Flagstar set to expand its investment team in recovery push from CRE exposure [Yahoo! Finance Canada]
Flagstar Bank, N.A. (FLG)
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Source: Yahoo! Finance Canada
"I'm looking to hire a couple of people this year. And then next year, I'm going to follow that on with double or triple that amount," said Brett Mitstifer, chief investment officer of private banking and wealth management, in an interview. The lender will soon begin distributing market views internally, with external client communications to follow, said Mitstifer, an HSBC veteran who took up the new role in September. Flagstar is a unit of Flagstar Financial, which was known as New York Community Bancorp until it was rebranded last year. The bank had last year come under pressure when elevated interest rates and weak demand for office-space strained CRE borrowers, prompting a $1 billion capital infusion and a leadership shake-up, including the appointment of a new CEO. Mitstifer said the bank's clients are now confident in the safety of their funds at Flagstar. "People understand what happened. And they get comfortable very quickly when they meet the management team," he sa
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News
- Flagstar Bank, National Association (NYSE:FLG) had its "buy" rating reaffirmed by analysts at DA Davidson. They now have a $14.50 price target on the stock.MarketBeat
- 3 Reasons FLG is Risky and 1 Stock to Buy Instead [Yahoo! Finance]Yahoo! Finance
- Flagstar Bank, National Association (NYSE:FLG) had its price target lowered by analysts at UBS Group AG from $13.00 to $11.50. They now have a "neutral" rating on the stock.MarketBeat
- FLAGSTAR BANK, N.A. DECLARES QUARTERLY CASH DIVIDENDS ON ITS COMMON STOCK AND PREFERRED STOCKSPR Newswire
- Flagstar Financial (NYSE:FLG) had its "buy" rating reaffirmed by analysts at DA Davidson. They now have a $14.50 price target on the stock.MarketBeat