Big bank profits likely fell in first quarter but investors don't seem worried [Yahoo! Finance]
New York Community Bancorp, Inc. (NYCB)
Last new york community bancorp, inc. earnings: 4/29 07:00 am
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Source: Yahoo! Finance
Investors may not mind, as long as the giant banks can demonstrate how they benefit if interest rates remain higher than expected this year. "At the end of the day, what is the market paying attention to?" said Ken Leon, a large bank analyst for CFRA Research. "It's really looking to what these banks will do for the rest of 2024 and 2025." Analysts expect JPMorgan Chase ( JPM ), Wells Fargo ( WFC ) and Citigroup ( C ) and Bank of America ( BAC ) to report that their first-quarter profits were up from the fourth quarter of 2023 but down when compared to the same year-ago period. That year-over-year drop for all four institutions hasn't happened since the Federal Reserve began raising interest rates in the second quarter of 2022. JPMorgan, Wells and Citigroup release results Friday, and Bank of America on Tuesday. Their numbers will likely demonstrate that even the biggest banks are wrestling with slower loan demand and mounting troubles for some borrowers. Bad debt write off
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News
- New York Community Bancorp: The Preferred Stock Looks Like A Good Bet After Q4 Earnings [Seeking Alpha]Seeking Alpha
- New York Community (NYCB) Reports Loss in Q1, Cuts Dividend [Yahoo! Finance]Yahoo! Finance
- NEW YORK COMMUNITY BANCORP, INC. DECLARES QUARTERLY CASH DIVIDENDS ON ITS COMMON STOCK AND PREFERRED STOCKS [Yahoo! Finance]Yahoo! Finance
- NEW YORK COMMUNITY BANCORP, INC. DECLARES QUARTERLY CASH DIVIDENDS ON ITS COMMON STOCK AND PREFERRED STOCKSPR Newswire
- New York Community Bancorp, Inc. (NYSE: NYCB) was upgraded by analysts at Wedbush from an "underperform" rating to a "neutral" rating. They now have a $3.50 price target on the stock, up previously from $3.00.MarketBeat
NYCB
Earnings
- 5/1/24 - Miss
NYCB
Sec Filings
- 5/1/24 - Form 8-K
- 5/1/24 - Form 144
- 5/1/24 - Form 8-K
- NYCB's page on the SEC website