New York Community Bancorp: The Preferred Holds More Appeal [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
Summary New York Community Bancorp will likely benefit from lower benchmark interest rates but will likely remain challenged to grow book value and long term earnings per share. In contrast, the company's preferred shares offer far higher effective yields, steep discounts to redemption value, and the potential for superior capital appreciation. The preferred shares warrant attention from investors, especially if ongoing volatility creates more opportunities to acquire preferred shares below $17.50. In June, we wrote describing our view NYCB New York Community’s share price has traded up and down in the last several months, briefly exceeding the upper end of our valuation range based on an annuity valuation of the company’s shares before falling back on a disappointing earnings report, trading around the valuation midpoint, and most recently declining along with the rest of the banking industry in the face of falling interest rates and recession fears driven by the coronavirus situatio
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NYCB
News
- Troubled Philadelphia-based bank implodes in first failure of the year [Fortune]Fortune
- Regulators close Philadelphia-based Republic First Bank, first US bank failure this year [Yahoo! Finance]Yahoo! Finance
- Regulators close Philadelphia-based Republic First Bank, first US bank failure this year [Financial Post (Toronto, Ontario, Canada)]Financial Post
- NEW YORK COMMUNITY BANCORP, INC. ANNOUNCES JUNE 5TH DATE FOR THE 2024 ANNUAL MEETING OF SHAREHOLDERS [Yahoo! Finance]Yahoo! Finance
- NEW YORK COMMUNITY BANCORP, INC. ANNOUNCES JUNE 5TH DATE FOR THE 2024 ANNUAL MEETING OF SHAREHOLDERSPR Newswire
NYCB
Earnings
- 1/31/24 - Miss
NYCB
Sec Filings
- 4/29/24 - Form 4
- 4/29/24 - Form 4
- 4/29/24 - Form 4
- NYCB's page on the SEC website