New York Community Bancorp: Financial Winner
On the other hand, the analyst said that "there is near-term deal risk in shares of NYB and a higher discount rate and the lower price target is appropriate," adding that "while we do not believe a deal is imminent, we also believe that NYB could use its shares as currency for the right opportunity given the stock currently trades at 1.8x tangible book value which is above the 1.2x median multiple of peers."
Interested in more on New York Community Bancorp? See TheStreet Ratings' report card for this stock .
-- Written by Philip van Doorn in Jupiter, Fla.
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