Unpacking the differences between multifamily and office CRE outlooks Sep. 08, 2024 4:05 PM ET By: Liz Kiesche , SA News Editor [Seeking Alpha]
New York Community Bancorp, Inc. (NYCB)
Last new york community bancorp, inc. earnings: 4/29 07:00 am
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ir.mynycb.com
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Source: Seeking Alpha
For example, in January, New York Community Bancorp's ( NYSE: NYCB ) stock slumped after it boosted its loan loss reserves to address weakness in the office sector and for potential repricing in its multifamily portfolio, among a number of other charges it took. But the largest U.S. banks are well positioned to weather declining loan performance for office and multifamily (i.e., apartments) properties, Fitch Ratings said in a recent report. Despite holding a majority of CRE loan balances, larger banks are more diversified and better positioned to withstand expected credit deterioration, particularly in office loan, Fitch's Julie Solar and Brian Thies said in the report. "Beginning in 2023 and continuing into this year, migration of non-owner occupied (nonOO) CRE into non-performing loans (NPLs) has accelerated and has since approached levels last seen at the peak of the global financial crisis," they wrote. And it's unlikely that the industry has reached peak problem loan leve
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News
- New York Community Bancorp upgraded to Market Perform at Raymond James Sep. 17, 2024 2:00 PM ET By: Liz Kiesche , SA News Editor [Seeking Alpha]Seeking Alpha
- New York Community Bancorp, Inc. (NYSE: NYCB) was upgraded by analysts at Raymond James from an "underperform" rating to a "market perform" rating.MarketBeat
- FLAGSTAR BANK EXPANDS COMMERCIAL AND PRIVATE BANKING LEADERSHIP TEAM WITH KEY EXECUTIVE APPOINTMENTSPR Newswire
- Forget New York Community Bancorp, Buy This Magnificent High-Yield Stock Instead [Yahoo! Finance]Yahoo! Finance
- New York Community Bancorp Has Great Potential And Ambitions [Seeking Alpha]Seeking Alpha
NYCB
Earnings
- 7/25/24 - Miss
NYCB
Sec Filings
- 9/4/24 - Form 8-K
- 8/23/24 - Form S-1/A
- 8/13/24 - Form SC
- NYCB's page on the SEC website