Added to YB: 2024-02-05
Pitch date: 2024-02-05
NYCB [bullish]
Flagstar Bank, National Association
-17.06%
current return
Author Info
Company Info
Flagstar Bank, National Association provides banking products and services in the United States. The company’s deposit products include interest-bearing checking and money market, savings, and non-interest-bearing accounts, as well as certificates of deposit.
Market Cap
$5.9B
Pitch Price
$16.11
Price Target
N/A
Dividend
0.28%
EV/EBITDA
N/A
P/E
-27.91
EV/Sales
N/A
Sector
Banks
Category
value
Weekend thoughts: $NYCB and regretting sweetheart deals
NYCB plunged as Signature deal brought regulatory scrutiny over $100B size & asset quality concerns esp. rent-regulated loans. Selloff overdone as most banks steady, NYCB reserves up & losses unrealized. Cheap now but murky loan book & mgmt credibility issues remain. Safer bank plays exist.
Read full article (9 min)