New York Community Bancorp, Inc. (NYSE:NYCB) is reporting second quarter financial results on Wednesday 29th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, NYCB is expected to report 2Q20 income of $ 0.19 per share from revenue of $ 261.80 million.
For the full year, analysts anticipate top line of $ 1080.78 million, while looking forward to income of $ 0.83 per share bottom line.
Previous Quarter Performance
New York Community Bancorp, Inc. unveiled income for the first quarter of $ 0.20 per share, from the revenue of $ 244.47 million. The quarterly earnings developed 5.26 percent while revenues dropped 0.31 percent compared with the same quarter last year.
Street analysts expected New York Community Bancorp, Inc. to report income of $ 0.16 per share on revenue of $ 248.66 million for the first quarter. The bottom line results beat street analysts by $ 0.04 or 25.00 percent, at the same time, top line results fell short of analysts by $ 4.19 million or 1.69 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of NYCB was $ 10.24, representing a 25.03 % increase from the 52 week low of $ 8.19 and a 25.74 % decrease over the 52 week high of $ 13.79.
The company has a market capital of $ 4.75 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Analyst recommendations
- On 8th June 2020, maintained by Morgan Stanley at Underweight rating, with $ 11.00 target price.
Recent Stock Dividend Announcement
On April 29, 2020, the board of directors authorized quarterly dividend of $ 0.17 per share to holders of record as of the close of business on May 9, 2020, with payment date of May 19, 2020 and ex-dividend date on May 7, 2020.
Conference Call
New York Community Bancorp, Inc. will be hosting a conference call at 8:30 AM eastern time on 29th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.mynycb.com
New York Community Bancorp, Inc. operates as a bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products, including interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit.
