Doral Financial Corp. (NYSE: DRL) is on The StockGuru Leader Board today. The stock closed up 20.78% on Monday.
Volume was 2,272,788 shares traded.
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About the Company:
Doral Financial Corporation, through its subsidiaries, provides banking, mortgage banking, and insurance services in Puerto Rico, New York, and Florida. Its banking services include accepting deposits from the general public and institutions; obtaining borrowings; originating and investing in loans, primarily residential real estate mortgage loans; and investing in mortgage-backed and other investment securities, as well as traditional banking services. The companys banking services also comprise commercial loans, including lines of credit and term facilities to finance business operations and working capital for specific purposes, such as to finance the purchase of assets, equipment, or inventory; consumer credit, personal secured loans, lease financing receivables, and loans on savings deposits; interim, construction, and bridge loans secured by multifamily apartment buildings and other commercial properties; and gathering deposits through an Internet-based platform. Its mortgage banking services consist of mortgage loan securitization, underwriting, servicing, and related services, as well as mortgage origination services through wholesale correspondent and retail channels. The companys insurance services include property, casualty, life, and title insurance products and services, offered primarily to its mortgage loan customers. It operates 29 branches in Puerto Rico, and 7 branches in New York and Florida. The company was founded in 1972 and is based in San Juan, Puerto Rico.
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