New York Community Bancorp Inc. (NYSE: NYCB) has reported a loss for its third fiscal quarter (ending September 30) of $-0.79 versus $0.27 for the same period a year ago — a decline of -393%. E.P.S. were $-14.44 for the latest four quarters through September 30 versus $3.92 for the same period a year ago — a decline of -468%.
Recent Price Action
New York Community Bancorp Inc. (NYSE: NYCB) stock suffered a large decline of -8.3% on 10/25/24. The stock closed at $10.55. Moreover, this decline was accompanied by exceptionally high trading volume at 303% of normal. The stock has been weak relative to the market over the last nine months and has declined -14.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, NYCB is expected to continue to be a modest Value Builder.
New York Community Bancorp has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. New York Community Bancorp has a very high Appreciation Score of 86 but a slightly negative Power Rating of 33, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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