NEW YORK (
) is trading at unusually high volume Friday with 35.2 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down 9 cents (-3%) at $2.94 as of 3:56 p.m. ET.
Popular has a market cap of $3.1 billion and is part of the
industry. Shares are down 3.5% year to date as of the close of trading on Thursday.
Popular, Inc., through its subsidiaries, provides a range of retail and commercial banking products and services in Puerto Rico, the United States, Venezuela, the Dominican Republic, El Salvador, and Costa Rica. The company has a P/E ratio of 37.6, above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Popular as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full
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