Beacon Equity issues Technical Trading Overview for Popular Inc.
The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision..
(EMAILWIRE.COM, August 27, 2009 ) DALLAS - BeaconEquity.com announces an investment report featuring BPOP' style=''>financial institution Popular Inc. (Nasdaq: BPOP).
The investment report on Popular Inc. (Nasdaq: BPOP) should be of particular interest to other financial companies: First Bancorp (NYSE: FBP), Santander Bancorp (NYSE: SBP) and W Holding Co. Inc. (NYSE: WHI).
It is available at: http://www.beaconequity.com/i/BPOP
Get our alerts BEFORE the rest of the market. Follow us on Twitter: http://twitter.com/BeaconEquity
Popular Inc. (BPOP) operates more than 175 financial branches in Puerto Rico and eight branches in the U.S. Virgin Islands. The Company holds the largest market share of bank deposits in Puerto Rico, and maintains approximately 600 automated teller machines. Its subsidiary, EVERTEC, processes more than 1 billion transactions in the Caribbean and Latin America.
In the report, the analyst notes:
Bank stocks have rallied strongly following the market lows of March 2009, but still remain at depressed levels as the U.S. economy remains in recession. The Company is afflicted with balance sheet woes similar to the bigger-name money center banks, such as CitiGroup and Bank of America.
In early August, the Company completed a new issuance of common stock in exchange for the total outstanding preferred and trust preferred shares. The new stock issuance expands its common equity base and provides the Company additional time to work off its troubled assets on its balance sheet. The Company's solvency will be determined by the FDIC through recommendations of the U.S. Federal Reserve System and the U.S. Department of Treasury.
To read the entire report visit: http://www.beaconequity.com/i/BPOP
See what investors are saying about these stocks at: http://www.stockhideout.com/
BeaconEquity.com is one of the industry's largest small-cap report and small-cap research providers. Beacon strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on Beacon Research, please visit http://www.BeaconEquity.com
Beacon Equity Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Beaconequity research nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com
The investment report on Popular Inc. (Nasdaq: BPOP) should be of particular interest to other financial companies: First Bancorp (NYSE: FBP), Santander Bancorp (NYSE: SBP) and W Holding Co. Inc. (NYSE: WHI).
It is available at: http://www.beaconequity.com/i/BPOP
Get our alerts BEFORE the rest of the market. Follow us on Twitter: http://twitter.com/BeaconEquity
Popular Inc. (BPOP) operates more than 175 financial branches in Puerto Rico and eight branches in the U.S. Virgin Islands. The Company holds the largest market share of bank deposits in Puerto Rico, and maintains approximately 600 automated teller machines. Its subsidiary, EVERTEC, processes more than 1 billion transactions in the Caribbean and Latin America.
In the report, the analyst notes:
Bank stocks have rallied strongly following the market lows of March 2009, but still remain at depressed levels as the U.S. economy remains in recession. The Company is afflicted with balance sheet woes similar to the bigger-name money center banks, such as CitiGroup and Bank of America.
In early August, the Company completed a new issuance of common stock in exchange for the total outstanding preferred and trust preferred shares. The new stock issuance expands its common equity base and provides the Company additional time to work off its troubled assets on its balance sheet. The Company's solvency will be determined by the FDIC through recommendations of the U.S. Federal Reserve System and the U.S. Department of Treasury.
To read the entire report visit: http://www.beaconequity.com/i/BPOP
See what investors are saying about these stocks at: http://www.stockhideout.com/
BeaconEquity.com is one of the industry's largest small-cap report and small-cap research providers. Beacon strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on Beacon Research, please visit http://www.BeaconEquity.com
Beacon Equity Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Beaconequity research nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com
Contact Information:
Beacon Equity
Jeff Bishop
Tel: (469)-252-3505
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
Beacon Equity
Jeff Bishop
Tel: (469)-252-3505
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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