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New York Community Bancorp Inc. Message Board

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  • teva4eva teva4eva May 10, 2010 2:45 PM Flag

    HCBK vs. NYB

    There is no secret that for the past few years NYB was hardly covering its dividend and Wall Street punished the company by bringing down the share price, but NYB management persisted in maintaining the excellent dividend always reminding us that their confidence in the stock would show itslf going forward. True to their expectations NYB has proven to be a much stronger bank than Wall Street thought and now, following the masterful AMTRUST acquisition as well as their general administrative abilities, NYB share price done extremely well year to date and Wall Street has rewarded it with numerous upgrades and increasing price targets. Much of this new WS confidence is due precisely to the fact that NYB is now more than covering their dividend payout. In fact several broker upgrades have specifically mentioned the high probability that the dividend will be increased in the near future.

 
NYCB
16.36Sep 19 4:05 PMEDT

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