Popular, Inc. - Common Stock (BPOP)

Competitors to Popular, Inc. - Common Stock (BPOP)

Banco Popular de Puerto Rico

Banco Popular de Puerto Rico operates within the same geographical region and targets a similar customer base, focusing heavily on retail banking services such as personal loans, mortgages, and checking accounts. Their strong local presence and community engagement give them an edge in customer loyalty. Both banks offer competitive rates on various financial products, but Banco Popular may have the advantage in familiarity and trust among local consumers, which can lead to stronger retention rates.

Citigroup Inc. 

Citigroup is a multinational financial services corporation that competes with Popular, Inc. on the basis of product breadth and global reach. With extensive resources and a wide range of banking services from retail to investment banking, Citigroup offers sophisticated financial solutions that attract larger businesses and affluent customers. However, their extensive size may limit their ability to provide personalized services compared to Popular, Inc., which focuses on community relationships. Thus, Citigroup's advantage lies in its scale and depth of products while Popular benefits from localized service.

First Bank of Puerto Rico

First Bank of Puerto Rico competes directly with Popular, Inc. by offering similar banking services such as mortgages, auto loans, and commercial banking solutions. The bank prides itself on its commitment to community service, and places an emphasis on personalized customer support. This local focus can provide an advantage in terms of customer satisfaction and retention when compared to larger banks like Popular, Inc., which may not be able to match the personalized touch of a smaller, community-oriented institution.

Santander Holdings USA, Inc. 

Santander Holdings USA, as a branch of the larger Santander Group, offers a broader range of financial services that include personal banking, commercial lending, and wealth management. The company competes with Popular, Inc. primarily through its extensive resources and strong international presence. This allows Santander to offer more diverse products and global services, but Popular may still hold a competitive edge in regional understanding and tailored services within Puerto Rico and other markets they operate in.