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S&P500
2361.13
+2.56
+0.11%
NASDAQ
5897.55
+22.41
+0.38%
NYSE
11496.665
+2.829
+0.0246%
GOOG
831.41
+10.49
+1.28%
YHOO
46.78
+0.21
+0.45%
AAPL
144.12
+0.32
+0.22%
AMZN
874.32
+18.32
+2.14%
FB
142.65
+0.89
+0.63%
BPOP
39.66
+0.19
+0.48%
EVTC
15.75
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OFG
11.25
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+1.90%
FBP
5.49
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+0.18%
GTS
17.24
+0.13
+0.76%

Popular reports 4Q loss

By on January 24, 2017

banco-popular-nightHATO REY, Puerto Rico – Popular Inc. (BPOP) on Tuesday reported a fourth-quarter loss of $5 million, after reporting a profit in the same period a year earlier.

The bank, based in Hato Rey, Puerto Rico, said it had a loss of 5 cents per share. Earnings, adjusted for one-time gains and costs, were 86 cents per share.

The a company that runs Banco Popular and other banks in Puerto Rico and the U.S. posted revenue of $410.9 million in the period. Its adjusted revenue was $355.2 million.

For the year, the company reported profit of $213 million, or $2.06 per share. Revenue was reported as $1.72 billion.

Popular shares have increased almost 1 percent since the beginning of the year. The stock has risen 93 percent in the last 12 months.

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