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
- 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
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