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）在週五飆升，此前該公司公佈了其第二季度業績。該公司在5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
摩根大通對紐約社區銀行
Analyst Steven Alexopoulos reiterated a Neutral rating, while reducing the price target from $12.50 to $10.50.
分析師Steven Alexopoulos重申了中立評級，同時將目標價從12.50美元降至10.50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.
紐約社區銀行報告第二季度虧損超出預期，同時“基準2024-2026年納稅前利潤”（PTPP）的預測被“相當大幅度”降低，新管理層在設定戰略目標後一季度的變化，Alexopoulos在一份聲明中說。
"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.
“隨着2024-2026年制定的基準撥備預測也比上一季度增加，第二季度的結果基本上重申了我們以前的觀點：該公司的信用風險仍然較高。”分析師寫道。他補充說，該公司不太可能在2026年達到同行水平的盈利能力。
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對紐約社區銀行的看法
Analyst David Chiaverini maintained a Neutral rating and price target of $10.50.
分析師David Chiaverini維持了中立評級和10.50美元的目標價。
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弱於預期的季度，並降低了其近期和長期的指引，Chiaverini說。
"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NYCb一個波動的過渡年，在盈利方面，該公司還宣佈將通過向Mr. Cooper出售其Flagstar抵押貸款服務和第三方原始平台來出清非核心資產，總計14億美元，”他補充道。
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.
儘管第二季度存款增長是積極的，但其中大部分是在付息方面產生的，該分析師稱。“信貸故事仍然存在不確定性，隨着淨收取的個人貸款和不良貸款的大幅增長，”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.
NYCb價格走勢：紐約社區銀行股票在週五發佈時上漲3.49％至10.98美元。
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Photo: Shutterstock
Photo: shutterstock
譯文內容由第三人軟體翻譯。