NY NYCB New York Community Bancorp, Inc. Loading... : Bullish and Bearish Analyst Opinions

Speaker said they have recently gotten very constructive on New York Community Bancorp (now Flagstar), believing it is past the heavy lift, returning to profitability, credit is improving, and a buyback at 80% of tangible book is expected mid-year. After stress and capital raising, the company is improving credit and profitability, with a potential buyback providing significant value accretion. The stock is attractive due to the turnaround and upcoming catalysts like the buyback. Credit issues could reemerge, or the buyback might not materialize as expected.