Sunday, April 5, 2020

All posts by José L. Carmona

  • Weekly Comment on Puerto Rico Stocks (1/28/2016)

    Buoyed by higher oil prices, Wall Street finished a very volatile week last Friday with a 2% upswing that marked its first positive five-day period of 2016. Investors’ optimism was pumped even higher on news U.S. home...

    • Posted January 29, 2016
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  • Progreso Economico Highlights Tourism Sector Growth

    SAN JUAN – The January issue of Banco Popular’s monthly publication, “Progreso Economico,” identifies the tourism sector as one of the few areas in the local economy that is actually growing through the export of services. According...

    • Posted January 28, 2016
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  • Merion Capital Maintains Neutral Rating on Oriental Despite Prepa RSA Extension

    SAN JUAN – In a company update released Thursday, Merion Capital Group announced it was keeping its Neutral (Hold) rating for OFG Bancorp, the bank holding company of Oriental Bank, despite the Restructuring Support Agreement (RSA), and...

    • Posted January 28, 2016
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  • Cossec Reports Moderate Increase in Credit Unions’ Loans Portfolio

    SAN JUAN – There has been a moderate increase in the loans portfolio of local savings & loans cooperatives, or credit unions, during fiscal year 2016 (ending June 30, 2016), the Puerto Rico Cooperatives Supervision & Insurance...

    • Posted January 27, 2016
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  • Debate to be Held on Puerto Rico’s Need for Political Parties

    SAN JUAN – The Puerto Rico chapter of the Association of Latino Professionals for America (ALPFA) will hold a debate on whether political parties are a must for Puerto Rico’s economic development. The event will take place...

    • Posted January 26, 2016
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  • Popular Posts $137.4M in 4Q Net Income

    SAN JUAN – Popular Inc., the bank holding company of Banco Popular and Banco Popular North America, on Tuesday reported net income of $137.4 million and adjusted net income of $98.3 million for the fourth quarter (4Q)...

    • Posted January 26, 2016
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  • Collapse of Prepa Restructuring Agreement a Negative for Puerto Rico Banks

    KBW: Creditors Could Request a Receiver if Prepa Defaults With the Restructuring Support Agreement (RSA) between the Puerto Rico Electric Power Authority (Prepa) and several groups of creditors (including Puerto Rico banks, the monoline bond insurers and the Ad...

    • Posted January 26, 2016
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  • MassMutual makes Record $1.7B Dividend Payout to Policy Owners

    SAN JUAN – The board of Massachusetts Mutual Life Insurance Co. (MassMutual) on Monday announced it has approved an estimated record dividend payout of $1.7 billion for 2016 to its eligible participating policy owners. “Throughout most of...

    • Posted January 25, 2016
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  • Island’s first Red Lobster to Open in December at Plaza Las Américas

    SAN JUAN – Puerto Rican company Restaurant Operators Inc. (ROI) announced Monday that construction on the first Red Lobster restaurant in Puerto Rico will begin in May this year, an endeavor that represents a $2 million investment...

    • Posted January 25, 2016
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  • Winners of Financial Awareness Video Contest Announced

    SAN JUAN – The Puerto Rico Bankers Association (PRBA) and the Federal Reserve Bank of New York (FRBNY) announced Friday this year’s winners of the the Financial Awareness Video Contest, now in its 7th edition, held at...

    • Posted January 22, 2016
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