Monday, Apr-25-2016. The company reported $0.81 EPS for the quarter. Analysts had a consensus estimate of $0.81. Analysts expectations of $489.80 million. During the same quarter in the previous year, the company posted $0.71 EPS.

Many Wall Street Analysts have commented on Popular Inc. Piper Jaffray Initiated Popular Inc on Apr 8, 2016 to “Overweight”, Price Target of the shares are set at $35.Popular Inc was Downgraded by Societe Generale to ” Hold” on Mar 3, 2016. Compass Point Initiated Popular Inc on Feb 25, 2016 to “Buy”, Price Target of the shares are set at $32.

Popular Inc opened for trading at $29.78 and hit $30.36 on the upside on Friday, eventually ending the session at $30.03, with a gain of 1.21% or 0.36 points. The heightened volatility saw the trading volume jump to 5,70,612 shares. Company has a market cap of $3,113 M.

In a different news, on Nov 6, 2015, Maria Luisa Ferre (director) sold 296,164 shares at $29.39 per share price. According to the SEC, on May 29, 2015, Eli Sepulveda (EVP) sold 6,100 shares at $32.49 per share price. On May 26, 2015, Alejandro M Ballester (director) sold 863 shares at $33.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Popular Inc. (Popular) is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR) and Banco Popular North America (BPNA). The Company’s BPPR segment provides retail including residential mortgage loans originations and commercial banking services through its banking subsidiary Banco Popular de Puerto Rico as well as auto and equipment leasing and financing investment banking broker-dealer and insurance services through specialized subsidiaries. The Company’s BPNA segment consists of Popular North America Inc. (PNA) functioning as the holding company for the Company’s operations in the United States. The banking operations of BPNA in the United States mainland are based in New York Florida and New Jersey conducted under the name of Popular Community Bank.

Popular Inc

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