NYCB on the 30 minute chart had an abrupt reaction to the inflation report. This is not a surprise. Many traders and investors know that banks make more money when the prime rate is lower because they do not need to pay much on savings accounts and deposit certificates. NYCB has been challenged and is more volatile than the average bank stock being a...
In the wake of New York Community Bancorp Inc.'s ( NYSE:NYCB ) investor conference held on Thursday morning, the company's stock faces tumultuous times as several brokerages slash their price targets. The event shed light on the challenges NYSE:NYCB faces, including the dilution of common shareholders and a significant reduction in dividends. Analysts at...
On the 15 minute chart the price action reflects the rough time that NYCB has had. Apparently it had a good rally to finish the week due to reports of floods of new deposits . Down the road it may be a problem if premium interest is being paid on the deposits. In the meanwhile, I see NYCB as taking back half of the trend down and floating up gradually into the...
New York Community Bank ( NYSE:NYCB ) finds itself at a pivotal juncture, navigating through leadership changes, impairment charges, and the revelation of material weaknesses in its risk assessment processes. These developments, unveiled in recent filings, have sent shockwaves through the banking sector and triggered a flurry of speculation about the future...
In the wake of a tumultuous week marked by a significant downturn in New York Community Bancorp ( NYSE:NYCB ) shares, investors found a glimmer of hope as CEO Thomas Cangemi and other insiders embarked on a notable buying spree. The move, which saw more than 200,000 shares snapped up by key figures within the company, served as a beacon of confidence amidst the...
incoming pullback imo. 5-7% pullback before then of February. History doesn't always repeat itself but it does frequently rhyme. Refer to AMEX:SPY 6/15-8/17 ... Good luck everyone . From here I'm taking puts to $478 , calls at $478 to 20 DMA retest, consolidation for about a week... $483 Short until $470... Buy $468 for March run....
How a Surprise Quarterly Loss Unveiled Deep-seated Industry Concerns and Unleashed Market Volatility New York Community Bancorp ( NYSE:NYCB ) finds itself at the epicenter of such a narrative, as its stock value teeters on the brink of a halving amidst a perfect storm of regulatory scrutiny, mounting bad loans, and existential concerns within the commercial real...
The recent tumult in U.S. regional bank stocks, triggered by New York Community Bancorp's ( NYSE:NYCB ) dismal earnings report, has sent shockwaves through the financial sector. The KBW Regional Banking Index experienced a modest recovery on Friday, offering a glimmer of hope after two consecutive days of substantial losses. NYSE:NYCB 's drastic share price...
New York Community Bancorp ( NYSE:NYCB ) is grappling with a turbulent market as its stock experiences a sharp decline, driven by a surprise fourth-quarter loss and a significant 71% cut in dividends. The banking giant's woes can be attributed to a combination of factors, including unexpected earnings misses, integration complexities from recent mergers, and...
A large down channel is in play which is dominant A smaller down channel is also evident which is dominating the current trend, it is a sharp down channel. I think price will continue down until the low of the larger channel which is the bottom trend line.
Buying in now at $12.59 Sell at $14 New York Community Bancorp is trading below fair value. I anticipate when tech stocks make reversal we will see bank stocks gain more steam as investors swing back into more value stocks. RSI is at ideal level, and Squeeze Indicator is showing good momentum.