New York Community Bancorp To Benefit From Rate Cut [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 Thanks to a liability-sensitive balance sheet, NYCB's margin is likely to increase as a response to the recent 50bps rate cut. This will boost earnings. Earnings also are expected to be driven by loan growth. Assuming dividends will be held constant at the current level, NYCB offers an attractive dividend yield of 5.8%. Target price implies double-digit price upside, hence, calling for a "bullish" rating. New York Community Bancorp ( Liability-Sensitive Balance Sheet to Benefit Earnings in a Declining Interest Rate Scenario NYCB is mainly a real estate lender, which makes its balance sheet liability sensitive. This means that its earning assets’ portfolio has a longer duration than deposits and borrowings. Consequently, the recent rate cut is expected to have a greater effect on average deposit cost than on average yield. Around 93% of NYCB’s total loan portfolio is made up of mortgage loans, a majority of which will remain locked in at higher rates this year. Meanwhile, a sig
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NYCB
News
- Why New York Community Bancorp Stock Dove by 8% Today [Yahoo! Finance]Yahoo! Finance
- New York Community Bancorp declares $0.01 dividend [Seeking Alpha]Seeking Alpha
- NEW YORK COMMUNITY BANCORP, INC. DECLARES QUARTERLY CASH DIVIDENDS ON ITS COMMON STOCK AND PREFERRED STOCKSPR Newswire
- New York Community Bancorp, Inc. (NYCB) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- New York Community Bancorp (NYCB) Reports Q3 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
NYCB
Earnings
- 10/25/24 - Miss
NYCB
Analyst Actions
- 10/9/24 - JP Morgan
NYCB
Sec Filings
- 10/25/24 - Form 8-K
- 10/25/24 - Form 8-K
- 10/25/24 - Form 8-K
- NYCB's page on the SEC website