Added to YB: 2024-02-12
Pitch date: 2024-02-10
NYCB [bearish]
Flagstar Bank, National Association
+9.08%
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
$14.69
Price Target
N/A
Dividend
0.28%
EV/EBITDA
N/A
P/E
-27.91
EV/Sales
N/A
Sector
Banks
Category
turnaround
$NYCB Loan Portfolio and Ongoing Challenges
NYCB faces challenges w/ rent-regulated loans harboring hidden losses due to underperforming bldgs & inability to raise rev amid higher rates. $7B+ tangible equity vs potential $4B losses, insider buying shows confidence but stock still risky w/ opportunity cost vs other banks.
Read full article (7 min)