DALLAS, Jan. 26, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Popular Inc. (Nasdaq:BPOP). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at:
Popular Inc. (BPOP) is a diversified, publicly owned bank holding company. The Company operates in three markets: Puerto Rico; the United States mainland; and providing processing and other technology services in Puerto Rico, Florida, Venezuela, the Dominican Republic, El Salvador and Costa Rica. In Puerto Rico the Company offers a range of retail and commercial banking services through its principal bank subsidiary, Banco Popular de Puerto Rico. The Bank accounted for 67% of total consolidated assets of the Company at December 31, 2009. Banco Popular has retail franchise in Puerto Rico, with 173 branches and more than 580 automated teller machines (ATM's). The Bank also operates seven branches in the U.S. Virgin Islands, one branch in the British Virgin Islands and one branch in New York. BPOP's deposits are insured under the Deposit Insurance Fund (DIF) of the Federal Deposit Insurance Corporation (the FDIC).
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In the report, the analyst notes:
"The Company last week declared monthly cash dividends on its outstanding shares of non-cumulative monthly income preferred stock including a monthly cash dividend of $0.1328125 per share of 6.375% non-cumulative monthly income preferred stock, 2003 Series A and a monthly cash dividend of $0.171875 per share of 8.25% non-cumulative monthly income preferred stock, Series B.
"BPOP is trading above its 20-day moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock."
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