New York Community Bancorp downgraded to Market Perform at Keefe Bruyette Keefe Bruyette downgraded New York Community Bancorp to Market Perform from Outperform citing valuation following the company's Q4 results. The firm has a $17 price target for shares.
New York Community Bancorp reports Q3 loans originated for investment $2.6B Reports Q3 non-performing non covered assets fell $30.2M or 17.2% from last year. Reports margin rose three basis points quarter-over-quarter to 2.69% in Q3. Reports Q3 non-covered loans held for investment represented $32.3B, or 91.0%, of total loans at the end of September.