economy
February 3, 2026
This little-known banking stock has upside, Bank of America says
Head over to the Caribbean for an unsung bank stock that offers a combination of upside and income.
TL;DR
- Bank of America upgraded Popular Inc. stock to 'buy' from 'hold'.
- Analyst Brandon Berman raised the price target to $156, implying 14% upside.
- Popular Inc. shares have increased 13% year-to-date and over 40% in the past 12 months.
- Credit quality is improving due to economic recovery, leading to expected net charge-off improvements in 2026.
- The bank's 2026 EPS estimate was raised by 3% to $14.53.
- Popular Inc. offers a dividend yield of 2.1%.
- Deposit products include a 12-month CD with a 4% APY and a savings account with a 3.9% APY.
- Eight out of ten Wall Street analysts rate the stock as a buy or strong buy.
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