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Fly News Breaks for August 28, 2018
NYCB
Aug 28, 2018 | 07:47 EDT
Credit Suisse analyst Moshe Orenbuch reinstated coverage of New York Community Bancorp with a Neutral rating and $12 price target. The analyst believes the company will continue to face NIM pressure for the next 1-2 years owing to the fixed-rate nature of most of its loans and continued competition in the deposit market. This should continue to pressure the company's ROE, a trend he has seen for several years.
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