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0 0.000700770847932711 0 -0.00210231254379826 0 -0.00770847932726007 0.00210231254379813 0.0119131044148563
Stock impact report

Here's Why You Should Hold on to New York Community (NYCB) Now [Yahoo! Finance]

New York Community Bancorp, Inc. (NYCB) 
Last new york community bancorp, inc. earnings: 4/29 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.mynycb.com
Company Research Source: Yahoo! Finance
Yet, commercial real estate (CRE) loan exposure is concerning, and unexpected losses on its New York office and multi-family property could create headwinds. The bank has a strong balance sheet. Deposits saw a four-year (2019-2023) compound annual growth rate (CAGR) of 26%, while net loans witnessed a CAGR of 18.2% during the same period. Both metrics declined in first-quarter 2024. Nonetheless, the company's deposits have been resilient post its capital raise in March. The bank's strategic target is to reduce its commercial real estate portfolio from $47 billion to $30 billion, while building a robust middle-market relationship banking franchise. Efforts to improve funding by growing core deposits will improve the deposit mix in the upcoming period. Although NII at New York Community declined in 2020, the metric increased, seeing a CAGR of 33.9% over the last four years (ended 2023), with the increasing trend continuing in first-quarter 2024. Notably, the addition of low-cost d Show less Read more
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