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Stock impact report

Zacks Initiates Coverage of Carver Bancorp With Neutral Recommendation [Yahoo! Finance]

Carver Bancorp, Inc. (CARV) 
US:NASDAQ Investor Relations: carverbank.com
Company Research Source: Yahoo! Finance
This assessment comes amid a mixed outlook for the company, which has been making notable strides in the community banking activities space despite industry challenges. Carver Bancorp is the holding company for Carver Federal Savings Bank, a New York, NY-based federally chartered savings bank. CARV operates as a unitary savings and loan holding company, with its principal business consisting of the operation of Carver Federal's community banking activities via seven branches located primarily in low- to moderate-income neighborhoods across Brooklyn, Manhattan and Queens. Carver Bancorp's lending activities encompass commercial and multifamily mortgages, small business loans, and consumer loans. Its earnings stability is supported by higher loan yields, disciplined pricing and effective balance sheet management. Additionally, CARV's proactive approach to interest rate risk and asset-liability positioning has helped maintain net interest margin stability, even as funding costs have Show less Read more
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