Added to YB: 2024-02-05
Pitch date: 2024-02-05
NYCB [bullish]
Flagstar Bank, National Association
-20.1%
current return
Author Info
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Company Info
Flagstar Bank, National Association operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States.
Market Cap
$4.9B
Pitch Price
$16.11
Price Target
N/A
Dividend
0.34%
EV/EBITDA
N/A
P/E
-11.31
EV/Sales
N/A
Sector
Banks
Category
value
Show full summary:
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)