Popular Inc
NASDAQ:BPOP
BPOP's latest stock split occurred on May 30, 2012
The company executed a 1-for-10 stock split, meaning that for every 10 shares held, investors received 1 new share.
Before the split, BPOP traded at 1.62 per share. Afterward, the share price was about 12.1318.
The adjusted shares began trading on May 30, 2012. This was BPOP's 6th stock split, following the previous one in Jul 9, 2004.
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Popular Inc
Glance View
In the vibrant tapestry of Puerto Rico's economy, Popular Inc. stands out as a pivotal thread, intricately woven into the island's financial fabric. Founded in 1893, this venerable institution, better known through its subsidiaries such as Banco Popular de Puerto Rico, has long been a cornerstone of Caribbean banking. Emerging from its humble beginnings, the bank has deftly navigated economic and political changes over more than a century, carving out its niche by addressing the unique financial needs of Puerto Rico's populace. Popular Inc.’s ability to adapt is reflected in its comprehensive suite of products and services, ranging from traditional offerings like savings and checking accounts to complex financial instruments and advisory services tailored for individuals and businesses alike. At the heart of Popular Inc.'s revenue generation is its robust commercial banking division, which encompasses a wide array of lending activities. The bank's income stream is buoyed by the interest accrued from loans extended to households and businesses, a testament to its integral role in supporting the local economy’s growth and infrastructural development. Beyond loans, Popular Inc. garners substantial revenue from service charges on deposit accounts, credit and debit card fees, and wealth management services. Furthermore, its strategic diversification into insurance services, through Popular Insurance, and investment products, highlights its proactive stance in capturing varied market opportunities. This multifaceted business model not only reinforces its position as a financial powerhouse in Puerto Rico and the U.S. mainland but also demonstrates its dexterity in creating a sustainable revenue matrix while adopting cutting-edge digital banking solutions to serve its clientele better.
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