A financial crisis can send entire stock sectors tumbling. History has shown that timing the market can be difficult, if not impossible. If you move to the sidelines, the tendency is to return too late after a rally has started. But what if you already have cash to put to work?
Recent action underlines what may be a golden opportunity for discerning stock pickers. Below is a screen of analysts’ ratings and price targets for U.S. bank stocks. On Monday, shares of New York Community Bancorp. NYCB shot up 32% after NYCB purchased deposits, loans and branches of the failed Signature Bank from the Federal Deposit Insurance Corp. at a deep discount. That deal instantly transforms NYCB by making it less reliant on wholesale funding and increasing its focus on higher-yielding loans. It also appears to have lowered the risk that the bank may have to cut its dividend, which was a high 7.90%, even after Monday’s share price increase.
Click on the tickers for more about each bank, including news coverage, stock dividend yields and price ratios.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
I'm a contrarian bottom-feeder!!!!
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Majority of Colorado hospital systems lost money in 2022 as costs surged, stock market tankedColorado hospitals as a whole remained financially healthy through the first two years of the pandemic, but their profit margins were slashed in half in 2022 as costs swelled, pushing the majority of the state’s hospital systems into the red by the fall. No sympathy. Why in the rocky mountain fuck should hospitals turn a profit? Healthcare must be a legal right for every American, and profit shouldn't enter into the equation. Medicare for all is the only civilized solution to this barbarity.
Source: denverpost - 🏆 13. / 72 Read more »
U.S. stock-market futures edge higher after historic deal to rescue Credit SuisseU.S. stock-index futures opened with modest gains Sunday evening as investors assessed a historic deal to rescue troubled Swiss lender Credit Suisse as... Until the next “rescue.” CS was a mess before this, but they are not the last bank with serious issues Thanks Yellen, keep on pumping that money in….and consolidating the banks on the backs of taxpayers guaranteeing their bad behavior.
Source: MarketWatch - 🏆 3. / 97 Read more »
Asian Stock Market: Fears of banking turmoil propels further downside, oil drops on steady PBOCMarkets in the Asian domain witnessed an intense sell-off on Monday. The week started with the downside bias observed last week backed by a potential
Source: FXStreetNews - 🏆 14. / 72 Read more »