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New York Community Bancorp Inc. Message Board

boogly_oogly 2 posts  |  Last Activity: Aug 26, 2014 8:54 PM Member since: Oct 2, 2012
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  • boogly_oogly boogly_oogly Aug 26, 2014 8:54 PM Flag

    This is a lie. Check out the historical prices on Yahoo. VICL was at $1.18 on 12/31/13, and it closed today at $1.27, an increase of 7.6%.

    Moreover, VICL has a HUGE bid/ask spread, and if the last trade of the day had been a sale instead of a buy VICL would be DOWN for the year.

    Sentiment: Hold

  • Reply to

    bond yield curve is keeping stock down..?

    by biglefthook_00 Aug 14, 2014 9:44 AM
    boogly_oogly boogly_oogly Aug 18, 2014 11:10 AM Flag

    NYCB makes profits off of the spread between what it needs to borrow at and what it can lend at.
    It has an advantage over many other banks in that its default rate on loans is comparatively low.
    It has a disadvantage compared to some other competitors in that it doesn't have large amounts of savings deposits which pay very low or no interest, so it needs to go to the marketplace and borrow.

    If the yield curve steepens then NYCB could possibly benefit, but only if it takes risks and borrows short term money and lends it long term. If it matches its assets and liabilities then it will immunize itself from that risk but will not benefit from the steepening curve. However, if the long end of the curve rises (independent of the short end, and not a yield curve issue per se), then NYCB should benefit as one would expect their spread, and hence their profit margins, to widen proportionately.

    If anyone sees problems with this analysis please reply - thanks!

    Sentiment: Hold

15.95+0.06(+0.38%)Aug 29 4:02 PMEDT

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