doral financial corp. Resources on BNET
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BNET Industries

Doral Financial Corp. (DRL) is in the Financial Services Industry

Revenue
Dec 31 2007
$503.5M
Profit
Dec 31 2007
($170.9M)
Market Cap
May 14 2008
$1.1B

Latest News and Analysis

Additional Resources

  • Doral Financial Announces That the FDIC Lifted the Cease and Desist Order with Doral Bank Puerto Rico

    SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE: DRL), a diversified financial services company, today announced that the Federal Deposit Insurance Corporation FDIC terminated the Order to Cease and Desist with its principal banking subsidiary, Doral Bank Puerto Rico. The order, dated March 16, 2006, related to financial safety...

    Articles 2008-01-17

  • MOODY'S UPGRADES DORAL

    Moody's Investors Service upgraded thesenior debt rating of DoralFinancial Corporation Doral to B1 from B2.Following the upgrade,the rating outlook is stable. The rating action reflects Moody'sview that Doral's substantial capitalbase and ample liquidity allowsthe company to begin executing itscommunity bank business strategyon Puerto Rico. Doral's board andmanagerial ranks continue to...

    Articles 2007-12-18

  • Doral Financial Corporation Reports Results for 2007 Third Quarter

    Net Loss of $70.5 Million and a Pre-Tax Net Loss of $148.4 Million, Reflects, Among Other Things, a $126.2 Million Charge Due to Doral's Successful Balance Sheet Restructuring Company Views Itself as Well Capitalized and Achieving Substantial Progress on Its Transformation Following the July 19, 2007 Recapitalization ...

    Articles 2007-11-12

  • Doral Financial Corporation Declares Cash Dividend on Three Series of Preferred Stock

    SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE: DRL), a diversified financial services company, announced that, today, October 1, 2007, it paid the regular monthly cash dividend on the Company's 7% Noncumulative Monthly Income Preferred Stock, Series A (the "Series A Preferred Stock"), 8.35% Noncumulative Monthly Income Preferred Stock,...

    Articles 2007-10-01

  • Doral Financial Announces Effectiveness of 1-for-20 Reverse Stock Split

    SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE:DRL) ("Doral") announced today that the previously announced 1-for-20 reverse split of its common stock became effective as of 5:00 p.m. Eastern Time on Friday, August 17, 2007. Doral's common stock will begin trading on a split-adjusted basis when the...

    Articles 2007-08-20

  • Correction: Fitch Affirms & Removes Doral Financial From Rating Watch Negative

    CHICAGO -- (This is a correction for a press release originally issued on July 20, amending the rating language in the headline and first paragraph to reflect both an affirmation and Rating Watch removal of Doral's ratings, along with the last paragraph, which incorrectly states that Doral is on Rating...

    Articles 2007-07-30

  • Fitch Removes Doral Financial Corp Rtgs from Rating Watch Negative; Rating Outlook Positive

    CHICAGO -- Fitch Ratings has removed all of Doral Financial Corporation's DRL ratings from Rating Watch Negative and DRL's Rating Outlook is Positive. Fitch currently rates DRL's long-term Issuer Default Rating IDR 'CCC'. The Support Rating Floor for DRL and its principal subsidiary remains unchanged at No Floor NF. Please...

    Articles 2007-07-20

  • Doral Financial Receives Governmental Approvals Related to Holdings Transaction

    Shareholder Vote on Holdings Transaction to Take Place on July 17, 2007 SAN JUAN, Puerto Rico -- Doral Financial Corporation DRL ("Doral" or the "Company") announced today that the following regulatory approvals necessary to complete its proposed $610 million recapitalization transaction with Doral Holdings Delaware, LLC ("Holdings") have...

    Articles 2007-07-16

  • Institutional Shareholder Services Recommends a Vote "For" the Proposed Investment in Doral Financial by Doral Holdings, LLC

    SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE:DRL) today reported that Institutional Shareholder Services ISS, the world's leading independent proxy advisory service, has recommended a vote "FOR" the proposed $610 million investment in Doral Financial by Doral Holdings, LLC. ("Holdings"), a newly formed entity in which Bear Stearns Merchant...

