DALLAS, Jan. 19, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring Popular Incorporated (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: http://www.beaconequity.com/i/BPOP
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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 one billion transactions in the Caribbean, Latin America and South America.
“The Company's free cash flow and profitability remains questionable due to further increases in expected defaults from increases in unemployment, deteriorating real estate values, and higher deposit insurance premiums expected to be levied from the Federal Deposit Insurance Corporation (FDIC). Most private economists project unemployment as measured by the U.S. Department of Labor to surpass 10% in 2010, pushing down real estate values further as more defaults and housing inventories approach an unprecedented two million homes.”
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 America.”
To read the entire report visit: http://www.beaconequity.com/i/BPOP
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