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 jhonson890on Oct 18, 2010 6:11am

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Post# 17575620

FBP..//

On Friday, the FBP price rallied to a high of
.3699 so there was no reason why investors should not have take profits at this point. Selling pressure pushed the price down to close at
.321 and people are expecting to see more selling pressure today.

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