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
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).
紐約社區銀行股票（NYSE:NYCB）在週五上漲，此前該公司公佈了其第二季度業績報告。該公司在五月同意向摩根大通（NYSE:JPM）出售約50億美元的抵押貸款倉庫貸款。
The results came amid an exciting earnings season. Here are some key analyst takeaways.
這些結果出現在一個激動人心的盈利季節。以下是一些重要的分析師觀點。
JPMorgan On New York Community Bancorp
摩根大通關注紐約社區銀行
Analyst Steven Alexopoulos reiterated a Neutral rating, while reducing the price target from $12.50 to $10.50.
分析師Steven Alexopoulos重申中立評級，同時將價格目標從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.
紐約社區銀行報告了一個超預期的第二季度虧損，同時"相當明顯"地下調了2024-2026 PTPP（稅前稅前利潤）的基準預測，這是新管理層制定戰略目標一個季度後，Alexopoulos在一份報告中表示。
"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.
"由於2024-2026年撥備的基準預測也比上一季度增加了，第二季度的業績基本上重申了我們之前的觀點，即該公司的信用風險特徵仍然較高，"分析師寫道。他補充說，該公司不太可能在2026年前達到同業的盈利水平。
Check out other analyst stock ratings.
查看其他分析師的股票評級。
Wedbush On New York Community Bancorp
Wedbush關注紐約社區銀行
Analyst David Chiaverini maintained a Neutral rating and price target of $10.50.
分析師David Chiaverini維持中立評級和10.5美元的價格目標。
New York Community Bancorp reported a weaker-than-expected quarter and lowered its near- and long-term guidance, Chiaverini said.
紐約社區銀行報告了一個低於預期的季度，並下調了其近期和長期的指引，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的艱難轉型之年，除了盈利外，該公司還宣佈將通過向Mr. Cooper以14億美元的價格出售其Flagstar抵押貸款服務和第三方原創平台來剝離該平台。"他補充說。
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.
雖然在第二季度存款增長是正面的，但其中大部分是在計息方面產生的，分析師表示。"信貸故事仍然處於流動狀態，淨銷賬和不良貸款都有大幅增長。" 他進一步寫道。
NYCB Price Action: Shares of New York Community Bancorp were up 3.49% to $10.98 at the time of publication on Friday.
在週五發表時，紐約社區銀行的股票上漲了3.49％，至10.98美元。
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Photo: shutterstock