Trading Outlook for Popular Inc. Issued by StockPreacher.com

StockPreacher.com announces an investment report featuring regional bank Popular Inc. (Nasdaq:BPOP). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.

The investment report on Popular Inc. (Nasdaq:BPOP) should be of particular interest to comparable financial companies: Citigroup Inc. (NYSE:C), UBS AG (NYSE:UBS), Bank of America Corp. (NYSE:BAC) and Deutsche Bank AG (NYSE:DB).

The full report is available at: http://www.stockpreacher.com/n/BPOP

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Popular Inc. (BPOP) is a diversified bank holding company. The Company operates in three target markets: Puerto Rico, the mainland United States, and processing and other technology services in Puerto Rico, Venezuela, Florida and the Dominican Republic. In Puerto Rico, the Company offers an array of retail and commercial banking services, through its principal bank subsidiary, Banco Popular de Puerto Rico (Banco Popular or the Bank).

Message Board Search for BPOP: http://www.boardcentral.com/boards/BPOP

In the report, the analyst notes:

"BPOP, the leading financial institution in Puerto Rico, earlier this year said it reached an agreement to sell six branches in New Jersey and approximately $250 million in deposits to Investors Bancorp. The transaction is structured as an asset purchase for cash at a premium over the deposits and subject to regulatory approval and other customary closing conditions. Closing of the transaction is expected to occur within the third quarter of 2009. In addition to the sale, BPOP also plans to close its in-store branch network in California, which represents 22 of its 46 branches in the state.

"BPOP reported a net loss of $183.2 million for the quarter ended June 30, 2009, compared with net income of $24.3 million in the same quarter of 2008. For the six months ended June 30, 2009, the Company's net loss totaled $235.7 million, compared to net income of $127.5 million for the same period in 2008. The Company discontinued the operations of its U.S. mainland-based subsidiary Popular Financial Holdings ("PFH"), and thus, the results of PFH are presented as part of 'Loss from discontinued operations, net of income tax.'"

To read the entire report visit: http://www.stockpreacher.com/n/BPOP

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SOURCE: StockPreacher

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Jeff Bishop
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