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

Shares of New York Community Bancorp (NYSE: NYCB) have lost roughly two-thirds of their value over the past year. Meanwhile, the average bank stock, using the SPDR S&P Bank ETF as an industry proxy, is up over 40% over that same timeframe. This is not a stock that will be a good fit for most investors. But that doesn't mean all investors will want to avoid it.Here's a look at the buy, sell, and hold arguments for New York Community Bancorp stock today.In late 2022 New York Community Bancorp bought Flagstar Bank as it sought to become a larger bank. Then a short-lived banking crisis hit in early 2023, but New York Community Bancorp was largely unscathed by the industry turmoil. However, management, still looking to grow its business, saw a potential opportunity in the crisis. It ended up buying parts of Signature Bank, one of the banks that failed during the bank runs.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool