New York Community Bancorp, Inc. (NYCB)
Pre-Market:
| Previous Close | 8.61 |
| Open | 9.23 |
| Bid | 0.00 x 1100 |
| Ask | 0.00 x 1100 |
| Day's Range | 8.92 - 9.30 |
| 52 Week Range | 5.81 - 11.18 |
| Volume | |
| Avg. Volume | 13,739,130 |
| Market Cap | 6.26B |
| Beta (5Y Monthly) | 1.03 |
| PE Ratio (TTM) | 8.28 |
| EPS (TTM) | 1.11 |
| Earnings Date | Apr 25, 2023 - May 01, 2023 |
| Forward Dividend & Yield | 0.68 (6.86%) |
| Ex-Dividend Date | Feb 03, 2023 |
| 1y Target Est | 10.68 |
- Yahoo Finance Video
Fed will need to be ‘really careful’ on forward guidance: Strategist
Expectations on the Fed’s next move for interest rates have been a mixed bag in recent weeks. From bets on a 50-basis point hike, to no hike at all, to a view of a 25 basis point rate hike. The expectation whiplash kicked into high gear after the sudden bank failures- sending a wave stress throughout the banking system. “The Fed is going to have to be really careful about forward guidance here and potentially not give a whole lot of it because they're not omnipotent. They don't know what's coming down the pike,” says Chris Konstantinos, RiverFront Investment Group Chief Investment Strategist. Markets will be eager to see the Fed’s tone as they face tensions on financial stability and the risk of inflation. “They have to strike a balance. I think if their message is too far towards price stability, or to much towards financial stability, or inflation stability- too much in either direction- I think is going to be tough for the market to take,“ says Konstantinos Yahoo! Finance's Julie Hyman and Brad Smith speak with Chris Konstantinos in a full interview here. Key video moments: 00:00:14 Fed guidance 00:00:52 Fed striking a balance 00:01:21 Rate hike pause
- Yahoo Finance Video
More U.S. banks potentially insolvent: Study
In an interview with Yahoo Finance's Rachelle Akuffo, Columbia Business School Professor of Real Estate Tomasz Piskorski said that in a scenario where 50% of depositors are uninsured, "you have about 190 banks in a precarious position meaning the remaining value of assets is not enough to cover the face value of the insured deposit obligation," of course these bank runs can become more pronounced. Piskorski adds that in a scenario where 100% of depositors are uninsured, "almost more than 1,600 banks deemed potentially insolvent."The Federal Deposit Insurance Corporation said shortly before Silicon Valley Bank's collapse that the market value of U.S. banks’ long-term assets had dropped $620 billion in 2022. New research co-authored by Columbia Business School's professor of real estate Tomasz Piskorski finds that the banking industry’s unrealized losses are now more than three times that, with the system accumulating $2.2 trillion in unrealized losses over the past year. These paper losses across the U.S. banking sector suggest that other banks with high levels of uninsured depositors and large losses are also prone to solvency crises that could trigger bank runs. In an interview with Yahoo Finance's Rachelle Akuffo, Piskorski said that in a scenario where 50% of depositors are uninsured, "you have about 190 banks in a precarious position meaning the remaining value of assets is not enough to cover the face value of the insured deposit obligation," of course these bank runs can become more pronounced. Piskorski adds that in a scenario where 100% of depositors are uninsured, "almost more than 1,600 banks deemed potentially insolvent." Key video moments: 00:01:19 U.S. bank capitalization 00:03:19 Systemically important banks 00:04:22 Risk in the banking system Watch our full conversation with Tomasz Piskorski here.
- Bloomberg
After Signature Bank Deal, FDIC Is Left With $11 Billion in ‘Toxic Waste’ Loans
(Bloomberg) -- Signature Bank’s partial takeover by a competitor is notable for what it doesn’t include: $11 billion of loans against a class of New York City apartments whose values have tumbled in recent years.Most Read from BloombergBomb Threat Called In to New York Court Where Trump Hearing HeldUS Studies Ways to Insure All Bank Deposits If Crisis GrowsJPMorgan Owned the LME ‘Nickel’ That Was Actually Bags of StonesSwiss Are On the Hook for $13,500 Each on Credit Suisse BailoutSVB’s Loans to
