Keefe Bruyette says the $1B-plus equity infusion that New York Community Bancorp announced is “painful for existing shareholders,” but should quiet systemic concerns for the bank and this should help broader sentiment for the group. The firm has a Market Perform rating and $7.50 price target on New York Community Bancorp shares.
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Read More on NYCB:
- Another Plummet for New York Community Bancorp (NYSE:NYCB)
- New York Community Bancorp Announces Executive Leadership Changes
- Flushing Financial price target lowered to $13.50 from $17 at DA Davidson
- Notable open interest changes for March 4th
- New York Community Bancorp (NYSE:NYCB) Not in the Clear Yet
