Stock Rating Upgrade
In the last week the Value Trend Rating for New York Community Bancorp Inc. (NYSE: NYCB) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 9/13/24, New York Community Bancorp Inc. (NYSE: NYCB) stock enjoyed a large increase of 3.4%, closing at $10.60. This advance was accompanied by normal trading volume. Relative to the market the stock has been extremely weak over the last nine months but has risen 2.7% 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 (Low Neutral). This VT Rating improved in recent days from D previously. 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 85 but a very low Power Rating of 2, with the Low Neutral Value Trend Rating the result.
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