If NYCB offered a 1 for 1 stock deal to AF it may go for it with the increase in its dividend from .16 to 1.00 and the prospect of nice capital appreciation.
Let's hope AF is amenable to it!
We would say good buy to our dividend. Once they go over 50b NYCB will not be able to pay 100% of earnings as dividend. They will add a layer of regulation.