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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Popular Inc    BPOP   PR7331747001

POPULAR INC (BPOP)
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Popular : CORRECTING and REPLACING Popular Launches “Embracing Puerto Rico” and Donates $1M for New Fundraising Account to Help Victims of Hurricane Maria

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09/25/2017 | 11:15pm CEST

Correcting information in release dated Sept. 25, 2017.

Adding routing number to second paragraph.

Fourth and fifth paragraphs should read:

Fundación Banco Popular is handling the Embracing Puerto Rico account and will direct resources as needed to immediate and long-term causes.

For more information on the relief effort, visit www.embracingpuertorico.com or visit https://www.fundacionbancopopular.org/en/.

The corrected release reads:

POPULAR LAUNCHES “EMBRACING PUERTO RICO” AND DONATES $1M FOR NEW FUNDRAISING ACCOUNT TO HELP VICTIMS OF HURRICANE MARIA

Popular announced today the launch of “Embracing Puerto Rico,” a relief effort for the victims of Hurricane Maria and the opening of a new bank account to help those impacted by Hurricane Maria. Popular, Inc. is donating $1M to the account.

Donations can be made using account number 6810964434 and ABA/Routing number 026008811.

"Puerto Rico was severely hit by Hurricane Maria, and Popular is fully committed to being a part of its reconstruction. The coming, days, weeks and months will be challenging; we encourage everyone outside the Island to donate and help," said Ignacio Alvarez, president and CEO of Popular, Inc. "Every bit of assistance will move us forward. We believe in the strength of our communities and we stand together with them. The mission of Embracing Puerto Rico is to unite and rebuild."

Fundación Banco Popular is handling the Embracing Puerto Rico account and will direct resources as needed to immediate and long-term causes.

For more information on the relief effort, visit https://www.embracingpuertorico.com,

https://www.facebook.com/EmbracingPuertoRico/ or visit https://www.fundacionbancopopular.org/en/.

About Popular, Inc.

Founded in 1893, Popular, Inc. is the leading banking institution by both assets and deposits in Puerto Rico and ranks among the top 50 U.S. banks by assets. Popular provides retail, mortgage and commercial banking services through its principal 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. In the United States, Popular has established a community-banking franchise providing a broad range of financial services and products with branches in New York, New Jersey and Florida under the name of Popular Community Bank.


© Business Wire 2017
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Financials ($)
Sales 2018 1 682 M
EBIT 2018 801 M
Net income 2018 600 M
Debt 2018 -
Yield 2018 2,08%
P/E ratio 2018 8,41
P/E ratio 2019 9,04
Capi. / Sales 2018 2,98x
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Capitalization 5 011 M
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Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 57,8 $
Spread / Average Target 17%
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Managers
NameTitle
Ignacio Alvarez President, Chief Executive Officer & Director
Richard L. Carrión Executive Chairman
Manuel Chinea Chief Operating Officer & EVP
Carlos J. Vázquez Chief Financial Officer & Executive Vice President
Camille Burckhart Chief Information & Digital Officer
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