NYCB Stock Downgraded to Underperform at Raymond James on Expected Credit Cost Increase
Monday, 18 March 2024, 12:31
NYCB's Stock Downgrade:
Raymond James downgraded NYCB's stock to underperform from the previous rating.
Credit Costs Impact:
Anticipation of rising credit costs is expected to affect earnings negatively.
Moody's Rating Increase:
Moody's upgraded the rating by one notch post a $1.05B capital infusion.
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