Fox news did a piece on regional banks
In their opinion HBAN , NYCB are poised to deliver divi's with safety--all regional banks look very good
mtg interset rates going higher will not kill their earnings
So Gambler -man is spot on--good for you Gambler
I will be shopping for any bargains if the market corrects some more.
sarge, I have owned NYCB for about three years. My first buy was high, but since then I have bought on dips so that my average price is now about $13.35. NYCB gives modest growth while paying a nice, steady dividend. I hope it does not take another dip, but if it does I'll be buying some more.
Bayman, i also have owned NYB (Now NYCB) for 3 years and wondered where everyone was for the first two years since the stock had a strong record of paying their dividend. I bought in below $12 and accumulated quite a few shares. Besides CQP, ARLP, and SDRL it's been one of my best stocks (I was really happy when it busted above $13.60) For some reason the analysts never seem to get excited about it, but it adds nice diversity to a portfolio of high dividend payers.
NYCB certainly seems to be the better investment. Has delivered a $1.00 yearly dividend for 9 straight years for a current 6.3% yield. It seems to have had no problems during the late '08 fiasco. HBAN looks like it had major trouble a the height of the market meltdown in late '08-09 and had to almost cease it's dividend for a number of quarters. HBAN also yields only 2.3%. If one is looking for stability with a bit of growth, and a bond surrogate, NYCB looks like the one. JMHO.