Under the Radar: A BP That Looks Like a Good Buy
There is a lot to like. The bank, which provides retail and commercial banking services in Puerto Rico, the U.S., Costa Rica, the Dominican Republic, El Salvador and Venezuela, has taken steps to improve its balance sheet and get rid of low performing businesses such as its Evertec processing subsidiary. It also has a compelling valuation that makes this bank one of the least expensive out of all the large banks in the country.
With a market cap of $1.8 billion, Popular trades at nearly $3 per share, down about 27% since the beginning of this year. In the short video below, Hilary Kramer explains why she thinks the stock has upside potential.