Doral Financial Corp.’s stock plunged 19 percent Monday, closing at .57 cents per share. The significant drop comes in the wake of $32.5 million in third-quarter losses and a warning from the New York Stock Exchange of a possible delisting, as its stock has been trading for less than $1 over the past 30 days.
Doral Financial Corporation, parent company of Doral Bank, lost $1.6 million during the second quarter ended June 30, and announced it entered into a Consent Order with the Federal Deposit Insurance Corporation and the Office of the Puerto Rico Commissioner of Financial Institutions Wednesday.
More fires were reported in Puerto Rico last year than in 2010 but they spelled out lower financial losses, according to Puerto Rico Fire Department statistics.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
