NEW YORK COMMUNITY BANCORP, INC. REPORTS RECORD SECOND QUARTER NET INCOME AVAILABLE TO COMMON STOCKHOLDERS AND SIGNIFICANT DOUBLE-DIGIT EARNINGS PER SHARE GROWTH

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JPMorgan sees significant growth runway ahead for New York Community Bancorp (NYCB)

July 28, 2023 12:07 PM EDT

JPMorgan upgraded New York Community Bancorp (NYSE: NYCB) to Overweight from Neutral, raising the stock price target to $16 from $13 in a note to clients on Friday.

Analyst Steven Alexopoulos told investors in a note that with 127 banking teams and new energy at... More