New York Community Bancorp Stock: Buy, Sell, or Hold?
The Bancorp(TBBK) The Motley Fool·2024-06-16 18:45
This bank has the financial backing to get back on track, but does that make it a buy?Share prices of New York Community Bancorp (NYCB -2.87%) have fallen roughly 70% over the past year. In the first-quarter 2024 earnings update, the first bullet point in management's comments was that the company is targeting "peer level profitability by fourth quarter 2026."Given the huge stock decline, the below-peer performance, and a target date for improving financials, interested investors have a tough decision about ...