BUSINESSJul 25 · 08:45 UTCTHE RIO TIMESSofia Gabriela Martinez

Popular Second Quarter Profit Jumps 32%, US$1bn Buyback

Popular Inc, Puerto Rico's largest bank, reported a 32% increase in second-quarter net income and authorized a US$1 billion stock repurchase plan. CEO Javier D. Ferrer will retire, with CFO Jorge J. García set to succeed him in September.

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