Savvy Trades and Investments

[SSKILLZ1]

NYCB (FBC)

Yes the quarter wasn't great, but on the call NYCB said it will be accretive to NYCB shareholder when deal is done even with these changes. Furthermore, FBC explained the quarter well they are in a transition quarter. In a sense that mortgage revenue went waaaaaaaaaaaaay down as expected, but the benefit of higher interest rates has yet to kick in until late in the quarter, Hence profits should jump right significantly from q1 levels. Yet they were never gonna earn 2021 profits, that wasn't sustainable. But say a $5.50-6.00 annualized eps levels rate should be expected from q2 on. and with synergies this will still be waaaaaaaaaaaaaaaaay accretive to NYCB which at the end of day is all that matter in my opinion. All is just my opinion, and I could always be wrong though.