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Stock Market & Financial Investment News

News Breaks
November 19, 2012
06:41 EDTAFAstoria Financial upgraded to Neutral from Underperform at Sterne Agee
Sterne Agee upgraded Astoria Financial based on valuation. Price target is $9.
News For AF From The Last 14 Days
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July 23, 2014
16:36 EDTAFAstoria Financial reports Q2 EPS 20c, consensus 16c
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July 21, 2014
17:47 EDTAFAstoria Financial to sell non-performing residential mortgages to Credit Suisse
Astoria Financial (AF) announced that the bank had entered into an agreement to sell certain non-performing residential mortgage loans, or NPL, to Credit Suisse (CS) for consideration of approximately $186M. The NPL Sale is expected to close on or about July 31, subject to usual and customary closing conditions. In anticipation of the NPL Sale, such non-performing loans were designated as held-for-sale as of June 30 and were written down from their carrying value of approximately $195M to their estimated fair value of $186M. As a result, the company recorded an $8.7M charge-off and a $5.7M loan loss release in Q2.

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