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First Bancorp New FBP

Financial Services Banks - Global
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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  • david39X
Post by david39on Sep 01, 2010 7:57am
220 Views
Post# 17403009

FBP

FBPFBP broke above near-term resistance at
.40 with strong volume but was unable to hold on to that momentum. The stock ended up trading below
.40 and people are recommending investors exit their position. With the economy on shaky ground, most financial sector stocks are going to underperform.
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Dealroom for high-potential pre-IPO opportunities