First Bancorp New FBP

First BanCorp. operates as the bank holding company for FirstBank Puerto Rico that provides financial products and services to consumers and commercial customers. It operates through six segments: Mortgage Banking; Consumer (Retail) Banking; Commercial and Corporate Banking; Treasury and Investments; United States Operations; and Virgin Islands Operations. The Mortgage Banking segment engages in the origination, sale, and servicing of various residential mortgage loans; hedging activities; purchase of mortgage loans from branch and mortgage bankers; and origination of residential real estate loans. The Consumer (Retail) Banking segment is involved in consumer lending, commercial lending to small businesses, commercial transaction banking, and deposit-taking activities. The Commercial and Corporate Banking segment offers lending and other services, including commercial lending and commercial deposit-taking activities. The Treasury and Investments segment manages funding; and obtains ...

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First Bancorp New

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Post by david39on Aug 26, 2010 6:49am

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Post# 17384893

FBP

FBP is another financial stock that is starting to attract bargain hunters. There was some modest capitulation earlier in the week, which caused the price to drop below support at
.40. However after hitting a low of
.34 on Wednesday, the price managed to recover but was unable to close above
.40. A positive open with strong volume could trigger a buy signal today.

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