Buy This Undervalued Stock Before Everyone Else Does
2021 has been a good year for banks in general as the industry is up 27% year to date, beating the S&P 500. A lot of it has to do with macro trends, like government stimulus funds and a growing economy, and a lot of it has to do with the fact that many banks were so devalued last year during the pandemic there was nowhere to go but up.
In that mix, there was one small bank that has quietly posted strong returns but remains undervalued. This bank also has some major catalysts that could propel it even higher in the years to come. This is why you might want to consider buying undervalued bank stock New York Community Bancorp (NYSE: NYCB) before everyone else does.
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Source Fool.com
