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New York Neighborhood Bancorp
NYCB-NYSE
Outperform • Worth $6.54 on March 17
by Wedbush
We’re upgrading NYCB from Impartial, owing to materials earnings-per-share accretion of 20% from the Signature Financial institution deal. [On March 19], the FDIC introduced that it had entered into a purchase order settlement with Flagstar Financial institution, a subsidiary of NYCB, for a portion of Signature’s mortgage and deposit portfolio.