Replies to post #108589 on Savvy Trades and Investments

[bbotcs]

SSKILLZ1: NYCB
Thank you for the excellent analysis.
I agree with you on the substandard loan increase. That is not a good sign.
There is big concern about commercial loans in the business media. They anticipate it getting a lot worse, saying it is a looming crisis.
I plan to sit on the sidelines. The NYC market might be the last place to invest in a bank with commercial loans.
Thank you again.

[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.

[researcher59]

NYCB -3.94 to 6.44, after reporting a Q4 loss - nice call on this one, although I think the selloff is overdone and picked up a few shares this morning. Speculative. Maybe there are other skeletons in the closet ?

https://www.marketwatch.com/story/new-york-community-bancorp-stock-slides-as-it-cuts-dividend-posts-surprise-loss-785f285f