Added to YB: 2024-02-12
Pitch date: 2024-02-10
NYCB [bearish]
Flagstar Bank, National Association
+12.01%
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
$14.69
Price Target
N/A
Dividend
0.34%
EV/EBITDA
N/A
P/E
-11.31
EV/Sales
N/A
Sector
Banks
Category
turnaround
Show full summary:
$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)