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New York Community Bancorp Inc. Message Board

  • jananjim jananjim Oct 24, 2012 11:16 AM Flag

    Down Reason

    Perhaps its because net interest income is down as well as net deposits, from previous quarter. Aurora acquired accounts... people are now renewing cds at lower rates and are moving money market accounts in search of a few more basis points in yield. Prepayment penalty income saved the day. But bottom line, good time to add.

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    • should we be worried about next quarter? Personally, I won't woory as they are a well managed bank facing the sme "interest" conditions as their competitors. I increased my holding by 40%

    • blair.wagner Oct 24, 2012 11:23 AM Flag

      Just want to add: "“We are proud of our name and proud of our more than 150 years of strength, stability, and service, which began with a single branch in Flushing, Queens in New York. While our franchise today extends to five states and 274 branches, we remain, in every way that counts, a community bank." Think we are in a good place at the right time.

      Sentiment: Strong Buy

13.99-0.04(-0.29%)Oct 21 4:02 PMEDT