Why New York Community Bancorp Zoomed Higher This Week
TBBKThe Bancorp(TBBK) The Motley Fool·2024-09-21 04:49

Perhaps there's some value in the damaged but recovering bank after all. A troubled company in turnaround, New York Community Bancorp (NYCB -4.59%) has been one of the least popular banking stocks on the market in recent times. However, one analyst believes the shares are now priced fairly, as he recently upgraded his recommendation on the stock to the equivalent of a hold. This helped the company's stock book a nearly 9% gain in price across this week, according to data compiled by S&P Global Market Intell ...