Previous Close | 26.76 |
Open | 26.95 |
Bid | 28.43 x 800 |
Ask | 28.46 x 1800 |
Day's Range | 26.65 - 27.72 |
52 Week Range | 23.36 - 34.07 |
Volume | |
Avg. Volume | 344,725 |
Market Cap | 2.232B |
Beta (5Y Monthly) | 0.84 |
PE Ratio (TTM) | 8.00 |
EPS (TTM) | 3.41 |
Earnings Date | Apr 11, 2024 - Apr 15, 2024 |
Forward Dividend & Yield | 1.04 (3.81%) |
Ex-Dividend Date | Feb 22, 2024 |
1y Target Est | 33.25 |
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New York Community Bancorp (NYCB) will receive a $1 billion rescue from a group of investors led by former US Treasury Secretary Steven Mnuchin. The bank absorbed some of the assets of the failed Signature Bank, taking on billions in loans that subjected them to tighter regulatory standards. NYCB is also threatened by its high exposure to commercial real estate, which has fallen significantly in value since the rise of remote work. WaFd Bank CEO Brent Beardall (WaFd) joins Yahoo Finance to discuss the $1 billion rescue plan for NYCB and what investors need to keep in mind regarding regional banks and commercial real estate. Beardall explains that commercial real estate is too broad a sector to be categorized as a risk across the board. To understand the nature of investors' exposure to commercial real estate, Beardall highlights three key takeaways: "Number one is location: it's not secret, everyone knows that with real estate it's all about location, location, location...Number two is to understand how much equity these borrowers put into the deals. Because it tells you how long are they going to go along trying to solve the problem. If they have a lot of equity in the deals, they're going to be with you, they're going to work with you really hard with you to get it right. And then lastly is the sponsor. You need to understand how is the sponsor going to behave. Are they going to be quick to cut ties and say it's your problem or are they going to work with you through the problems?" For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
As an investor its worth striving to ensure your overall portfolio beats the market average. But in any portfolio...
SEATTLE, February 13, 2024--Today, the Board of Directors of WaFd, Inc. (Nasdaq: WAFD) (the "Company"), announced an increase to the regular quarterly cash dividend to 26 cents per share. The dividend will be paid March 8, 2024, to common shareholders of record as of February 23, 2024. This will be the Company’s 164th consecutive quarterly cash dividend.