Trending Stocks: How to Spot, Trade, and Profit Safely Popular (NASDAQ:BPOP) reported a stronger second quarter, with management citing higher net interest income, solid fee generation, balance sheet growth and stable underlying credit trends, while also announcing a leadership…
ansition and expanded capital returns. President and CEO Javier Ferrer said the company earned net income of $278 million, or $4.35 per share, up $0.57 per share, or 15%, from the first quarter
Compared with the second quarter of last year, earnings per share rose 41%. Return on tangible common equity improved to 17% during the quarter. – Growth vs. Value Investing: What Are the Differences?
Ferrer also announced that he will retire at the end of August, saying he plans to focus on his health and spend time with family and friends. CFO Jorge García will succeed him as CEO, while Chief Risk Officer Lidio Soriano will become CFO. Luis Sousa will succeed Soriano as chief risk officer.