Management keeps talking about acquiring another bank? Why? They have shown no ability to increase shareholder earnings.
I don't care about shareholder earnings, I just want my Divy. As long as they keep it as is then my income from them is just fine where its at.
NYCB's cost of funds is above average for the industry. They can lower that cost by buying a bank with a good depositor base. A good depositor base helps earnings by lowering costs. That might be part of what NYCB is looking for.
Ever heard the term ACCRETIVE to earnings? THAT is what NYCB is thinking.
Sentiment: Strong Buy
Maybe NYCB should be a seller.