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Message Boards Settings New York Community Bancor (NYB) - Quote Info
Not sure if this was posted - S&P Maintains Strong buy (10/28)      3-Nov-09 10:55 am    
S&P MAINTAINS STRONG BUY OPINION ON SHARES OF NEW YORK COMMUNITY BANCORP
(Standard & Poor's)
NYB reports Q3 EPS of $0.28 vs. $0.17, above our $0.27 forecast. The upside reflects higher-than-expected net interest margin of 3.17%. We believe NYB is well positioned to gain market share during the economic downturn, due to what we view as strong capital levels and its focus on rent-controlled, multifamily loans with low loan-to-value ratios. We are slightly raising our '09 EPS estimate to $1.06, incorporating the $0.01 upside in Q3. However, we are keeping our 12-month target price of $14, based on a historically low P/E ratio of 12.3X our '10 EPS forecast of $1.14.
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Lambster


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Not sure if this was posted - S&P Maintains Strong buy ...
Lambster (1 Rating) 3-Nov-09 10:55 am  
 
A great post! Thanks for the positive info!
oldcar2002a Rate it 3-Nov-09 04:11 pm  
 
Lambster Looks like S&P neglected to account fo...
teva4eva Rate it 3-Nov-09 06:27 pm  
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New York Community Bancorp Inc. (NYB)

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