New York Community Bancorp, Inc. Reports Third Quarter 2019 Diluted Earnings Per Common Share Of $0.19 As Net Interest Margin Stabilizes
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Go back to New York Community Bancorp, Inc. Reports Third Quarter 2019 Diluted Earnings Per Common Share Of $0.19 As Net Interest Margin Stabilizes
October 31, 2019 6:22 AM EDT
RBC Capital analyst Steven Duong downgraded New York Community Bancorp (NYSE: NYCB) from Outperform to Sector Perform with a price target of $13.00.
The analyst commented, "Our rating for NYCB rested on loan growth headwinds to remain muted (among other catalysts), buttressed by strong... More
October 30, 2019 7:16 AM EDT
New York Community Bancorp (NYSE: NYCB) reported Q3 EPS of $0.19, in-line with the analyst estimate of $0.19. Revenue for the quarter came in at $235.9 million versus the consensus estimate of $239.62 million.
Commenting on the Company's third quarter 2019 performance, President and Chief Executive Officer Joseph R. Ficalora stated: "Overall, we are pleased with the Company's performance this quarter. With the FOMC having lowered short term interest rates twice so far during the third quarter, we are beginning to see a positive impact on our funding costs,... More
