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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

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  • anderson897X
Post by anderson897on Oct 15, 2010 4:53am
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Post# 17567913

FBP..>>

FBP..>>
People started talking about the FBP after the price broke resistance at
.30. Investors could have picked up shares around
.305 before it really started to take off. During the session, FBP hit a high of
.339 and managed to hold on to some of those gains and closed at
.3209. More than 11 million shares were traded, which was the most activity in this stock since Sept. 30. We should see another push this morning.
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