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 ...

NYSE:FBP - Post by User

First Bancorp New

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Post by david39on Aug 27, 2010 6:33am

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Post# 17388685

FBP

There was better price action in FBP, which is another stock people think has the potential for a bounce play. On Thursday the price closed just below resistance at
.45. A positive open today with strong volume should trigger a buy signal for us.

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