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Bank Investor
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• Latest Idea from Stock Ratings
NYCB
| Strong Buy |
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0.00%
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0 members
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| Buy |
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50.00%
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1 members
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| Hold |
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0.00%
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0 members
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| Sell |
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50.00%
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1 members
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| Strong Sell |
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0.00%
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0 members
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Average rating: 3.00
(Strong Buy) 1.00 - 5.00 (Strong Sell) |
Total: 2 members |
These ratings are posted by site users; this content is not intended to
be investment advice, nor does it represent the opinion of, counsel from, or recommendations by
Bankinvestor.com
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Latest comments:
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Apr. 26 2021,
11:39 AM ET |
by scuttlebut
(profile • other ratings) |
rating: Sell |
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Time to say good bye, still!
Appears no one wanted to pay up for this franchise, so they made an offer for another strategically challenged bank, Flagstar.
NYCB management has commented that loan growth opportunities were being challenged by intense competitive pressures plus growing uncertainty over collateral values under the new NYC rent control laws. So, they needed a new way to generate loans.
Flagstar has been very successful focusing their business in SFM origination, but that game is fast being taken over by the fintechs, and they realized their game was nearly .... read full description
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