Operating earnings about .16 cents. Big miss, questionable if dividend is covered. Sold bonds for gain of about $27M to make estimates.
Why doesn't a larger, better managed financial institution come in with a big broom, buy this bank and sweep out out all the bad management. Seems like it would be a sweet deal for someone.
Last month when everyone was posting how bad this stock is, I wrote to switch it out for AMD. Hope someone did; it hit a 52 week high today and also a 10 Yr. high. That new chip is on fire. I would take some profits off it though. It may go higher but always sell at the high and buy more on the dip. NYCB moved nicely yesterday but just one day can take it back down. Those selling will miss the next dividend payout but it depends on what you paid for the shares to decide to unload now or not.
Great earnings beat, and the stock takes a hit. Oh well, it gave me another opportunity to buy another 5K shares just in time to catch the generous dividend. There is very little downside risk now with positive earnings just reported.
New York Community Bancorp NYSE $NYCB Correlation Histogram
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks Sep-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is -0.5 In other words, the correlation coefficient of the other stocks
Piggy bank for insiders??
Put some lipstick on this pig & sell it. Management team is worthless. Sell it & take out most of the cost structure. POS
Good to see an earnings beat :-) maybe a little div increase this year ?
Love the upswing on Double the volume--looks good for tomorrow's earnings
Any opinions on upcoming earnings?
You gotta love the Asset quality, don't you? That and how much money people made in the stock who didn't buy it in the last 13 years.
Aug. 4th-Next Div.
Joe is in over his he should be out there apologizing to the stockholders. But he gives no explanation or gives any indication of what direction he is taking As i said before he will not make a move or do anything. He sits and prays for an easing in Dodd Frank regulation
Be patient and collect the dividend I am since 2016
BRIEF-New York Community Bancorp announces strategic sale of mortgage banking business and residential assets covered under FDIC loss share agreement
New York Community Bancorp Inc
NY real estate market has been slowing down and I think this presents a growth obstacle for nycb.
Anyone pumping this stock has to be crazy. Joe has no plan. Look what he is doing to the stock holders. If plan A does not work Joe does nothing. Bet the stock bottoms out about $11.00. But if earning continue to decline there may be another dividend cut and it the share price may go below $11.00. Look at its share price for the last 10 years, its declined big time. What is your plan Joe except trying to make acquisitions that fall through. It may be fine to have an acquisition strategy but Joe you have noting else besides this strategy. Your policy's have been dictated by Dodd Frank which have been in place since for many years. You have not done a things to position the bank for growth. It seems you just want to wait and pray the part of the law that has regulation according to bank size gets repealed Even when it does and you can start do grow the bank you wil stil be behind the eight ball. Will take many years to turn this bank around. As we speak the bank is down $0.32 to 12.97. Joe you are a piece of garbage..