New York Community Bancorp (NYCB)

A piece setting out the investment case for New York Community Bancorp (NYCB) featured earlier in the year. The short version: this is a reliably conservative bank throwing off a decent dividend. At the time, its shares traded for around $12.70 each on the back of $0.80 per share in net profit. Factor in a 68¢ annual dividend, plus book value of $13 per share,…

A good acid test for finding solid bank stocks is to see how they performed in the financial crisis. For instance, anyone tempted by the recent stellar dividend growth on offer at Bank of America might think twice when they recall the carnage inflicted on shareholders in 2008. Conversely, investors who may have noticed New York Community Bancorp’s (NYCB) recent rough patch may be willing…