These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. The reports are a sampling of analysts’ thinking; they should not be considered the views or recommendations of Barron’s. Some of the reports’ issuers have provided, or hope to provide, investment-banking or other services to the companies being analyzed.
New York Community Bancorp
Outperform • Price $6.54 on March 17
We’re upgrading NYCB from Neutral, owing to material earnings-per-share accretion of 20% from the Signature Bank deal. [On March 19], the FDIC announced that it had entered into a purchase agreement with Flagstar Bank, a subsidiary of NYCB, for a portion of Signature’s loan and deposit portfolio.