Popular Inc (BPOP) Releases Earnings Results, Beats Expectations By $0.03 EPS

Popular Inc (BPOP) reported quarterly earnings results on Tuesday, Jul-26-2016. The company said it had a profit of $0.85 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.82. Analysts expectations of $489.00 million. During the same quarter in the previous year, the company posted $5.79 EPS.

Many Wall Street Analysts have commented on Popular Inc. Company shares were Reiterated by Compass Point on Apr 28, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $32 .

Popular Inc opened for trading at $31.04 and hit $31.08 on the upside on Wednesday, eventually ending the session at $30.97, with a gain of 0.16% or 0.05 points. The heightened volatility saw the trading volume jump to 2,53,776 shares. Company has a market cap of $3,212 M.

In a different news, on May 25, 2016, Juan Guerrero (Executive Vice President) sold 3,962 shares at $30.92 per share price. According to the SEC, on May 25, 2016, Jorge J. Garcia (Senior VP & Comptroller) sold 3,500 shares at $31.40 per share price. On May 13, 2016, Gilberto Monzon (EXECUTIVE VICE PRESIDENT) sold 4,000 shares at $29.62 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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