Welcome to our dedicated page for Popular news (Ticker: BPOP), a resource for investors and traders seeking the latest updates and insights on Popular stock.
Popular, Inc. reports developments as a Puerto Rico-based financial holding company whose principal banking subsidiary is Banco Popular de Puerto Rico. The company provides retail, mortgage and commercial banking in Puerto Rico and the U.S. and British Virgin Islands, auto and equipment leasing and financing in Puerto Rico, and broker-dealer and insurance services through specialized subsidiaries.
Recurring BPOP news includes quarterly financial results, loan and credit quality trends, common stock dividends, preferred stock dividends, trust preferred securities distributions, executive leadership changes and investor conference participation. Updates also cover Popular Bank, the company’s New York-chartered mainland U.S. banking subsidiary with branches in New York, New Jersey and Florida.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) for Popular Life Re (PLRe), a life insurance subsidiary of Popular, Inc. (NASDAQ: BPOP). The ratings outlook is stable, reflecting PLRe's very strong balance sheet strength and adequate operating performance. However, the weak credit profile of its parent company negatively impacts PLRe's ratings. Factors supporting PLRe's ratings include a strong Best's Capital Adequacy Ratio and a high-quality investment portfolio, enhancing liquidity. The limited growth in business, attributed to natural disasters and the COVID-19 pandemic, is a significant concern. Improved market conditions following Hurricane Maria may present future growth opportunities for PLRe.