HATO REY, Puerto Rico (AP) — HATO REY, Puerto Rico (AP) — Popular Inc. (BPOP) on Wednesday reported second-quarter profit of $177.4 million.
The bank, based in Hato Rey, Puerto Rico, said it had earnings of $2.46 per share.
The company that runs Banco Popular and other banks in Puerto Rico and the U.S. posted revenue of $1.09 billion in the period. Its revenue net of interest expense was $734.6 million, beating Street forecasts.
Popular shares have climbed 25% since the beginning of the year. The stock has increased 50% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BPOP at https://www.zacks.com/ap/BPOP
