Savvy Trades and Investments

[researcher59]

NYCB -.32 to 8.98, gets attractive if it keeps trending lower, imho. It was over $14 in late July.

fly 11/3 -

Wedbush downgraded New York Community Bancorp to Neutral from Outperform with a price target of $11, down from $12, and is removing the stock from the firm's "Best Ideas List," citing the bank's outsized commercial real estate, or CRE, exposure in a higher-for-longer rate backdrop. The firm's base case forecast for 2024 is that the U.S. experiences at least a mild recession and in that context it is "leaning into more defensive names for our bank group," the analyst tells investors.