New York Community Bancorp's Slow And Steady Recovery
The Bancorp(TBBK) Seeking Alpha·2024-06-18 06:00
Martin Duering /iStock Editorial via Getty Images New York Community Bancorp, Inc. (NYSE:NYCB) is among the numerous small banks that potentially faced bankruptcy. The company has a market cap of just over $3 billion, after a partial equity rescue, due to loan losses, that leaves it more than 70% below its pre-disaster highs. As we'll see throughout this article, the company has a strong plan and the ability to drive future returns. New York Community Bancorp Goals New York Community Bancorp is focused on m ...