Is New York Community Bancorp Stock a Buy?
New York Community Bancorp (NYSE: NYCB) has had a bit of a rocky year.
In particular, the company's shares fell by about 15% after it released its third-quarter earnings report at the end of October. The sell-off was due to two major issues investors seem to be wary of for the financial institution moving forward (more on that below). Still, the company hasn't performed badly, with its stock up by about 26.1% since the start of the year, which is more or less in line with the performance of the S&P 500 index overall.
Is New York Community Bancorp worth buying today, or would investors be better off avoiding the commercial bank?
Source Fool.com
