4 Things You Need to Know if You Buy New York Community Bancorp Today
New York Community Bancorp (NYSE: NYCB) stock has struggled since the bank reported a surprising Q4 loss in late January because it took significant charge-offs on loans in its portfolio. Since then, things have gone from bad to worse for the bank, as it delayed its annual financial report filing due to deficiencies in its internal controls.
The bank is now under new leadership and recently raised $1 billion to bolster its capital and shore up its balance sheet. The stock is down 62% since the start of the year and appears to be cheap, however, investors will want to consider at least four things before buying the bank's stock today.
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Source Fool.com
