The Weekly Journal - October 9, 2019

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Wednesday, October 9-15, 2019 - // no. 024

LEARN ABOUT THE FLOURISHING SANTURCE START-UP ECOSYSTEM P14 DEBATE CONTINUES OVER RAISING MINIMUM WAGE P12 A LOOK AT THE ABANDONED PROPERTY CRISIS P18

Puerto Rico and the Caribbean

www.theweeklyjournal.com

PUERTO RICO STOCK INDEX HAS OUTPERFORMED DOW JONES SINCE HURRICANE MARIA

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Four out of the five publicly traded companies have exceeded expectations since the hurricane devastated the island more than two years ago

A Rosario Fajardo

CONTEMPORARY ART MUSEUM SEEKS TO TRANSFORM DISTRESSED COMMUNITIES P20

rfajardo@wjournalpr.com

@RosarioWJournal

newly released report by Birling Capital Advisors shows that four out of the five publicly traded companies in the Puerto Rico Stock Index (PRSI) have performed remarkably well since Hurricane Maria devastated the island more than two years ago, with these four companies easily outperforming the Dow Jones Industrial Average. According to the report, the Dow Jones average for the

period Sept. 20, 2017 to Sept. 26, 2019 was 19.98 percent. By contrast, OFG Bancorp (OFG), operating locally as Oriental Bank, achieved a total return of 132.10 percent during this same time period. OFG came in first of the five companies on the so-called PRSI. Coming in second was Evertec Inc. (EVTC), operating locally as Evertec Inc., with a total return of 82.59 percent. First Bancorp. (FBP), operating locally as FirstBank, was ranked third, achieved a total GO TO PAGE 4


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