New York Community Bancorp Stock: Buy, Sell, or Hold?

Share prices of New York Community Bancorp (NYCB -2.87%) have fallen roughly 70% over the past year. In the first-quarter 2024 earnings update, the first bullet point in management's comments was that the company is targeting "peer level profitability by fourth quarter 2026." Buy New York Community Bancorp Bolstering the balance sheet led to a massive dividend cut, with the quarterly dividend falling from $0.17 per share to $0.01 in less than a year. This aggressive move was also necessitated by the fact th ...