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BPOP - Popular -3.4% as BTIG's Palmer sees CECL lowering TBV
Popular Inc.
Popular Inc. (NASDAQ:BPOP) slumps 3.4% after BTIG analyst Mark Palmer says the adoption of Current Expected Credit Loss accounting standard, set to be implemented at the beginning of next year, could reduce Popular's tangible book value per share by ~$3, or 5%.
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