Top 5 Cheap Companies To Buy Right Now

Top 5 Cheap Companies To Buy Right Now: Popular Inc.(BPOP)

Popular, Inc., through its subsidiaries, provides a range of retail and commercial banking products and services primarily to corporate clients, small and middle size businesses, and retail clients in Puerto Rico and Mainland United States. It offers deposit products; commercial, consumer, and mortgage loans, as well as lease finance; and finance and advisory services. The company also offers trust and asset management, brokerage and investment banking, and insurance and reinsurance services. As of December 31, 2010, it owned and occupied approximately 94 branch premises and other facilities in Puerto Rico; and 119 offices, including 20 owned and 99 leased in New York, Illinois, New Jersey, California, Florida, and Texas. Popular, Inc. was founded in 1917 and is headquartered in San Juan, Puerto Rico.

Advisors' Opinion:

• [By John Udovich]

  For investors looking for exposure to the US commonwealth of Puerto Rico, banking stocks Doral Financial Corp (NYSE: DRL), First Bancorp (NYSE: FBP), OFG Bancorp (NYSE: OFG) and Popular Inc (NASDAQ: BPOP) offer the best bet as these Puerto Rico stocks trade on major US exchanges rather than the OTC. However, it should be mentioned that there has been a slowdown in Puerto Rico's economy which has also shrunk in five of the past seven fiscal years. Then last February, Puerto Rico's debt was cut to speculative grade by the three largest credit-rating companies while Governor Alejandro Garcia Padilla has proposed a series of budget cuts to help tackle the island's mounting debt load -including the freezing public workers' salaries and the closing about 100 schools.

• [By Maria Armental var popups = dojo.query(".socialByline .popC"); popups.forEach]

  Popular Inc.(BPOP), Puerto Rico’s largest bank, said Wednesday that regulat! ors approved its plan to repay the $935 million rescue package it received during the financial crisis. Popular was the U.S. government’s largest remaining crisis-era bailout after auto-lender Ally Financial Inc.(ALLY), which has paid back more than the $17.2 billion bailout it received during the financial crisis as a result of going public in April.

source from Top Stocks For 2015:http://www.topstocksblog.com/top-5-cheap-companies-to-buy-right-now-2.html