New York Community Bancorp shares benefit from signed banking transaction

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New York Bancorp Community


Outperform • Price $6.54 on March 17

by Wedbush

We are upgrading NYCB from Neutral, due to a significant increase in earnings per share to 20% from the agreement with Signature Bank. [On March 19]The FDIC announced that it has entered into a purchase agreement with Flagstar Bank, a subsidiary of NYCB, for a portion of Signature’s loan and deposit portfolio.


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