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Stock impact report

Why New York Community Bancorp Zoomed Higher This Week [Yahoo! Finance]

New York Community Bancorp, Inc. (NYCB) 
Last new york community bancorp, inc. earnings: 4/29 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.mynycb.com
Company Research Source: Yahoo! Finance
A troubled company in turnaround, New York Community Bancorp (NYSE: NYCB) has been one of the least popular banking stocks on the market in recent times. However, one analyst believes the shares are now priced fairly, as he recently upgraded his recommendation on the stock to the equivalent of a hold. This helped the company's stock book a nearly 9% gain in price across this week, according to data compiled by S&P Global Market Intelligence Rate cut supports struggling lender That upgrade occurred in the wee hours of Tuesday morning, and came from Raymond James Financial 's Steve Moss. Although Moss shifted his recommendation on New York Community Bancorp from the previous underweight (sell, in other words), he did not place a price target on the shares. Tuesday was the day before the Federal Reserve (Fed) pulled the lever on its 50-basis-point interest rate cut; the analyst's move was made in anticipation of the regulator's reduction. Although economists and other pundits vari Show less Read more
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