DALLAS, July 12, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Popular Inc. (Nasdaq:BPOP). The report includes financial, comparative and investment analyses, and recent company news that you need to know to make an educated investment decision.
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The full report is available at: http://www.microstockprofit.com/lp/BPOP
The MACD for BPOP currently indicates a strong bearish signal for two reasons. First, the MACD is below the signal line, a 9-day moving average. Second, the MACD is below the critical level of zero, which implies that the underlying moving averages are trending lower.
Popular Inc. (BPOP) is a diversified bank holding company operating in three target markets: Puerto Rico, the mainland United States, and processing and other technology services in Puerto Rico, Venezuela, Florida and the Dominican Republic. In Puerto Rico the Company offers an array of retail and commercial banking services, through its principal bank subsidiary, Banco Popular de Puerto Rico (Banco Popular or the Bank). The Bank accounted for 66% of the total consolidated assets of the Company at December 31, 2008. Banco Popular has the retail franchise in Puerto Rico, with 179 branches and more than 600 automated teller machines (ATMs). The Bank also operates seven branches in the United States Virgin Islands, one branch in the British Virgin Islands and one branch in New York. Banco Popular has two subsidiaries: Popular Auto Inc., a vehicle financing, leasing and daily rental company; and Popular Mortgage Inc., a mortgage loan company with 32 offices in Puerto Rico.
Message Board Search for BPOP: http://www.boardcentral.com/boards/BPOP
In the report, the analyst notes:
"BPOP reported a net loss of $85.1 million for the quarter ended March 31, 2010, compared with a net loss of $213.2 million for the quarter ended December 31, 2009, and a net loss of $52.5 million for the quarter ended March 31, 2009.
"BPOP recently announced that it entered into an agreement and a plan of merger that contemplates funds managed by Apollo Management, L.P. acquiring a 51% interest in BPOP's processing subsidiary, EVERTEC, and related processing businesses, through the establishment of a joint venture. The new joint venture is valued at approximately $900 million."
To read the entire report visit: http://www.microstockprofit.com/lp/BPOP
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