KBW Sounds Positive Note on New York Community Bank (NYB)

Analysts at Keefe, Bruyette and Woods published a research note earlier this morning following their meeting with the CEO of New York Community Bank (NYSE: NYB), Joe Ficalora, and its CFO, Tom Cangemi.

They "came away feeling increasingly confident that NPAs are close to peaking with earnings growth likely from excess liquidity being deployed into stronger multifamily originations."

KPW continued that they "believe NYB has a fair amount of flexibility, with the balance sheet well positioned from a liquidity, capital and growth perspective."

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