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New York Community Bancorp Inc. Message Board

  • dsmayers dsmayers Jul 17, 2014 12:00 PM Flag

    Wednesday's earnings

    We are down because another bank went over the 50 billion asset ceiling and announced a caution on Wednesday. NYCB has been preparing for this moment for over a year and is prepared for this. I personally have doubled down with this big drop in shareholder confidence. This action will be rewarded for me next Wednesday during the conference call.

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    • I love these kind of swings where I can keep my core positions and then add shares to sell later after the dust settles. I like NYCB and BBVA both for their nice dividends and trading rangess. I like them both a lot.
      Off Topic : Maybe look at MBI - Not pumping but maybe just look and do your own DD.

      • 1 Reply to charles_neff
      • I agree with your comment. Whenever the shares dip in the low $15 range I add more shares. I have owned this since it was an IPO, have lived in Roslyn and have great faith in this bank which has gotten much stronger and bigger since the IPO The dividend has been consistent even during the market down turn and can be relied upon for a great dividend position. These swings down are buying opportunities.

        Sentiment: Strong Buy

    • guess is you will be rewarded...and when we throw out the Lefties currently running or not-running Govt. this Nov. and Nov.'re gonna see the bank Business come roaring back too you'll see avg. 10-year interest rates at .045 percent and lots of additional reflating of some assets happening too...jmo...

    • Did you hear a mention of the 50 billion limit in the conference call? I didn't hear it.

      • 1 Reply to airlease2000
      • In the report, Bank of America noted, “There's no getting around it: a higher regulatory cost burden as FRC approaches the $50bn asset threshold would materially dampen near-term EPS power. The biggest impact is clearly on the expense base. We expect operating expenses to average a quarterly run-rate of $269mn in 2H14 and $287mn in '15, vs. the $223mn 2Q14 run rate

        (This quantifies the regulatory cost burden of going over 50B in the case of First Republic. About 20 percent increase in operating expenses)

14.77+0.35(+2.43%)Sep 23 4:02 PMEDT