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Popular Qtrly Earnings Per Share $1.77
Popular Inc Announces First Quarter Net Income Per Share Of $1.69
Popular Inc announces fourth quarter results
Popular, Inc. (Popular) is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR), which includes its Puerto Rico business, and Banco Popular North America (BPNA), which includes its the United States mainland business. The Company has operations in Puerto Rico, the United States and the Caribbean. The Company's BPPR segment provides retail, mortgage 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 its operations in the United States. It also operates PNA's subsidiary, E-LOAN, Inc. 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.
209 Munoz Rivera Avenue, Hato Rey
Richard L. Carrion
Non-Executive Chairman of the Board
President, Chief Executive Officer
Carlos J. Vazquez
Chief Financial Officer, Executive Vice President
Executive Vice President, Chief Information Officer, Digital Strategy Officer.
Lidio V. Soriano
Executive Vice President, Chief Risk Officer
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* POPULAR ANNOUNCES EARLY TERMINATION OF FDIC SHARED-LOSS AGREEMENTS
* POPULAR, INC. ANNOUNCES FIRST QUARTER 2018 FINANCIAL RESULTS
Spain's Banco Santander <SAN.MC> told shareholders on Friday they would receive increased dividends this year, but executives at the annual general meeting were heckled by former investors in a lender it took over last year.
Failed Spanish lender Banco Popular had losses of 13.6 billion euros ($16.9 billion) last year when it was rescued by European authorities and taken over by bigger rival Banco Santander, it said in a regulatory notice late on Friday.
Popular Inc <BPOP.O> said its banking unit, Banco Popular de Puerto Rico, would buy certain assets and debt related to Wells Fargo & Co's <WFC.N> auto finance business in Puerto Rico for about $1.7 billion.
* POPULAR HAS AGREED TO ACQUIRE WELLS FARGO’S AUTO FINANCE BUSINESS IN PUERTO RICO
* POPULAR INC QTRLY NET INTEREST INCOME $387.2 MILLION VERSUS $355.4 MILLION
(The following statement was released by the rating agency) NEW YORK, November 21 (Fitch) Fitch Ratings has maintained Popular Inc.'s (BPOP) 'BB-' Long-Term Issuer Default Rating (IDR), 'B' Short-Term IDR, and 'bb-' Viability Rating (VR) on Rating Watch Negative due to the...
* Popular Inc - net income of $20.7 million for q3 of 2017, reflecting $79.4 million in hurricane-associated expenses and an income tax benefit of $20.0 million
Banco Santander's <SAN.MC> net profit was hit by one-off restructuring costs from its acquisition of troubled Banco Popular, which offset otherwise solid underlying third quarter results from Spain's biggest lender.
The European Central Bank is facing two lawsuits over its handling of the failure of Spanish lender Banco Popular, which saw investors lose billions of euros while taxpayers and depositors were protected.
(The following statement was released by the rating agency) NEW YORK, October 05 (Fitch) Fitch Ratings has placed Popular Inc.'s (BPOP) 'BB-' Long-Term Issuer Default Rating (IDR), 'B' Short-Term IDR, and 'bb-' Viability Rating (VR) on Rating Watch Negative due to the uncertainty...
* Expects to sell 51 pct stake in Popular property assets (Includes details on losses for Popular from news conference)
* Says has recovered some 3 billion euros ($3.51 billion) in tax credits from Banco Popular acquisition Source text for Eikon: Further company coverage: ($1 = 0.8543 euros) (Reporting by Madrid Newsroom)
* Popular Inc - net interest income for quarter ended June 30, 2017 was $374.5 million, compared to $362.1 million for previous quarter Source text for Eikon: Further company coverage:
Spain's Banco Santander <SAN.MC> said on Thursday it would offer perpetual bonds as part of a commercial offer to compensate some retail clients who acquired shares and subordinated debt of Banco Popular and were wiped out when the bank was wound down.
Spain's Banco Santander <SAN.MC> on Monday launched a 7.1 billion euros ($8.07 billion) rights issue at a price of 4.85 euros per share, a move it had flagged last month when it took over rescued peer Banco Popular for a nominal euro.
Spain's Banco Popular will start looking for partners to buy some 30 billion euros ($34.29 billion) in repossessed assets and non-performing real estate loans as it strives to bolster its books following last month's takeover by Santander <SAN.MC>, it said late on Friday.
The outflow of deposits from troubled Spanish bank Popular was in the region of 18 billion euros ($20 billion) over the past few weeks, two sources familiar with the matter said on Wednesday.
The EU's Single Resolution Board (SRB) switched tactics for the wind-down of Spain's Banco Popular, preferring its sale to Banco Santander as Popular's liquidity situation worsened sharply, a senior SRB official said.
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