Can't find another bank of this quality selling below book... any thoughts whether this decline is a buying opportunity. Current yield 5.6%
With NIM decaying and the last earnings report saved only by a one-time sale of securities, how likely is a dividend cut and huge drop in the price of NYCB stock? As I see it, if there's any issue with operations and they can't pull another one-time rabbit from a hat, they're in trouble with the dividend. Truth is that if they were SIFI, Fed Reserve wouldn't approve their dividend payout, which is why they're so very interesting in avoiding Fed review. What do you think?
Big buying opportunity 10k
The Motley Fool has been trying to pump this stock up for months.
Sold all yesterday at break even after 9 years.
Who sells so close to the ex div date?
pain here for sure, u would think they are losing money
This is going to hit $5
Buyers must buy in the next 5 trading days to capture the next dividend payout.
why the drop with dividend secure a good buying opportunity
Wall Street will manipulate this stock until the close to get it cheap before the over 5% dividend payout.
loan production to resume, organic crossing of sifi next yr, listen to last call
Fire sale going on with this company. No reason for it to be this low,,,,,,,,,,,,,
I didn't get a chance to listen in yet, but how is that asset quality? Still strong? Ha.
Seems to me they can't keep selling assets off to make the dividend payment, but another cut and the stock will be below 10.
Tough spot, to be charitable but management put us there. People holding on thinking the dividend is safe have their head in the clouds I'm afraid. I'll be completely out in the next week or two and I started the year with 6333 shares.
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.
I have no confidence in NYCB management; they have no plan for the future. Much better firms exist in the regional banking space.
Operating earnings about .16 cents. Big miss, questionable if dividend is covered. Sold bonds for gain of about $27M to make estimates.
Good to see an earnings beat :-) maybe a little div increase this year ?
Piling in for the next dividend.
What you should be piling into is a fund like Vanguard VTMSX. It is a total market passive Index fund which YTD is over 14%. I have owned NYCB for many years and since its not appreciating, a 5% dividend in comparison is losing money.