Dossier
Popular Inc.
Coverage of Popular Inc. in the Nexus archive.
- Popular Second Quarter Profit Jumps 32%, US$1bn Buyback
Popular Inc, Puerto Rico's largest bank, reported a 32% increase in second-quarter net income and authorized a US$1 billion stock repurchase plan. CEO Javier D. Ferrer will retire, with CFO Jorge J. García set to succeed him in September.
- Popular: Q2 Earnings Snapshot
Popular Inc. reported second-quarter profit of $278.2 million with earnings of $4.35 per share, surpassing Street forecasts with revenue net of interest expense at $874 million. The company's stock has risen 39% since the beginning of the year and 51% in the last 12 months.