<< Read Full Article

Analyst Upgrades Popular On Exchange Offer

Stock quotes in this article: BPOP  

NEW YORK (AP) — An analyst upgraded Popular Inc. Wednesday after the Puerto Rican financial services company announced an exchange offer to raise common equity and suspended preferred dividends.

Shares jumped 28 cents, or 11.4 percent, to $2.73 in afternoon trading.

The move earlier this week prompted Moody's Investor Service to downgrade ratings for Popular and the bank it operates, Banco Popular de Puerto Rico, on the expectation of increased credit losses. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,452.00 1,107.93 2,201.05 36.03
Oil *
72.08
DOWN
49.05
DOWN
6.18
DOWN
11.05
UP
0.57
10 Yr
3.60%
SPDR Gold
110.21
-0.47%
-0.55%
-0.50%
+1.61%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services