New York Community Bancorp: I've Been Buying The Discounted Preferreds [Seeking Alpha]
New York Community Bancorp, Inc. (NYCB)
Last new york community bancorp, inc. earnings: 4/29 07:00 am
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US:NYSE Investor Relations:
ir.mynycb.com
Company Research
Source: Seeking Alpha
NYCB.PR.U is currently undervalued with a high 8.7% yield on cost and trading far below their $50 per share liquidation value. The bank's new management team has a profitability plan focused on growing its deposit base and reducing the commercial real estate portfolio. New York Community Bancorp's ( NYSE: NYCB ) 2024 started off being defined by intense disruption with the regional bank at one point described by its bears as being on the precipice of FDIC receivership. The bank's fiscal 2024 first-quarter earnings were published in the shadow of the receivership of Philadelphia-based Republic First OTC:FRBK ) and as consumer inflation has persisted above the Fed's 2% target. This has discombobulated previous investor dovishness for the pathway of interest rate cuts, with the CME FedWatch Tool placing two rate cuts for a Fed funds rate of 4.75% to 5.00% as the most likely outcome to exit 2024. Fixed-income securities like preferreds have positive duration risk. Hence, their value
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NYCB
News
- ‘Banks continue to become increasingly less relevant': the professor who sees a $2 trillion hole in the economy predicts a thinning of the herd [Yahoo! Finance]Yahoo! Finance
- ‘Banks continue to become increasingly less relevant': the professor who sees a $2 trillion hole in the economy predicts a thinning of the herd [Fortune]Fortune
- UPDATE 1-Starwood REIT taps credit line as it faces withdrawal requests [Yahoo! Finance]Yahoo! Finance
- New York Community Bancorp stock slides after $5B mortgage sale agreement [Seeking Alpha]Seeking Alpha
- NEW YORK COMMUNITY BANCORP, INC. AGREES TO SELL APPROXIMATELY $5 BILLION IN WAREHOUSE LOANS TO JPMORGAN CHASE BANK, N.A. [Yahoo! Finance]Yahoo! Finance
NYCB
Earnings
- 5/1/24 - Miss
NYCB
Sec Filings
- 5/16/24 - Form 8-K
- 5/16/24 - Form 144
- 5/15/24 - Form DEFA14A
- NYCB's page on the SEC website