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NYCB
Strong Buy 
 0.00%
0 members
Buy 
 50.00%
1 members
Hold 
 0.00%
0 members
Sell 
 50.00%
1 members
Strong Sell 
 0.00%
0 members
 
Average rating: 3.00 (Strong Buy) 1.00 - 5.00 (Strong Sell) Total: 2 members

Annual growth of NYCB:

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Apr. 26 2021, 11:39 AM ET
Nearest price: 12.53 (04/26/21)
by scuttlebut (profile)
(all of scuttlebut's ratings)
rating:
Sell
(Previous rating: Sell,
on Jul. 28 2020, 1:20 PM ET)
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 over so better to sell now than suffer the future alone.

Little wonder that no one else thought Flagstar was worth more than the paltry premium paid by NYCB.

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Currently: 
 7 said yes (of 7 -- 100.00%)

 
Nov. 25 2018, 10:50 AM ET
Nearest price: 9.89 (11/26/18)
by nikkiwoo (profile)
(all of nikkiwoo's ratings)
rating:
Buy
[ No comment ]

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