New York Community Bancorp's 'Credit Story Remains Fluid': Analysts React To Q2 Results
New York Community Bancorp's 'Credit Story Remains Fluid': Analysts React To Q2 Results
Analyst Steven Alexopoulos reiterated a Neutral rating, while reducing the price target from $12.50 to $10.50.Shares of New York Community Bancorp, Inc. (NYSE:NYCB) were climbing on Friday, after the company reported its second-quarter results. The company had agreed in May to sell around $5 billion in mortgage warehouse loans to JPMorgan Chase & Co (NYSE:JPM).
纽约社区银行股票（NYSE:NYCB）在周五上涨，此前该公司公布了其第二季度业绩报告。该公司在五月同意向摩根大通（NYSE:JPM）出售约50亿美元的抵押贷款仓库贷款。
The results came amid an exciting earnings season. Here are some key analyst takeaways.
这些结果出现在一个激动人心的盈利季节。以下是一些重要的分析师观点。
JPMorgan On New York Community Bancorp
摩根大通关注纽约社区银行
Analyst Steven Alexopoulos reiterated a Neutral rating, while reducing the price target from $12.50 to $10.50.
分析师Steven Alexopoulos重申中立评级，同时将价格目标从12.5美元降至10.5美元。
New York Community Bancorp reported a larger-than-expected loss for the second quarter, while "fairly meaningfully" lowering its baseline forecasts for 2024-2026 PTPP (pre-tax pre-provision profit), a quarter after the new management laid out strategic targets, Alexopoulos said in a note.
纽约社区银行报告了一个超预期的第二季度亏损，同时"相当明显"地下调了2024-2026 PTPP（税前税前利润）的基准预测，这是新管理层制定战略目标一个季度后，Alexopoulos在一份报告中表示。
"With the baseline forecasts for 2024-2026 provision having also increased versus the prior quarter, the second quarter results largely reaffirmed our prior view that the credit risk profile of the company remains elevated," the analyst wrote. The company is unlikely to reach peer-level of profitability by 2026, he added.
"由于2024-2026年拨备的基准预测也比上一季度增加了，第二季度的业绩基本上重申了我们之前的观点，即该公司的信用风险特征仍然较高，"分析师写道。他补充说，该公司不太可能在2026年前达到同业的盈利水平。
Check out other analyst stock ratings.
查看其他分析师的股票评级。
Wedbush On New York Community Bancorp
Wedbush关注纽约社区银行
Analyst David Chiaverini maintained a Neutral rating and price target of $10.50.
分析师David Chiaverini维持中立评级和10.5美元的价格目标。
New York Community Bancorp reported a weaker-than-expected quarter and lowered its near- and long-term guidance, Chiaverini said.
纽约社区银行报告了一个低于预期的季度，并下调了其近期和长期的指引，Chiaverini表示。
"2024 continues to be a bumpy transition year for NYCB, and along with earnings, the company announced that it would be divesting its Flagstar mortgage servicing and third party origination platform in a sale to Mr. Cooper for $1.4 billion," he added.
"2024年仍然是NYC的艰难转型之年，除了盈利外，该公司还宣布将通过向Mr. Cooper以14亿美元的价格出售其Flagstar抵押贷款服务和第三方原创平台来剥离该平台。"他补充说。
While deposit growth was positive is the second quarter, most of it was generated on the interest-bearing side, the analyst stated. "The credit story remains fluid with large sequential increases in both net charge-offs and nonperforming loans," he further wrote.
虽然在第二季度存款增长是正面的，但其中大部分是在计息方面产生的，分析师表示。"信贷故事仍然处于流动状态，净销账和不良贷款都有大幅增长。" 他进一步写道。
NYCB Price Action: Shares of New York Community Bancorp were up 3.49% to $10.98 at the time of publication on Friday.
在周五发表时，纽约社区银行的股票上涨了3.49％，至10.98美元。
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Photo: Shutterstock
Photo: shutterstock
