New York Community Bancorp Stock: Buy, Sell, or Hold?

Share prices of New York Community Bancorp (NYSE: NYCB) have fallen roughly 70% over the past year. In the first-quarter 2024 earnings update, the first bullet point in management's comments was that the company is targeting "peer level profitability by fourth quarter 2026."Given the huge stock decline, the below-peer performance, and a target date for improving financials, interested investors have a tough decision about what to do with this stock. Is it a buy, sell, or hold?All signs point to NYCB being a turnaround stock. But potential investors should tread carefully. Here's what needs to be considered.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Zum vollständigen Artikel