New York Community Bancorp Q2 Earnings Beat Estimates Aided By Higher Interest Rate Environment
Portfolio Pulse from Nabaparna Bhattacharya
New York Community Bancorp, Inc. (NYSE:NYCB) reported Q2 net interest income of $900 million, beating the consensus of $779.64 million. Total revenues jumped by 218.8% Y/Y. Adjusted EPS of $0.47 beat the street view of $0.31. The company expanded its private banking business and declared a quarterly cash dividend of $0.17 per share. NYCB shares are trading higher by 6.6%.
July 27, 2023 | 4:50 pm
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New York Community Bancorp reported strong Q2 earnings, beating estimates. The company also declared a quarterly cash dividend of $0.17 per share. NYCB shares are trading higher by 6.6%.
New York Community Bancorp reported strong Q2 earnings, beating estimates, which is a positive signal for investors. The company's decision to declare a quarterly cash dividend also adds to the positive sentiment. As a result, NYCB shares are trading higher, indicating a positive short-term impact on the stock.
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