First BanCorp. (NYSE:FBP)
A financial holding company, which offers a full range of financial products to consumers and commercial customers through various subsidiaries.
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This one is not for faint hearted...
entry at $4.86 long FBP.
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bravobevo
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I'm just crossing my fingers on this one.
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down turn in market could put this bank's profits in jeopardy.
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outperform
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Prior to some shady dealings with W Holdings and Doral, this bank corporation was a $32.00 stock. During the downfall of almost all of the banks, FBP did drop down considerably, partly due to the SEC investigation which followed the violations by the two mortgage companies and partly due to the economy. However, this bank Never skiipped a beat with paying its dividends, nor was it sanctioned by the SEC for any wrongdoing. I think that once BANKS in general start gaining strength, this bank will SHINE. I hold in excess of 24K shares and this is one of the few financial stocks which I have NEVER been behind on since I started purchasing their shares about 19 years ago.
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rally picks
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FBP bought a few banks in virgin Islands and has a strong brnad in PR. Lets see how it performs. FBP got slashed in the past few years due to accounting mess.Now they have cleaned up the shop.
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Currently outperforming by a wide and growing margin.
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Unlike other banking and financials this bank is rather clean, is expanding, and is ripe for a takeover offer. Diversified financial institution...second largest bank in the Caribbean with operations in Florida.
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ride the financals
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Long awaited financial statements expected in Q3, should stabilize afterwards.
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Value stock on a tear. P/E of 4.49 and tearing up.
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Excellent fundamentals with some irregularities that over time should resolve themselves
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