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New York Community Bancorp gets price target hike from Raymond James on bullish earnings view

Clyde Edgerton by Clyde Edgerton
July 6, 2023
in Markets
New York Community Bancorp gets price target hike from Raymond James on bullish earnings view
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New York Community Bancorp Inc. NYCB on Thursday drew a price target boost to $14 a share from $13 at Raymond James ahead of its next profit update on July 26. Raymond James analyst Steve Moss reiterated a strong buy rating on New York Community Bancorp and said he expects second-quarter results to include core deposit growth and expansion in net interest margin, “which should differentiate the bank from its peers.” He also expects New York Community Bancorp to report a stronger balance sheet due to capital generation and lower wholesale funding, after it acquired Signature Bank from the FDIC in March. New York Community…



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