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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

Post by david39on Aug 30, 2010 7:21am
157 Views
Post# 17394886

FBP

FBPFBP caused the price to test support at
.40 on Friday. However as activity picked up, the price managed to bounce off its low and it closed modestly lower. People are expecting to see some more buying at the open and the price to test resistance at
.50.
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