    Articles 2007-07-06

  • FBOP Decides Not to Proceed with Investment Proposal in Doral Financial; Currently Plans to Vote for Proposed Investment Transaction between Doral Financial and Doral Holdings

    Doral Financial Shareholders Meeting to Approve Doral Holdings Transaction Scheduled for July 17, 2007 Doral Holdings Transaction Would Successfully Recapitalize Doral Financial SAN JUAN, Puerto Rico -- Doral Financial Corporation DRL ("Doral" or the "Company") announced today that it has been notified by FBOP Corporation ("FBOP")...

    Articles 2007-06-25

  • doral financial corp. Reports Quarterly Loss.

    M2 PRESSWIRE-18 June 2007-MarketMinute: Doral Financial Corp. Reports Quarterly LossC1994-2007 M2 COMMUNICATIONS LTD RDATE:18062007 InvestorIM has been created as a tool for the average investor. The idea is simple, a website where the world can communicate. Do you have a stock...

    Articles 2007-06-18

  • In-Depth Research on doral financial corp.

    M2 PRESSWIRE-15 June 2007-Growth Stock News: In-Depth Research on Doral Financial Corp.C1994-2007 M2 COMMUNICATIONS LTD RDATE:15062007 The Caribbean is home to more than just sun and fun. Doral Financial offers mortgage, retail, and business banking in Puerto Rico. Traditionally known primarily...

    Articles 2007-06-15

  • Suburban-based bank eyes Puerto Rican branch.(Business)

    Byline: Michael Sean Comerford mcomerford@@dailyherald.com Billionaire Michael Kelly's bank, FBOP Corp., submitted a rival bid valued at $610 million to buy floundering Puerto Rico-based Doral Financial Corp. Doral agreed last month to a buyout led by Bear Stearns Cos.'...

    Articles 2007-06-05

  • TheSUBWAY.coms Early Stock Market Alerts for Tuesday, June 5, 2007:.

    M2 PRESSWIRE-5 June 2007-TheSUBWAY.com Inc.: TheSUBWAY.coms Early Stock Market Alerts for Tuesday, June 5, 2007:C1994-2007 M2 COMMUNICATIONS LTD RDATE:05062007 M2 PRESSWIRE - TheSUBWAY.com: Names the following stocks to its Stock Alerts List: SIVOO Holdings, Inc. (OTC: SIVO), Novell, Inc (Nasdaq:...

    Articles 2007-06-05

  • Emerging Markets Consulting, LLC. : Emerging Equity Alerts.

    M2 PRESSWIRE-5 June 2007-Emerging Markets Consulting, LLC.: Emerging Markets Consulting, LLC. : Emerging Equity AlertsC1994-2007 M2 COMMUNICATIONS LTD RDATE:05052007 Orlando, FL - Stocks gaining traction in yesterday's trading were Doral Financial Corporation, (NYSE: DRL), Hyperdynamics Corporation, (AMEX: HDY), Solectron Corporation,...

    Articles 2007-06-05

  • Incorporated: 1972
  • CEO: Mr. Glen R. Wakeman

Doral Financial is a financial holding company. Through its subsidiaries, Co. is engaged in mortgage banking, banking (including thrift operations), institutional securities operations and insurance agency activities. As of Dec 31 2006, Co. had total assets of $11,856.4 million and total deposits of $4,250.8 million.

Co. is engaged in the origination, purchase, securitization and sale of FHA, VA, conventional conforming and non-conforming first and second mortgage loans, and in providing and/or arranging for interim financing for the construction of residential and other types of real estate development and permanent financing on multifamily and commercial real estate.

Key Competitors

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Doral Financial Corp. Company Info

Board of Directors

Mr. Dennis G. Buchert

Non-Executive Chairman

Mr. Michael J. O'Hanlon

Mr. Raymond J. Quinlan

Mr. Kevin M. Twomey

Mr. James E. Gilleran

Mr. Ramesh N. Shah

Mr. Glen R. Wakeman

Mr. Frank W. Baier

Mr. David E. King

Mr. Howard M. Levkowitz

Contact Information

1451 Franklin D. Roosevelt Avenue

San Juan, PR

http://www.doralfinancial.com

787 474-6700

NAICS Code

Real Estate Credit: 522292
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