New York Community Bancorp Inc (NYCB)

[NewJerichoMan]

All banks are up. Some are speculating it has to do with Dems controlling Senate now, expected (larger) stimulus checks, and less-than-expected credit write-offs. Plus, I believe banks are able to buy back their own stocks again.

As far as the interest rate changes. I've heard that a lot. Not sure I believe it.

Back when the world was normal, pre-Financial Crisis, the saying was 3-6-3.

Pay depositors at 3%
Lend at 6%
Be on the golf course by 3 PM.

Banks make money on the spread. If interest rates go up, it goes up for every facet: depositors, lending, etc.

Now we live in a weird world where banks can pony right up to the Fed window and get near 0% interest. It's easy making money when one can borrow at effectively zero and lend it out at 4%.