New York Community Bancorp Inc. (NYSE: NYCB) stock closed at $11.66 on 11/6/24 after a major increase of 10.7%. Moreover, trading volume in this advance was exceptionally high at 315% of normal. The stock has risen 13.4% during the last week and has performed in line with the market over the last nine months.
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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. New York Community Bancorp has a very high Appreciation Score of 86 but a neutral Power Rating of 43, with the Positive Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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