New York Community Bancorp: High Safety Margin

E t H 417 H I t E New York Community Bancorp (NYSE:NYCB) made news earlier this year when it was forced to raise equity and cut its dividend due to problems creeping up in its commecial loan book. The regional lender's second-quarter results showed pressure on net income as well as continually unfavorable credit teends, including in the multi-family business. However, the bank is making progress in selling non-strategic assets in order to reorganize its business and improve its liquidity position. NYCB is a ...