Consumer Direct
Latest Posts
Popular’s Quarterly Income Drops 54 Percent
Jan 17, 2007Popular, Inc. reported today that the company’s annual net income dropped 34 percent in 2006 to $357.7 million, compared with $540.7 million in 2005. Net income during the fourth quarter took a sharper tumble, falling to $59.6 million from $130.2 million one year ago, a drop of 54 percent. The company’s mortgage loan portfolio shrunk during 2006 as well, falling 1.2 billion from 2005’s portfolio holdings to $11.7 billion at the end of the year.
